Volkswagen:Quarterly Results/2022 Q4: Difference between revisions

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== Results ==
== Results ==
Earnings 279 billion euros 8.7% Y/Y growth at lower end of Q3 2022 Guidance Range of 8-13% Y/Y growth.  
Volkswagen Group 2022 revenue came in in-line with analysts estimates and slightly below the management upper guidance. Revenue was EUR 279.2 billion (+12% year-on-year) versus analysts estimate of EUR 278.37 billion (+11.3% year-on-year) and management upper guidance of EUR 282.7 billion(+13% year-on-year).  


Operating Profit and operating profit margin were 22.5 billion euros and 8.1% respectively.
Operating Profit and operating profit margin were 22.5 billion euros and 8.1% respectively. Operating profit margin was above the mid-point guidance of 7.75%.


The company gave revenue guidance for 2023 that exceeds Yahoo Finance analysts estimate as it expects supply bottlenecks to gradually ease. 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).
The company gave revenue guidance for 2023 that exceeds Yahoo Finance analysts estimate as it expects supply bottlenecks to gradually ease. 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).
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== Expectations ==
== Expectations ==
==== Management Guidance<ref>https://www.volkswagenag.com/presence/investorrelation/publications/interim-reports/2022/Q3_2022_e.pdf (page 32)</ref> ====
{| class="wikitable"
!Key items
!2022
!Y/y growth
|-
|Revenue
|EUR 270.2-282.7 billion
|8-13%
|-
|Operating profit margin
|EUR 18.9-24.0 billion
|7-8.5%
|}
==== Analysts estimates ====
{| class="wikitable"
!Key items
!2022
!Y/y growth
!2023
!Y/y growth
|-
|Revenue<ref>https://finance.yahoo.com/quote/VOW.DE/analysis/</ref>
|EUR 278.37 billion
|11.3%
|EUR 281.84 billion
|0.94%
|}


== Competitor expectations and results ==
== Competitor expectations and results ==