(News Bulletin 247) – The Volkswagen Group today announces its results for the year 2022. BEV deliveries increased by 26% in 2022. The Volkswagen Group remained leader of the BEV market in Europe and increased its deliveries in China by 68% in 2022.
The total number of deliveries fell by 7% to 8.3 million vehicles. Operating margins before special items increased to 8.1%. Operating profit before special items was 22.5 billion euros, up 13%.
The automotive division’s net cash flow fell to 4.8 billion euros.
With a high order book of 1.8 million vehicles and a unique product portfolio, the group expects supply chain bottlenecks to gradually ease in 2023.
The automotive division’s net cash increased to 43 billion euros at the end of 2022, supported by the IPO of Porsche AG.
Oliver Blume, Volkswagen Group Chief Executive, said: ‘FY23 will be a decisive year for achieving strategic goals and accelerating progress across the group. ‘ Group which plans to invest 180 billion euros between 2023 and 2027.
Copyright (c) 2023 News Bulletin 247. All rights reserved.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
