The return on sales of the Volkswagen brand in the first half of the year increased to 5.6%, raising the annual expectations

In the first half of 2022, the Volkswagen brand further strengthened the group's economic benefits. Excellent sales management, optimization cost efficiency and the continuous advancement of the Accelerate strategy have brought strong performance. The operating profit that has not been included in special project expenditures increased to 1.9 billion euros (2021 in the first half of the year: 1.2 billion euros), and the return on business sales without special project expenditure rose to 5.6%(2021: 3.4%). The strong performance in the second quarter is the main reason why the Volkswagen brand can achieve excellent results in the first half of the year and achieve a net cash flow of 569 million euros. Although the delivery volume decreased year -on -year, thanks to the optimization of models and pricing strategies, Volkswagen still achieved sales revenue of about 33 billion euros (in the first half of 2021: 36 billion euros).

"Although the supply chain continues to be tight, we are still striding forward in the electrification strategy, digitalization, and software in the second quarter of 2022 in the second quarter of 2022. We will continue to implement Strict cost management, and give full play to the synergistic role of the product brand group group, the goal is to increase the efficiency of the entire mass production brand group by 20%in the mid -term. . "The mass production brand group is composed of Volkswagen passenger car brands, Seat and Cupra, Skoda, and Volkswagen. It is responsible for Mr. Thomas Schafer, a member of the Volkswagen Group Management Board. In the future, these brands will work closely in a faster, more efficient and more cost -effective way, and transform large -scale mass -produced models into competitive advantages.

Continue to pay attention to cost benefits

The excellent financial performance has continued to optimize the continuous optimization of fixed costs and amortization costs, and the continued good trend of various regional markets (especially North America and South America) and key investment in the future key issues -digital and electrification. Volkswagen's passenger car brand CFO Alexander Seitz said: "Although it is facing many unfavorable factors, our measures to reduce costs and increase profits are fully played, and in the second quarter, we continue to show upward trends."

Volkswagen brand pure electric model delivery increases by 25%

Affected by factors such as global semiconductor shortage and new crown epidemic, the global delivery volume of the Volkswagen brand was 2.08 million vehicles (down 23.2%). But at the same time, the sales of electric vehicles continued to increase: the delivery volume in the first half of the year reached 116,000 units, an increase of 25%compared with the same period last year. The delivery volume of ID.4 leading models is about 63,000, and the sales of more than half of the electric models are sold. In the Chinese market, Volkswagen's new energy vehicle delivery volume doubles compared with the same period last year. In June, ID. Family model delivery volume exceeded 17,600 units, a monthly sales high.

In general, the demand for fuel and electric vehicles is still high. In Europe alone, the order of various power versions to be delivered is as high as 728,000, including about 139,000 pure electric ID. Family models. Volkswagen is trying to meet customer needs, further shorten the time of the model delivery, and accelerate the processing of ordering orders.

Despite the rise in commodities and energy prices

"It is expected that the impact of commodities and energy prices in the second half of 2022 will be significantly higher than the first half of the year. We are taking a series of measures to cope with this trend. We have confidence to largely offset these price increases and continue to maintain positive positive extent. Situation. Therefore, under the premise that the supply situation improves as scheduled, we will improve the annual expectations. In 2022, the return on business sales without special project expenditures will be expected to increase to 4%-5%. "Alexander Seitz will Mr. said. The previous annual business return rate of 2022 is expected to reach 4%.

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