Volkswagen Group: 2023 Financial Results and Future Prospects
Volkswagen Group is a major automotive manufacturer that includes prestigious brands such as Audi, Bugatti, Seat, Skoda and Porsche. It has announced its financial results for 2023 and revealed its expectations for the future. In this article, we will examine the Volkswagen Group's financial performance in 2023 in detail and discuss its targets for 2024.
Sales Revenues for 2023
Volkswagen Group in 2023 322,28 billion euros It attracted attention with its sales revenue. For 2024, this figure will be 0,7 with increase For 324,65 billion euros This increase is an indication of the group's strategic steps towards strengthening its position in the market.
Operating Profit and Net Profit Decreases
By 2023, Volkswagen Group's operating profit will increase by XNUMX% compared to the previous year 15,4 down 19,06 billion euros In addition, net profit has increased by 1 percent 31 with the decline For 12,4 billion euros The main reasons for these declines include restructuring costs and the decline in sales, especially in the Chinese market.
Decline in Profit Margin
The company's profit margin is expected to be 2023 percent 7 While this rate will increase to 2024% in XNUMX 5,9 This situation stands out as a factor that will require significant changes in the company's financial structure and may affect its competitiveness.
Production Capacity and Sales Performance
Volkswagen Group expects vehicle deliveries to increase by 2023 compared to the previous year 3,11 down 9,037 million The sharp decline in sales in Europe and China has caused the group to significantly reduce its production capacity. This both increases costs and negatively affects market share.
New Vehicle Releases and Sales Expectations
Volkswagen Group for 2024 30 new vehicle With these new models, sales are expected to increase by 10% 5 It is expected to increase by . The company aims to increase its market share with these strategic moves.
Shareholders and Dividend Payments
The company's management has planned to increase dividend payments to shareholders by 2024 compared to 2023. 30 This decision is part of the company’s efforts to manage costs and protect its financial health.
Employee Bonus and Termination Plans
Within the scope of the collective labor agreement in Germany, the 120 bonus of 2024 thousand employees will be increased by XNUMX% compared to the previous year. 1,4 with increase 4 thousand 799 euros Volkswagen implemented one of the most drastic austerity measures in recent years, aiming to finance its investments and increase its profit per vehicle sold in Germany. Laying off 35 thousand people plans.
Conclusion
The Volkswagen Group continues to take strategic steps against the challenging conditions in the automotive market with its 2023 financial results and 2024 targets. Although restructuring costs and declines in the Chinese market have affected the company's financial performance, new vehicle launches and sales growth expectations indicate future growth potential. The Group's cost management and workforce planning play an important role in this difficult period.
