Volkswagen Group achieves solid annual results, significant increase in deliveries expected in 2023

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Christopher Hauss
Christopher Hauss
Corporate Communications Head of Strategy & Finance Communications
Christoph Oemisch
Christoph Oemisch
Corporate Communications Spokesperson, Finance and Sales
Volkswagen Group
  • Sales revenue up 12 percent year-on-year to EUR 279.2 billion; decline in vehicles delivered was offset by positive product mix effects and price positioning; order bank remains at a high level of 1.8 million vehicles
  • Operating profit before special items increased 13 percent to EUR 22.5 billion; operating profit margin improved to 8.1 percent due to strong mix and pricing
  • Automotive net liquidity improved to EUR 43 billion including the proceeds from the Porsche IPO amounting to 16.1 billion; net cash flow contributed with EUR 4.8 billion to the strong net liquidity position
  • Deliveries of battery-electric vehicles (BEV) up by 26 percent totalling 572,100 units in 2022, share in group deliveries increases to 7 percent; Volkswagen on track for 20 percent BEV share of total deliveries in 2025 and 50 percent in 2030
  • Board of Management and Supervisory Board propose dividend of EUR 8.70 per ordinary share and EUR 8.76 per preferred share, payout ratio rises to 29.4 percent (25.4 percent)
  • Group Outlook for 2023: deliveries expected to rise to about 9.5 million vehicles; sales revenues to increase by between 10 and 15 percent primarily driven by the strong order backlog on hand, operating return on sales to be in the range of 7.5 and 8.5 percent, with a strong increase in reported net cash flow
  • Arno Antlitz, CFO & COO of Volkswagen Group, said: “Today's results provide more evidence of solid financial foundations on which we consistently implement our strategy.”

Wolfsburg. Volkswagen Group delivered a robust performance in 2022 with profitability improving despite ongoing supply disruptions and headwinds from higher raw material and energy costs. This was supported by continued pricing discipline, cost progress, and driven by a stronger mix which helped to increase operating profit before special items by EUR 2.5 billion to EUR 22.5 billion. The Group made significant progress in the execution of its strategy in 2022 in particular with the successful Porsche AG IPO, the launch of the Group’s battery company PowerCo with the ground-breaking of the first cell gigafactory in Salzgitter, the start of production of the all-electric ID.4 in the USA as well as the partnership with Horizon Robotics to further strengthening competitiveness in China.

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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.