Volkswagen Group China Strategy and BEV Outlook
VOLKSWAGEN
Volkswagen Group Q2 - Analysis by Brand and Business Field
GROUP
VEHICLE SALES (`000)
SALES REVENUE (€ m)
OPERATING RESULT (€ m)
OPERATING MARGIN (%)
Q2 2023
Q2 2022
Q2 2023
Q2 2022
Q2 2023
Q2 20221
Q2 2023
Q2 20221
Brand Group Core
Volkswagen Passenger Cars
ŠKODA
SEAT
Volkswagen Commercial Vehicles
Tech. Components
Consolidation
Brand Group Progressive (Audi)
1,257
1,038
35,601
28,649
2,031
1,769
5.7
6.2
792
681
22,495
18,444
1,033
1,347
4.6
7.3
270
216
6,954
5,122
369
339
5.3
6.6
163
129
3,849
2,973
227
-102
5.9
-3.4
108
80
3,819
2,752
277
140
7.3
5.1
6,064
4,533
201
4
3.3
0.1
-76
-69
-7,579
-5,174
-76
41
332
269
17,286
15,588
1,601
1,430
9.3
9.2
Brand Group Sport Luxury (Porsche Automotive ) 2
86
83
9,559
9,108
1,926
1,904
20.1
20.9
CARIAD
160
139
-659
-562
Battery
-109
TRATON Commercial Vehicles
84
70
11,393
9,261
923
286
8.1
3.1
MAN Energy Solutions
974
871
107
76
11.0
8.7
At equity accounted companies in China 3
744
665
Volkswagen Financial Services
12,132
10,990
774
1,474
6.4
13.4
Other4
-178
-113
-7,047
-5,106
-996
-1,648
Volkswagen Group before special items
5,600
4,722
Special Items
-230
Volkswagen Group
2,324
2,011
80,059
69,500
5,600
4,491
7.0
6.5
thereof:
Automotive Division 5
2,324
2,011
67,106
57,856
4,537
2,942
6.8
5.1
Of which: Passenger Cars Business Area
Commercial Vehicles Business Area
Power Engineering Business Area
Financial Services Division
2,240
84
1,941
70
54,739
47,724
3,507
2,579
6.4
5.4
11,393
974
12,953
9,261
924
288
8.1
3.1
871
11,644
106
75
10.9
8.6
1,062
1,550
8.2
13.3
1. Previous year adjusted (IFRS 17) 12. Porsche (including Financial Services): sales revenue € 10,529 (9,879) million, operating result € 2,012 (2,013) million 13. The sales revenue and operating result of the equity-accounted companies in China are not included in the consolidated figures; the share of the operating result
generated by these companies amounted to € 527 (578) million 14. In the operating result, mainly intragroup items recognized in profit or loss, in particular from the elimination of intercompany profits; the figure includes depreciation and amortization of identifiable assets as part of purchase price allocation, as well as companies
not allocated to the brands I 5. Including allocation of consolidation adjustments between the Automotive and Financial Services divisions.
37View entire presentation