Warning about illegal offers of alleged shares of "Lamborghini SpA"
Volkswagen Group delivers solid nine-month results in a challenging environment; disruptions in production and higher product costs impact third quarter
– Volkswagen Group achieved strong deliveries and sales revenue growth in the first nine months of FY 2023. Deliveries increased by 11 percent year-on-year to 6.7 million vehicles (Q3 2023: 2.3 million vehicles; +7.0 percent). Sales revenue grew by 16 percent to 235.1 billion euros (Q3 2023: 78.8 billion euros; +12 percent). The order bank at the end of the third quarter of 2023 remained at a high level of 1.4 million vehicles in Western Europe alone. Net liquidity in the Automotive Division remained very solid at 36.7 billion euros.
Volkswagen Group delivers 45 percent more all-electric vehicles in first 9 months
The Volkswagen Group has systematically continued its transformation in the first nine months of 2023. All-electric deliveries increased by 45 percent to 531,500 vehicles globally, raising the BEV share of total deliveries to 7.9 percent after 6.1 percent in the prior year period. In the third quarter alone, the BEV share climbed to 9.0 percent compared to 6.8 percent one year ago. From January to September, Europe remained the key growth driver with an increase of 61 percent to 341,100 vehicles. BEV deliveries jumped 74 percent to 50,300 units in the USA and surpassed prior year levels in China with an increase of 4 percent to 117,100 units.
Volkswagen Group taps into new profit pools with sustainable mobility
The Volkswagen Group has made decisive progress in its four industry-leading technology platforms. It is also tapping into highly attractive additional profit pools as part of its transformation from legacy automaker to integrated mobility provider by further expanding its sustainable mobility business. At the Group's press conference at IAA Mobility in Munich, CEO Oliver Blume said: "We are making good progress. And faster than planned. We have reached numerous milestones, set important strategic directions and achieved joint successes. We are systematically driving forward the transformation along our ten-point plan and consistently developing further attractive profit pools in the area of sustainable mobility."
Brand Group Core increases returns and operating profit in first half of 2023 – systematically moving towards greater profitability in volume segment
The Volkswagen Group’s Brand Group Core continued its development in the first half of 2023. Thanks to intensified cooperation between the sister brands Volkswagen, ŠKODA, SEAT/CUPRA and Volkswagen Commercial Vehicles, efficiency and profitability increased through the entire brand group. The new designation of Brand Group Core reflects the central role of the brand group as the backbone of the Volkswagen Group. With its new steering model, the Volkswagen Group’s ambition is to leverage the performance of the brand groups as efficiently as possible while at the same time harnessing the Group’s economies of scale to the greatest possible effect.
Volkswagen Group posts solid H1 results and strengthens strategic position in China
Volkswagen Group posted solid H1 results for 2023, with rising sales revenue and strong underlying operating profit. This is in line with the Group’s “value over volume” strategy, announced at the recent Capital Markets Day. The Group's BEV strategy is also making further progress, with deliveries in the first half of the year increasing by around 50 percent year-on-year. In Europe, the Group increased its BEV deliveries by as much as 68 percent, underscoring its position as market leader in Europe. As the year progresses, significantly shorter delivery times, the remaining high order bank of 1.65 million vehicles and stable demand should provide further tailwinds. The solid net liquidity of EUR 33.6 billion in the Automotive Division also gives the Group the necessary strength and flexibility to continue investing in key regions and growth areas.
Volkswagen AG publishes preliminary key figures for the statement as per 30 September 2023 and updates forecast for fiscal year 2023
Preliminary results fiscal year 2022
Executive Board and Supervisory Board determine placement price of the preferred shares for IPO of Dr. Ing. h.c. F. Porsche AG
Executive Board and Supervisory Board determine price range and offer structure for IPO of Dr. Ing. h.c. F. Porsche AG; Volkswagen AG enters into Share Purchase Agreement with Porsche Automobil Holding SE
Board of Management and Supervisory Board aim for an IPO of Dr. Ing. h.c. F. Porsche AG and decide on the next step with the "intention to float"
The Management Board and the Supervisory Board are dealing with a possible announcement of an Initial Public Offering (IPO) of Dr. Ing. h.c. F. Porsche AG
Chairman leaves the Board of Management of Volkswagen AG
Volkswagen AG publishes preliminary key figures for the first quarter 2022
Volkswagen AG resolves examination of a possible IPO of Dr. Ing. h.c. F. Porsche AG
Documents, Videos & Images
Videostatement by Arno Antlitz on the results for the first half 2023
Public part of the 63rd Annual General Meeting on May 10, 2023
Annual Media Conference 2023