Volkswagen is making good progress in the transformation to a tech company and sustainably strengthened its economic viability in 2021. At 4.9 million units, deliveries were, in a challenging competitive environment, 8 percent lower than the previous year (2020: 5.3 million). Despite this, revenue increased by 7 percent to 76.1 billion euros (2020: 71.1 billion euros). We increased the operating result before special factors by 2 billion euros to 2.5 billion euros (2020: 0.5 billion euros). The operating margin before special factors was 3.3 percent (2020: 0.6%), putting it in the target range of 3 to 4 percent. Through greater productivity, cost discipline, and other measures, Volkswagen is aiming to further improve results and achieve an operating margin of 6 percent in 2023.
With the ACCELERATE strategy, Volkswagen is not only strengthening its competitiveness, but also expediting the acceleration of electric mobility and digitisation. With the new software ID.3, the brand is improving the customer experience for all cars in the ID. family. The new generation of software reduces charging times, increases convenience and optimises operation.
Volkswagen is planning to significantly increase the deliveries of all-electric cars for 2022. The corporation also expects to improve on the operating result, revenue and operating margin. The forecast depends on how the war in Ukraine develops, the effects on supply chains and the global economy as a whole.