简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:BERLIN (Reuters) – Volkswagen reported a return on sales of 22.5 billion euros ($24.10 billion) in 2022 off sales of 279 billion euros, yielding an earnings margin of 8.1%, in line with the carmakers forecast.
Volkswagen earnings meet forecast, inventory weighs on net cash flow
BERLIN (Reuters) -Volkswagen reaped an 8.1% earnings margin in 2022, at the upper end of its outlook, but net cash flow was far lower than hoped as supply chain issues left the carmaker weighed down with unfinished goods and raw materials, it said on Tuesday.
Volkswagen, which is due to report full-year results on March 14, said in a preliminary announcement that sales over the year were around 279 billion euros ($298.95 billion), up from 250.2 billion in 2021, with operating profit at 22.5 billion euros.
Net liquidity in the automotive division was around 43 billion euros, including around 16 billion euros in cash inflows from the IPO of sportscar brand Porsche in September 2022.
Volkswagen had warned in October that supply chain troubles were the new norm after reporting stagnated earnings in the third quarter.
Full-year unit sales were the lowest the company had seen in over a decade, as COVID-19 lockdowns in China and the war in Ukraine upended supply chains, pushing down deliveries across the Volkswagen Group by 7% versus 2021.
($1 = 0.9334 euros)
(Reporting by Victoria Waldersee, editing by Thomas Escritt)
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.