BERLIN (Reuters) – Volkswagen on Thursday reported a 22% increase in its turnover to 76 billion euros, thanks to strong growth in its activities in Europe and North America.
The car group said its order book in Western Europe totaled 1.8 million vehicles, including 260,000 electric cars.
Total deliveries in the first quarter rose 7.5% from a year earlier, as did BMW, which also posted higher deliveries over the same period.
Nevertheless, Volkswagen’s deliveries in China were down 14.5% in the quarter.
“The company is confident that deliveries to this region can recover throughout the year thanks to the expanded model offering and China-specific technology,” the company said in a statement. .
Operating profit fell to 5.7 billion euros in the first three months of the year, after profit was boosted in the same period last year by the company’s commodity risk hedging strategy. band.
Volkswagen’s profit before interest and tax still exceeded the expectations of five analysts polled by Refinitiv SmartEstimate, namely 5.48 billion euros.
The group has confirmed its outlook for 2023.
(Report by Victoria Waldersee, Dina Kartit, edited by Matthieu Protard)
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