The Volkswagen automotive group has confirmed an attributable net profit of 4,209 million euros in the first three months of the year, which is 35.97% less than the profit of 6,574 million euros it achieved in the first quarter of 2022, according to accounts published by Company. Worldwide deliveries increased by 7.5% and exceeded two million vehicles, with a total of 141,000 EVs sold, 42% more than last year. The order book in Western Europe is 1.8 million cars, 260,000 of which are electric. Per brand, the Spanish Seat achieved an operating profit of 144 million euros between January and March, almost 30 times more than the 5 million euros a year earlier. In addition, the company’s turnover in the period amounted to 3,562 million euros, an increase of 48% year-on-year. Related News standard No Cupra takes a step forward with Tavascan, an “emotional electric” Àlex Gubern The Spanish car company unveils its first 100% electric SUV coupe in Berlin, on the market in 2024 Volkswagen Turismos for its part won 608 million euros in the first quarter of the course 18.51% more in the year-on-year comparison, while the Audi group, of which Bentley is a part, ended the quarter with an operating profit of 1,816 million euros, 48.62% less. Skoda’s operating profit rose 60.83% year-on-year to €542 million, and Volkswagen Commercial Vehicles ended the first three months of 2023 with an operating profit of €171 million, almost four times the €46 million last year. The sports brand of the automobile group Porsche posted an operating profit of 1,727 million euros until March, 27% more, and Traton shot up its profit by 164% to 875 million euros. MAN Energy Solutions also achieved a positive operating result of 101 million euros, 83.63% more, and the software division Cariad lost 429 million euros, 3.1% more. Finally, the consortium’s financial division, Volkswagen Financial Services, closed the quarter with an operating profit of 985 million euros, which translates into a decrease of 34.37%. The consortium’s revenues between January and March amounted to EUR 76,198 million, representing an increase of 21.5% over the previous year, while global vehicle sales of all its brands reached 2.04 million units, an increase of 7.53% compared to the same period last year. Likewise, the operating profit of the Volkswagen Group in the first three months of the year was 5,747 million euros, which is 30.99% less than the 8,328 million euros recorded in the first quarter of 2022. was 7.5% in the first quarter of the course, which is 5.8 percentage points less than the 13.3% achieved in the same period of the previous year. The automotive multinational produced a total of 2.12 million vehicles worldwide between January and March this year, an 11.2% increase year-on-year, while its global workforce increased 0.2% to 676,900 people. . Outlook In terms of forecasts for the year, the Volkswagen Group estimates a sales increase of 10% to 15%, as well as an operating margin of 7.5% to 8.5%. MORE INFORMATION noticia No Cupra Dark Rebel: The most radical virtual sports car of the metaverse noticia No Oliver Blume (CEO of the Volkswagen Group): “We will make a decision on Seat in less than five years” noticia No Seat pins its hopes for the future in Cupra Similarly, despite the “challenging” market conditions, the company expects to register approximately 9.5 million vehicles of all its brands by the end of the year in a scenario with an improvement in logistics bottlenecks and also with greater availability of supplies.
Source: La Verdad
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