Volkswagen Group (VW) has issued its key financial data for the 2013 fiscal year and highlighted a positive upturn in operating profits and net liquidity.

The company reported sales revenues for the year of €197 billion (£162.1 billion) – up from €192.7 billion in 2012 – and a growth in operating profits for the 12-month period from €11.5 billion to €11.7 billion.

Net liquidity for the business increased from €10.6 billion to €16.9 billion and deliveries to customers for the year rose by 4.9 per cent to a total of 9.73 million vehicles.

Dr Martin Winterkorn, chairman of the board of management at VW, commented: "Despite the difficult competitive environment, we once again won over customers around the world with our products. We met and even exceeded our goals for 2013. "

He added the company will now look to press ahead with the expansion of its product range over the coming months and aims to strengthen its competitive position across all markets in 2014.

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