The company’s “core” portfolio of (general) brands Volkswagen Groupwhich includes Volkswagen, Škoda, Seat, Cupra and Volkswagen Commercial Vehicles, is the mainstay of the German manufacturer’s development: in the first half of 2023, its turnover increased by 30%, to 68.76 billion euroscompared to €53.01 billion in the first half of 2022.

“The strong performance recorded by the Core Group of Brands during the first half of 2023 confirms this: we are on the right track to achieve greater efficiency and profitability, even if we are still far from achieving our goals. The core group of brands still has great potential. This is the main element of the Group’s management for today and tomorrow”– said Thomas Schaefer, member of the board responsible for the group of main brands of the Volkswagen concern.

A solid first half of 2023 for the Volkswagen Group

As a result, the Volkswagen Group of Universal Brands recorded a 42.5% increase in operating profit, excluding non-recurring items, to 3.77 billion euros in the first 6 months of 2023, compared to 2.65 billion euros in the same period . previous year

Sales of VW’s core brands posted 25% growth from 1.96 million vehicles sold in the first half of 2022 to 2.45 million cars were sold for the same period of 2023. In total, 3.12 million cars were delivered to customers during this period.

Volkswagen Group sales for universal brands

Learn more about the brand volkswagen sales rose 25% to 1.52 million copies in the first half of 2023, compared to 1.22 million in 2022. Turnover also rose to €42.95 billion in 2023, up from €33.32 billion in the first half of 2022. Operating margin remained at 3.8%, down 1.8 percentage points.

On the side of the house Skoda, the Czech manufacturer delivered 432,173 vehicles in the first half of the year, an increase of +19.9%, and recorded a turnover of 13.75 billion euros, which is 34.5% more than in 2022. Operating income excluding non-recurring items increased by 34.8% to 911 million euros. Operating profitability is 6.6%.

Seat and Cupra sold 317,395 units in the first half of the year, a dramatic increase of 35%, with a new all-time sales record for a half year. Its operating profit was 371 million euros, while its operating margin rose by 5.0%, with turnover of 7.41 billion euros, an increase of 37.8%.

On the side Volkswagen commercial vehiclesIn the first half of 2023, 211,747 cars were sold, which is 38% more. Turnover also rose 47% to nearly €7.42 billion, and first-half operating profit was €448 million, up from €187 million last year. Finally, operating margin increased to 6.0% in 2023 compared to 3.7% in the first half of 2022.

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