By Andrea FiguerasVolkswagen AG tightened its guidance for the year after it said revenue rose in the third quarter and the first nine months of 2023. Earlier this year, the company had said it expected an operating return on sales for 2023 of between 7.5% and 8.5%. For the first nine months of the year, Volkswagen posted an increase in group sales revenue of around 16% to approximately EUR235.1 billion, it said. Operating profit was around EUR16.2 billion compared with EUR17.1 billion a year earlier. Write to Andrea Figueras at andrea.figueras@wsj.com(END) Dow Jones NewswiresOctober 20, 2023 13:12 ET (17:12 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal October 20, 2023 23:21 UTC