Volkswagen:Quarterly Results/2022 Q4: Difference between revisions

Volkswagen:Quarterly Results/2022 Q4 (view source)

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 === [https://seekingalpha.com/article/4587302-volkswagen-ag-vwagy-q4-2022-earnings-call-transcript Highlights from the conference call transcript] ===
+-CFO Arno Antlitz:
+"Our sales volumes were at the weak level of the previous year due to various restrictions and distortions in the supply chain and the continued shortage of semiconductors. "
+"We had to absorb write-downs in connection with the closure of our business in Russia in the order of €2 billion and the cost associated with the very successful IPO of Porsche amounted to around €0.5 billion."
+"Raw material costs for steel, aluminum or battery raw materials have become considerably more expensive compared to 2021. For the year as a whole, the resulting increase in product cost had a negative impact of almost €8 billion on the operating profit."
+"Important core economic indicators such as growth prospects in the individual regions, our expected inflation rates remain challenging. On the other hand, we expect that in 2023, the structural shortage of semiconductors will improve and the supply with raw materials and logistics will gradually stabilize. The latter one is within our clear focus."
 == Assessment ==