Volkswagen AG (VLKAY.PK) Interim Report January-March 2012 Conference Call April 26, 2012 8:00 am ET Executives Hans Dieter Pötsch – Member, Board of Management, Finance and Controlling Christian Klingler – M ember, Board of Management, Group Sales and Marketing Christine Ritz – Group Head-Investor Relations Analysts Horst Schneider – HSBC Jochen Gehrke – Deutsche Bank Michael Tyndall – Barclays Capital Stuart P. Pearson – Morgan Stanley Arndt Ellinghorst – Credit Suisse Daniel Schwarz – Commerzbank Georges Dieng – Natixis Bernard Donges – JPMorgan Securities Ltd. Adam Hull – WestLB Charles Winston – Redburn Partners Christian Breitsprecher – Macquarie PresentationOperator
Good afternoon ladies and gentlemen. Welcome to Volkswagen’s Conference Call on the Results for the period January to March 2012 based on the ad hoc and the interim report, we published this morning. Joining me today on this call are Hans Dieter Pötsch, Member of the Board of Management Volkswagen AG responsible for Finance and Controlling, and the Member of the Board of Management Volkswagen AG responsible for Group Sales and Marketing, Christian Klingler. 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. After the presentation, we will take questions first from analysts, and then from Journalists. Let me now pass you over to Mr. Pötsch. Hans Dieter Pötsch 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 the good start to the year 2012 despite the difficult economic environment here in Europe. In the first three months, the Volkswagen Group delivered more 2 million vehicles for the first time, an increase of 11.1%.