Volkswagen has issued preliminary monetary figures for the primary quarter of the 12 months which sjow an working revenue of round €8.5bn and an working return on gross sales of round 13.5%.
Nevertheless, the corporate famous that €3.5bn of that revenue complete was attributable to commodity hedges and is ‘not money efficient’. It mentioned the web money circulate of the Automotive Division is round €1.5bn and that burdens on working capital from seasonally elevated inventories are offset by solely a small enhance in liabilities which is manufacturing associated.
The corporate additionally famous the results of the additional course of the Ukraine struggle ‘nonetheless can’t be predicted with enough certainty’ and that there’s a danger that additional developments within the Ukraine struggle can have a destructive impression on the Volkswagen Group’s enterprise actions. ‘This will likely additionally outcome from bottlenecks within the provide chain.’ VW mentioned.
Additional, VW warned that additional growth on commodity markets additionally stay unpredictable, which in flip might have important results on the measurement of hedging devices. As well as, destructive results might proceed to outcome from a worsening Covid-19 pandemic and from the provision state of affairs – particularly for semiconductors, the corporate mentioned.
Associated
EVs are strongly up
On a extra optimistic be aware, VW Group mentioned that regardless of provide bottlenecks for semiconductors and wire harnesses, it delivered 99,100 all-electric automobiles (BEVs) in Q1 2022 (Q1 2021: 60,000). Additionally, the BEV order financial institution rose to round 300,000 automobiles in Western Europe alone.
First quarter VW Group BEV deliveries in China elevated greater than four-fold to twenty-eight,800 items (Q1 2021: 6,200).
The highest VW Group 5 BEV fashions within the first quarter of 2022 had been as follows:
– Volkswagen ID.4 30,300 items
– Volkswagen ID.3 13,000 items
– Audi This fall e-tron (incl. Sportback) 10,700 items
– Audi e-tron (incl. Sportback) 10,300 items
– Porsche Taycan (incl. Cross Turismo) 9,500 items
The complete VW Group report on the interim monetary statements as of March 31, 2022 is anticipated to be printed on Might 04, 2022.
