Volkswagen Group’s solid financial performance lays basis for profitable growth in key markets

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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
B2023CW00602
  • BEV deliveries rose 26 percent in 2022, with further significant models to be released in 2023
  • Volkswagen Group remained BEV market leader in Europe and increased China deliveries by 68 percent in 2022, with strong demand for its highly competitive, unrivalled e-model range
  • 2022 was a milestone year in North America, with electrification of Chattanooga plant and relaunch of the popular iconic Scout brand, leveraging region’s shift to e-mobility
  •  Group is planning to invest EUR 180 billion between 2023 – 2027 in the most attractive profit pools and regions, with more than two-thirds allotted for electrification and digitalization
  • Robust operating profit before special items of EUR 22.5 billion, up 13 percent compared with 2021, demonstrates strength of Volkswagen Group brands
  • Oliver Blume, Volkswagen Group’s CEO: “We have set clear and ambitious targets and took necessary decisions to streamline processes in FY22. FY23 will be a decisive year for executing strategic goals and accelerating progress across the Group.“
  • Arno Antlitz, Volkswagen Group’s CFO & COO: “We aim to again generate robust returns in the current year. Our strong financial basis puts us in a position to continue investing in the electrification and digitalization of our company, even in a challenging economic environment.”

Wolfsburg. The Volkswagen Group posted solid full year results for 2022, despite global economic headwinds. The results demonstrate that the Group has a strong financial basis on which to build in 2023, with strong margins and a very solid net liquidity in the automotive division. The Group’s BEV strategy continued to advance in 2022 and demonstrated the popularity of the latest model range, with robust performances across all regions. The Group remains the BEV segment market leader in Europe and continues to grow in China. Significant new models arriving in 2023 will add further tailwind and improve the Group’s market position.

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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 www.volkswagen.de/wltp. 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.