Annual Report & Full Year Results 2023

The Volkswagen Group Annual Media, Analyst and Investor Conference took place on March 13, 2024 in Berlin.

Portrait of Oliver Blume, CEO Volkswagen Group
“In 2023, we have established a solid foundation. We are aware of our current challenges and are tackling them rigorously in order to leverage the enormous potential of the Volkswagen Group. With inspiring products, a consistent strategy and a clear focus on implementation, we are looking forward to the 2024 financial year with confidence. The Volkswagen Group is entering the long-distance race of transformation from a position of strength.”
Oliver Blume CEO Volkswagen Group
Portrait of Oliver Blume, CEO Volkswagen Group
Picture in front of a stone wall of the CFO and COO of the Volkswagen Group
“In a challenging environment, Volkswagen Group delivered robust results in 2023. That is what we want to build on this year. To ensure that we remain successful sustainably, we will focus in 2024 on ramping up new vehicles, reducing costs, making greater use of synergies within the Group, and establishing more robust regional positioning also by continuing to grow profitably in North America.”
Arno Antlitz CFO und COO Volkswagen Group
Picture in front of a stone wall of the CFO and COO of the Volkswagen Group

Volkswagen Group delivers robust 2023 results - Performance programs and record number of new product launches stabilize future development

  • Robust financial results for 2023 show that the Group delivers reliably in a challenging environment
  • All brand groups contributed to the operating profit of EUR 22.6 billion; operating profit reached EUR 25.8 billion, when adjusted for valuation effects in particular from commodity hedging
  • 2023 was a year of restructuring, with consistent implementation of the TOP-10 program
  • Comprehensive earnings programs launched; debut of the all-electric premium platform PPE and a record number of model premieres inspire confidence for 2024
  • With regenerate+, the Group is establishing a holistic sustainability strategy and assuming social responsibility

Highlights

9.4
million VEHICLE SALES
+10 %
322.3
EUR billion SALES REVENUE
+15 %
22.6
EUR billion OPERATING RESULT*
At previous year's level, *BEFORE SPECIAL ITEMS

Annual Media Conference 2024

Analyst and Investor Conference 2024

Recording of Analyst and Investor Full Year Results Conference 2024
Sustainability strategy regenerate+

regenerate+

The Volkswagen Group stands for tradition, for strong brands, for driving developments and mastering challenges. Now we are shaping the biggest transformation in our company's history: providing sustainable mobility for generations. And as a responsible company, we have a duty to create and maintain value and move what matters most.

This is what Volkswagen will do to become a nature and society positive mobility provider.

Documents

Pictures

Videos

The specified fuel consumption and emission data does not refer to a single vehicle and is not part of the offer but is only intended for comparison between different types of vehicles. Additional equipment and accessories (additional components, tyre formats, etc.) can alter relevant vehicle parameters such as weight, rolling resistance and aerodynamics, affecting the vehicle's fuel consumption, power consumption, CO2 emissions and driving performance values in addition to weather and traffic conditions and individual driving behavior. Further information on official fuel consumption data and official specific CO2 emissions for new passenger cars can be found in the "Guide to fuel economy, CO2 emissions and power consumption for new passenger car models", which is available free of charge from all sales dealerships and from DAT Deutsche Automobil Treuhand GmbH, Hellmuth-Hirth-Str. 1, D-73760 Ostfildern, Germany and at www.dat.de/co2.