Volkswagen AG (VLKAY.PK) Q3 2011 Earnings Conference Call October 27, 2011 08:00 ET Executives Hans Dieter Pötsch – Member, Board of Management, Finance and Controlling Christian Klingler – M ember, Board of Management, Group Sales and Marketing Analysts Jochen Gehrke – Deutsche Bank Horst Schneider – HSBC John Lawson – Citi Michael Tyndall – Barclays Capital Stephen Reitman – Societe Generale Fraser Hill – Bank of America-Merrill Lynch Thierry Huon – Exane BNP Paribas Stuart Pearson – Morgan Stanley Ranjit Unnithan – JPMorgan Christian Breitsprecher – Macquarie Jan Schwartz – Reuters Chris Bryant – Financial Times PresentationUnidentified Company Speaker
Good afternoon ladies and gentlemen welcome to Volkswagen’s Conference Call on the results for the period January to September 2011 based on the ad hoc and the interim report, we published this morning. Joining me today are Hans Dieter Pötsch, Member of the Board of Management Volkswagen AG responsible for Finance and Controlling, and Christian Klingler, Member of the Board of Management Volkswagen AG, responsible for Group Sales and Marketing. You can follow the webcast and download the chart from our website www.volkswagenag.com/ir. Questions can be sent by e-mail or called in. Following the presentation, we will first take questions from analysts, and then at the end, we will make sure there is time for questions from journalists. Let me now pass you over to Mr. Pötsch. Hans Dieter Pötsch – Member, Board of Management, Finance and Controlling Thank you and allow me to add my warm welcome to those of you joining this call today. It is my pleasure to be able to report on the strong performance over the first nine months of this year. We delivered more than six million cars for the first time an increase of 14.1%, which equates just over 2.5 times the rate of the global market.