Brand Group Core improves operating profit, unit sales and sales revenue – increased product costs and interruptions to production impact profitability

An infographic with figures on brand group core performance
Efficiency gains and improved sales figures are the result of intensified cooperation. The current profitability level for the Brand Group Core is not sufficient.
  • Operating profit grew by 34.0 percent from January to September 2023 compared to the same prior-year period; at 4.9 percent, the operating return on sales was slightly higher than the same period last year
  • Overall development is the result of efficiency increases in key synergy areas; third-quarter trend throughout the Brand Group affected by interruptions in production due to reduced component availability as well as high product costs
  • Thomas Schäfer, Member of the Group Board of Management: “Overall, the Brand Group Core results show we are on the right track, but still have a great deal of potential – in the individual brands and as a Brand Group. We cannot and should not be satisfied with our current profitability – decisive counteraction is called for here.”

Wolfsburg. The Volkswagen Group’s Brand Group Core extended cross-brand cooperation in the first nine months of 2023. Further synergy and scale effects were leveraged through disciplined investments and increased cost efficiency between the Volkswagen, ŠKODA, SEAT/CUPRA and Volkswagen Commercial Vehicles brands. There was a slight increase in the overall effectiveness of the Brand Group – however, performance felt the impact of negative factors such as interruptions in production resulting from the floods in Slovenia.

The specified fuel consumption and emission data are determined in accordance with the measurement procedures prescribed by law. 1 January 2022, the WLTP test cycle completely replaced the NEDC test cycle and therefore no NEDC values are available for new type approved vehicles after that date. This information 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. Due to more realistic testing conditions, fuel consumption and CO2 emissions measured according to WLTP will in many cases be higher than the values measured according to NEDC. As a result, the taxation of vehicles may change accordingly as of 1 September 2018. For further information on the differences between WLTP and NEDC, please visit 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