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Volkswagen posts robust H1 results, enabling investment in mobility, battery platforms and software as future profit pools

   

“Despite unprecedented global challenges, Volkswagen has demonstrated remarkable financial robustness. The operating margin in the first half of the year reflects the strong product substance and proportionately higher sales in the premium segment. In addition, the volume group has proven that it can deliver good results even in a challenging environment.”

Arno Antlitz CFO, Volkswagen Group

Highlights

Sales Revenue slightly up 2% to EUR 132.3 (129.7) billion (despite a 14% drop in sales volume), mainly driven by a favorable mix, better pricing and the first time consolidation of Navistar.

EUR 132.3 billion | Sales Revenue (+2%)

Solid Operating Profit before Special Items reaches EUR 13.2 (11.4) billion, exceeding prior-year period by 16%.

EUR 13.2 billion | Operating Profit before Special Items (+16%)

Continued strong demand for all-electric vehicles (BEVs).

+40% | BEV Order Intake Western Europe

Results summary

  • Stable H1 sales revenue at EUR 132.3 billion, 2 percent up from previous year levels including first-time consolidation of Navistar
  • Worldwide BEV deliveries grew 27 percent in H1, with order intakes in Western Europe increasing 40 percent compared with prior-year’s level – reflecting rapid growth in customer demand
  • Robust operating performance with H1 operating result before special items of more than EUR 13 billion (16.1 percent increase over 2021), showcasing the power of Volkswagen’s brands
  • Results driven by improved mix mainly through Premium and Sport brand groups and stronger Volume Group
  • Full-year 2022 Group guidance confirmed with a positive second half ahead

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Key Materials

Half-Yearly Financial Report 2022
2022-07-28
Press Release - Volkswagen posts robust H1 results, enabling investment in mobility, battery platforms and software as future profit pools
2022-07-28

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