VW-1.24%
VW keeps 2022 outlook as supply chains improve
German carmaker Volkswagen reported on Thursday its revenue inched up by 2% in the first half of 2022 compared to the same period a year ago to reach €132.3 billion. The company's electric vehicle deliveries soared by 27%, with the European market leading the expansion with a 40% increase.
"Despite unprecedented global challenges, Volkswagen has demonstrated remarkable financial robustness. The operating margin in the first half of the year reflects the strong product substance and proportionately higher sales in the premium segment. In addition, the volume group has proven that it can deliver good results even in a challenging environment," CFO Arno Antlitz commented on the figures.
Volkswagen said it delivered 1.98 million units to customers, with operating results improving 12.9% in the first six months of 2022 and earnings after tax surging 25.8% to 8.45 billion.