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Volkswagen: Quarterly Results/2023 Q4: Difference between revisions
Volkswagen: Quarterly Results/2023 Q4 (view source)
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** The operating margin of its Brand Group Progressive (Audi, Lamborghini, Bentley, Ducati) fell to 9% from 12.3% due to valuation effects associated with commodity hedging of -1.4 billion euros. Adjusted operating margin rose to 11% from 10.6%. | ** The operating margin of its Brand Group Progressive (Audi, Lamborghini, Bentley, Ducati) fell to 9% from 12.3% due to valuation effects associated with commodity hedging of -1.4 billion euros. Adjusted operating margin rose to 11% from 10.6%. | ||
** Financial services operating profit was 3.8 billion euros, a third of the previous year’s level due to the normalisation of used car prices. | ** Financial services operating profit was 3.8 billion euros, a third of the previous year’s level due to the normalisation of used car prices. | ||
== Earnings Call Summary == | |||
== Competitor Results and Expectations == | == Competitor Results and Expectations == | ||