RM-SYSTÉM»Události»Volkswagen Group makes solid start to fiscal year 2023 with strong increase in revenues
Volkswagen Group makes solid start to fiscal year 2023 with strong increase in revenues

04.05.2023 14:20
Volkswagen Group makes solid start to fiscal year 2023 with strong increase in revenues and underlying operating profit
- Strong sales revenue growth in Q1 primarily driven by volume recovery in EU and NAR, up 22 percent to EUR 76 billion
- Strong increase in operating profit by 35 percent to EUR 7.1 billion before valuation effects, mainly from commodity hedging; operating return on sales before valuation effects of around 9 percent
- Operating profit of EUR 5.7 billion, operating margin stands at 7.5%
- Automotive net cash flow at EUR 2.2 billion at end of Q1 2023
- BEV deliveries rose 42 percent to 141,000 in Q1 (7 percent share of total deliveries)
- The Group continues to see strong demand, with an order backlog of 1.8 million vehicles in Western Europe alone, including 260,000 BEVs
- Guided by the Ten Point-Plan, the Group continues to systematically invest in digitization and electrification of the company, both in Europe and in global growth regions, North America and China
- Arno Antlitz, CFO & COO, said: “Volkswagen Group has made an encouraging start to 2023. We saw strong growth in revenues and operating profit before the non-cash valuation effects from commodity hedging. With this solid performance and an order book of 1.8 million vehicles at the end of Q1, we confirm our financial outlook for 2023.”
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