Volkswagen's net profit for 2022 published

14:53 - 8 February 2023

February 8, Fineko/abc.az. Volkswagen's net profit amounted to 22.5 bn euro in 2022.

ABC.AZ reports that according to Volkswagen AG, the profit margin for 2022 was at the upper limit of its forecast range, reaching 8.1%.

At that, sales and profit exceeded the levels of 2021, despite logistics problems, due to which company's net cash flow was significantly below the target level.

Sales amounted to about 279 bn euro compared with 250.2 bn euro in 2021.

Volkswagen said in January that the outlook for 2023 remained weak due to weak economy and supply problems.