- At EUR 2.5 billion, operating result before special items for first nine months is double figure for same prior-year period
- Operating return on sales before special items comes in at 4.7 percent
- Volkswagen CEO Thomas Schäfer: “The robust quarterly results show that Volkswagen remains on track despite an extremely challenging environment. We are maintaining the high pace by visibly and tangibly increasing the product substance of our models, speeding up our electric mobility campaign and aligning the product portfolio to customers’ needs.”
- CFO Patrik Andreas Mayer: “In view of the huge challenges arising from the strained supply situation we must continue with our systematic efforts to reduce costs and achieve the targeted increase in the quality of our operating result. The fourth quarter will be especially challenging with regard to global supply chains and parts supplies.”
Volkswagen Passenger Cars stays on track in difficult environment
The Volkswagen Passenger Cars brand further strengthened its economic efficiency in a persistently difficult environment. At almost EUR 2.5 billion, the operating result before special items for the first nine months of the current year was double the figure for the same prior-year period (EUR 1.2 billion), sales revenue rose to EUR 52 billion (prior-year period: EUR 49 billion). The net operating cash flow reached EUR 1.0 billion (prior-year period: EUR: -0.3 billion). Even though numerous customer orders could not be delivered as planned due to the persistent shortage of parts, the result was bolstered by a positive model mix and a recovery in delivery volumes in the third quarter: At 1.26 million, the number of vehicles delivered worldwide from July to September 2022 was 15.3 percent higher than the same prior-year period.