Volkswagen Q3 Report 2022

In the first three quarters of 2022, the Volkswagen Group generated sales revenue of €203.0 (186.6) billion, up distinctly on the prior-year level. Improved price positioning, positive mix and exchange rate effects and the good business performance of the Financial Services Division were set against the fact that vehicle availability continued to be limited due to parts supply shortages. Navistar is included in the Group’s sales revenue in an amount of €7.8 (1.7) billion; the company has been consolidated since July 1, 2021. In the reporting period, the Volkswagen Group generated 82.6 (82.7)% of its sales revenue abroad. Gross profit improved to €39.2 (33.8) billion. The gross margin increased to 19.3 (18.1)%.

At €17.5 billion, the Volkswagen Group’s operating result before special items exceeded the prior-year figure by
€3.3 billion in the period from January to September 2022. The operating return on sales before special items climbed to 8.6 (7.6)%. Positive effects resulted mainly from the price positioning and the mix. The Financial Services Division’s good business performance and positive effects of €0.7 billion from derivatives in the Financial Services Division to which hedge accounting is not applied (interest rate hedges) contributed to higher Group earnings.