Volkswagen with a profit of ten billion euros in the first half.  High frequency and sports makes business grow – Economy

Volkswagen with a profit of ten billion euros in the first half. High frequency and sports makes business grow – Economy


Volkswagen reported today that turnover grew by 2% between January and June, to 132,285 million euros, after sales of more expensive, high-end and sports cars.

Operating income reached 12,828 million (+13%), with a sales volume of 9.7%.

Sales of electric vehicles reached 217,000 units in the first half of the year, up 27%.

However, overall sales declined in the first half (22.4% down) after sharp declines were recorded in all regions for all brands except Lamborghini and Bentley.

Volkswagen’s chief financial officer Arno Antylitz said in the presentation of the figures that “despite unprecedented challenges in the world, the group has shown great financial strength”.

The Volkswagen Group confirmed the forecast for 2022, hoping that the second half of the year “will be good and the problems will be better” regarding the supply of semiconductors and cables.

Volkswagen said the cable distribution is at a level it considers “normal”.

The report does not give the exact impact of Russia’s invasion of Ukraine and the Covid-19 pandemic, but refers to the “uncertainty” in Europe about energy supplies.

“Despite the caveats surrounding market volatility and geopolitical risks, we are confident that we can accelerate the evolution of the union,” said Antlitz.