Shulou(Shulou.com)11/24 Report--

CTOnews.com, October 22, the evening of October 20 local time, Volkswagen released preliminary financial data for the third quarter of 2023, followed by full quarterly data on October 26.

Data show that in the third quarter, the company's sales rose 12% year-on-year to about 78.8 billion euros (CTOnews.com Note: currently about 610.7 billion yuan); sales in the first three quarters increased by about 16% year-on-year to about 235.1 billion euros (currently about 1.82 trillion yuan).

At the same time, Volkswagen updated its outlook for fiscal year 2023. Car deliveries are still expected to be between 9 million and 9.5 million, and sales will increase by 10% 15% year-on-year, which is also in line with the previous period.

Volkswagen said it benefited a lot from the growth in passenger car business from July to September, and now expects operating profit before deducting special items in 2023 to reach the level of 22.5 billion euros in the previous year, with a return on sales of 7.0 per cent and 7.3 per cent, down from the previous forecast of 7.5 per cent. 8.5%.

Some time ago, Volkswagen released delivery figures for the third quarter / first three quarters of this year. From January to September this year, Volkswagen delivered 531500 pure electric vehicles worldwide, up 45 per cent from a year earlier, accounting for 7.9 per cent of the group's total sales, up from 6.1 per cent in the same period last year.

In addition, Volkswagen delivered 2.3437 million vehicles worldwide in the third quarter of this year, up 7.4 per cent from a year earlier, while global pure electric vehicle sales rose 40.5 per cent to 209900, accounting for 9.0 per cent of the group's total sales, up from 6.8 per cent a year ago.

According to CTOnews.com, Volkswagen lowered its full-year sales forecast to the current level in late July. Volkswagen's chief financial officer, Arno Antlitz, said the company had lowered its sales target to 9 million-9.5 million vehicles from the previous 9.5 million, due to a decline in sales in China in the first half of the year.

Antlitz said Volkswagen must begin to achieve results in reducing costs and increasing efficiency this year, and the group has no time to waste in the face of increasingly fierce market competition.

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