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Volkswagen:Quarterly Results/2024 Q1: Difference between revisions
Volkswagen:Quarterly Results/2024 Q1 (view source)
Revision as of 17:01, 30 April 2024
, 30 April 2024→Earnings Call Summary
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* They expect significant improvement in Audi margin in Q3 going forward. | * They expect significant improvement in Audi margin in Q3 going forward. | ||
* Wages were not increased in Q1 2023, hence Q2 2024 going forward will benefit from increases in the other quarters last year (n strong comps as a result of that). | * Wages were not increased in Q1 2023, hence Q2 2024 going forward will benefit from increases in the other quarters last year (n strong comps as a result of that). | ||
* They expect order intake to increase throughout the year since some important models such as those of the Tiguan Brand were not available for order in Q1. They also expect BEV share to increase though they are margin dilutive. | |||
* Powerco losses will increase with the ramp-up (that's clear until 2025). | |||
* They expect CARIAD sales revenue to improve with the ramp-up of new models such as E Macan, ID.Tourer, Q6 e-tron. | |||
* Their long-term target for automotive net liquidity is more than 10% of sales. | |||
=== China === | === China === | ||