German automotive manufacturer Volkswagen (VW) Group increased its profit before special items by 77 percent to 8.5 billion euros in the January-March period, despite the Ukraine war and epidemic restrictions in China.
VW Group, which also includes Audi, Bugatti, Seat, Skoda and Porsche brands, announced its pioneering financial results for the first quarter of the year.
Accordingly, the group's profit before special items, which was 4.8 billion euros in the January-March period last year, stopped production due to the supply shortage caused by the Ukraine war and Kovid-19 restrictions in China, with an increase of 77 percent in the first quarter of this year to 8.5 billion. became euro.
The group's vehicle deliveries in the first quarter, on the other hand, decreased by 21.9 percent compared to the same period of the previous year and decreased to approximately 1.9 million.
On the other hand, deliveries of all-electric vehicles increased by 65 percent in the first quarter, reaching 99,100. It was noteworthy that the sales of electric vehicles in China increased by 365.5% and reached 28 thousand 800.
Volkswagen also announced that the continuing impact of the new type of coronavirus (Kovid-19) epidemic, the Ukraine war and unpredictable commodity markets will adversely affect the future activities of the company.
Despite this, the German manufacturer expects vehicle sales to increase by 8 to 13 percent this year.
Other German automakers BMW and Mercedes-Benz reported last week that vehicle deliveries fell 6.2 percent and 15 percent, respectively, in the first quarter.
Volkswagen will announce detailed results for the first quarter on May 4.
Comments
No comment yet.