The Volkswagen Group said on Tuesday that its revenue for 2022 landed at €279 billion, jumping 11.6% compared to a year earlier. The figure represents a total of 8.5 million units sold in the same time frame.
Operating profit before special items for the 12 months increased by 12% to €22.5 billion, and earnings after tax increased by 2.6% to €15.8 billion. The company sees a challenging outlook for 2023. However, they expect car sales to increase considerably compared to 2022, expecting an increase in group profits of between 10 and 15% with a total of 9.5 million units sold.
"We are pleased that we can let you, our shareholders, share this success," said CEO Oliver Blume. "The Board of Management and Supervisory Board propose a dividend of €8.70 per ordinary share and €8.76 per preferred share, a year-over-year increase of €1.20 per ordinary and preferred share, respectively."
