FRANKFURT, July 23 (Reuters) - Volkswagen's revised 2004 outlook of 1.9 billion euros ($2.33 billion) in operating profit before special items given earlier in the day, is a worst case scenario, the company's chief said on Friday.
"Under the unfavourable conditions 2004 operating profit before special items could - and I may add in the worst case - amount to only 1.9 billion (euros) instead of the original 2.5 billion (euros) target," Chief Executive Officer Bernd Pischetsrieder told a conference call.
Volkswagen expected growth in car deliveries of between 5 and 7 percent this year in China, its most important foreign market, management board member Detlef Wittig said on the call.
Earlier in the day, Europe's largest carmaker said it now expected to post operating profit before special items of 1.9 billion euros for the year as a whole, compared with its original guidance of more than 2.5 billion.