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Volkswagen: Difference between revisions
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===Revenue and Profitability=== | ===Revenue and Profitability=== | ||
June 12, 2023: Volkswagen Supervisory Board is expected to meet tomorrow to discuss cost-saving measures amounting to at least 3 billion euros across Volkswagen, Seat, Skoda and Cupra brands. This comes ahead of the company's Capital Markets day scheduled for June 21<ref>https://www.reuters.com/business/autos-transportation/volkswagen-supervisory-board-discuss-savings-programme-tuesday-2023-06-12/</ref>. | |||
Stifel analyst Daniel Schwarz emphasized the profit margins for individual brands that is above the expectations. He noted that Audi profit margin of 12-14% is above the previous range of 9-11% while VW core brand planned margin is 6.5%, above the previously mentioned<ref>https://www.marketscreener.com/quote/stock/VOLKSWAGEN-AG-436737/news/SHARES-FLASH-Volkswagen-in-demand-HB-with-details-on-restructuring-44090081/</ref>. | |||
March 3, 2023: Volkswagen Group 2022 revenue came in-line with analysts estimates. Revenue was EUR 279.2 billion (+12% year-on-year) versus analysts estimate of EUR 278.37 billion (+11.3% year-on-year). Similarly, operating profit margin came in at 8.1%, as forecasted in the latest guidance. Volkswagen said its order bank remains strong at 1.8 million vehicles. It sees supply bottlenecks easing gradually in 2023. As such, the company gave revenue guidance for 2023 that exceeds Yahoo Finance analysts estimate. Volkswagen expects this year's revenue to grow by 12.5% at the mid-point to reach EUR 319 billion, above analyst's estimate of EUR 281.84 billion(+0.94% y/y). It also expects deliveries to reach 9.5 million vehicles in 2023. That is growth of 15% in deliveries compared to the prior year. Meanwhile operating margin is to come in between 7.5 and 8.5%. In light of the results, the management is proposing a dividend of EUR 8.70( +16% y/y) per ordinary share and EUR 8.76(+15.9% y/y) per preferred share<ref>https://www.volkswagen-newsroom.com/en/press-releases/volkswagen-group-achieves-solid-annual-results-significant-increase-in-deliveries-expected-in-2023-15551</ref>. | March 3, 2023: Volkswagen Group 2022 revenue came in-line with analysts estimates. Revenue was EUR 279.2 billion (+12% year-on-year) versus analysts estimate of EUR 278.37 billion (+11.3% year-on-year). Similarly, operating profit margin came in at 8.1%, as forecasted in the latest guidance. Volkswagen said its order bank remains strong at 1.8 million vehicles. It sees supply bottlenecks easing gradually in 2023. As such, the company gave revenue guidance for 2023 that exceeds Yahoo Finance analysts estimate. Volkswagen expects this year's revenue to grow by 12.5% at the mid-point to reach EUR 319 billion, above analyst's estimate of EUR 281.84 billion(+0.94% y/y). It also expects deliveries to reach 9.5 million vehicles in 2023. That is growth of 15% in deliveries compared to the prior year. Meanwhile operating margin is to come in between 7.5 and 8.5%. In light of the results, the management is proposing a dividend of EUR 8.70( +16% y/y) per ordinary share and EUR 8.76(+15.9% y/y) per preferred share<ref>https://www.volkswagen-newsroom.com/en/press-releases/volkswagen-group-achieves-solid-annual-results-significant-increase-in-deliveries-expected-in-2023-15551</ref>. | ||