the car group volkswagen Earned last year an after-tax profit (net profit) of 15,428 million euros, which represents an increase of 74.8% compared to 2020 and far exceeds the 13,346 million it earned in 2019, the last year before the pandemic. This exponential increase in profits was possible, as explained by the manufacturer, thanks to the improvement of the product mix and more favorable prices. Thus, the company obtained a operating margin of its sales of 7.7%almost double what it achieved in the previous year, when that percentage stood at 4.3%.
For its part, the company’s turnover grew to 250,220 million euros, which represents an increase of 12.3% compared to its sales revenue for 2020. In addition, Volkswagen doubled its operating profit before taxes to 19,275 million euros, 99.2% more than the 9,675 million earned in the previous year.
VW achieved all these good numbers despite the fact that its car deliveries fell by 4.5% in 2021 compared to a year earlier, a year in which the company had already suffered a sharp collapse due to the pandemic. In total, since 2019, the German manufacturer has lost 2.4 million sales in the world (600,000 of them in 2021 alone). For this exercise, Volkswagen plans to increase its registrations between 5% and 10% compared to last year, when it sold 8.88 million units, falling behind Toyota, which sold 10.49 million vehicles.
“This forecast is made under the assumption that the pandemic will not have more waves again and that the shortage of intermediate products and commodities It will be less intense. Fiscal year 2022 will continue to be affected by supply shortages due to structural shortages of semiconductors. Semiconductor supply is expected to improve in the second half of the year, compared to the first half,” the company said.
In this sense, the manufacturer expects its sales revenue to rise between 8% and 13% compared to 2021. As for its operating margin, Volkswagen forecasts that it will be between 7% and 8.5%.
The American car manufacturer Ford announced this Monday that the new crossover The electric car that will be launched on the market in 2023 will be based on the Volkswagen group’s MEB electric car platform. In turn, in the following exercise, you will launch a new model that will also be assembled with this platform. In this way, Ford plans to produce annually in Cologne, Germany, a total of 1.2 million electric cars based on the MEB platform within a period of six years. “Cost-effectiveness and speed are now crucial to finally advancing electric mobility in Europe. We are tackling both challenges together with Ford. Today’s agreement will further accelerate the electrification of the two companies. This is also proof of the strengths of the MEB platform, which offers a unique set of high technology, competitive costs and speed in the execution of projects. The electrical platform is therefore the ideal solution for companies seeking to accelerate their electrification”, said Thomas Schmall, head of technology of the executive committee of the Volkswagen group.