VisionMission

We're the CORE of VW Group

The CORE Community

The most desirable brands for our customers. With top technology at competitive costs.

Strong brands, one efficient and effective engine.

200,000

24

>50

Employees

Plants

Model ranges

in Europe

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Strategic priorities

New governance with clear responsibilities

Clear differentiation across brands

Focus on costs & capital efficiency

Synergies, impact as a brand group

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Highlights in 2023

New Tiguan

Bus Festival

ID.2all

ID.Buzz LWB

Škoda in Vietnam

DarkRebel

New Kodiaq

Tavascan

CUPRA DarkRebel, CUPRA Raval - Concept cars, not for sale yet

INTERNAL

Synergy family BETA+

Our first lighthouse project

Volkswagen Passat

Škoda Superb

Passat Elegance 2.0 l TDI SCR 110kW (150PS) - Power consumption in kWh/100 km: combined 5.4-5.0 l/100km;

CO₂-emissions combined in g/km: combined 143-131 l. Information on consumption and CO₂ emissions, shown in ranges, depends on the selected vehicle equipment.

Synergy family Small-BEV

Our next big milestone

Tomorrow 10 a.m.

Concept cars, not for sale yet

+

6Core Driver

#1

#2

Reduction of Complexity

Competitiveness EV

Reduction of software variants

Software, Battery, Architecture, platforms

#3

Competitive Cost Structures

Time-to-market

#4 Match cost structures of the competition

Faster in hardware and software

#5

Growth

Optimization Sales Costs

#6 Volume growth to profit from scale effects

Sales costs reduction & new sales formats

+

Culture & Governance

Adapt our culture and governance

to tackle the future

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Brand Group Core Financial performance

FY 2022 1 vs. FY 2023

Vehicle

Sales2

[mill. units]

+19%

4.1

4.8

2022

2023

Sales

Revenue

[€ bn]

+21%

113.8

137.8

2022

2023

Operating Profit3

[€ bn]

+80%

7.3

4.0

2022

2023

RoS3

[%]

+1.7pp.

5.3

3.6

2022

2023

Net Cash

Flow

[€ bn]

5.6

1.1

2022

2023

1 previous year adjusted (IFRS17)

2 without China business

3 before special items

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Disclaimer

Volkswagen AG published this content on 14 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 March 2024 16:50:10 UTC.