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== Results == | == Results == | ||
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 == |