"The Volkswagen group has established a strong position in recent years," and "our good start to the current fiscal year is an additional proof of this," CEO Martin Winterkorn said in the statement. "We must now continue improving our position and maintain our successful cours."
Rebounding demand in Europe helped Audi brand and Porsche to boost first-quarter deliveries by 12 percent and 5 percent to 413,000 and 38,700 units.
All VW car brands except the group's Seat division posted profits in the quarter.
VW brand's operating profit was 440 million euros ($609.9 million), down from 590 million the year before. Profit was hit by lower sales volumes, negative exchange rate trends, especially in South America and Russia, and higher upfront investments in new technologies, VW said.
Audi’s operating profit at 1.3 billion euros ($1.8 billion) was the same as in the first quarter of 2013, impacted by high upfront investments in new products and technologies, as well as in the expansion of Audi's production network outside Germany.
Porsche's profit rose to 698 million euros ($967.4 million) from 573 million. Bentley’s operating profit increased to 45 million euros ($62.4 million) from 27 million.
New models and higher vehicle sales helped Skoda to boost profit by 65 percent to 185 million euros ($256.4 million). Seat narrowed its loss to 36 million euros ($49.9 million) from 46 million.