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Annual Report & Full Year Results 2023

The Volkswagen Group Annual Media, Analyst and Investor Conference took place on March 13, 2024 in Berlin.

Portrait of Oliver Blume, CEO Volkswagen Group
“In 2023, we have established a solid foundation. We are aware of our current challenges and are tackling them rigorously in order to leverage the enormous potential of the Volkswagen Group. With inspiring products, a consistent strategy and a clear focus on implementation, we are looking forward to the 2024 financial year with confidence. The Volkswagen Group is entering the long-distance race of transformation from a position of strength.”
Oliver Blume CEO Volkswagen Group
Portrait of Oliver Blume, CEO Volkswagen Group
Picture in front of a stone wall of the CFO and COO of the Volkswagen Group
“In a challenging environment, Volkswagen Group delivered robust results in 2023. That is what we want to build on this year. To ensure that we remain successful sustainably, we will focus in 2024 on ramping up new vehicles, reducing costs, making greater use of synergies within the Group, and establishing more robust regional positioning also by continuing to grow profitably in North America.”
Arno Antlitz CFO und COO Volkswagen Group
Picture in front of a stone wall of the CFO and COO of the Volkswagen Group

Volkswagen Group delivers robust 2023 results - Performance programs and record number of new product launches stabilize future development

  • Robust financial results for 2023 show that the Group delivers reliably in a challenging environment
  • All brand groups contributed to the operating profit of EUR 22.6 billion; operating profit reached EUR 25.8 billion, when adjusted for valuation effects in particular from commodity hedging
  • 2023 was a year of restructuring, with consistent implementation of the TOP-10 program
  • Comprehensive earnings programs launched; debut of the all-electric premium platform PPE and a record number of model premieres inspire confidence for 2024
  • With regenerate+, the Group is establishing a holistic sustainability strategy and assuming social responsibility
To press release

Highlights

9.4
million VEHICLE SALES
+10 %
322.3
EUR billion SALES REVENUE
+15 %
22.6
EUR billion OPERATING RESULT*
At previous year's level, *BEFORE SPECIAL ITEMS

Annual Media Conference 2024

at 9:00 a.m. CET hosted by

  • Oliver Blume, CEO
  • Arno Antlitz, CFO & COO
Recording Volkswagen Group Annual Media Conference

Analyst and Investor Conference 2024

at 11:30 a.m. CET hosted by

  • Oliver Blume, CEO
  • Arno Antlitz, CFO & COO
Recording of Analyst and Investor Full Year Results Conference 2024
Person leaning on a car watching a sunset over a mountain landscape with wind turbines; the image is titled 'regenerate+'.

regenerate+

More information on regenerate+

The Volkswagen Group stands for tradition, for strong brands, for driving developments and mastering challenges. Now we are shaping the biggest transformation in our company's history: providing sustainable mobility for generations. And as a responsible company, we have a duty to create and maintain value and move what matters most.

This is what Volkswagen will do to become a nature and society positive mobility provider.

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Two men in business attire standing next to a classic and a modern Volkswagen car at a press conference.
Arno Antlitz, CFO and COO Volkswagen Group and Oliver Blume, CEO Volkswagen Group
A businessman presenting financial results on a large digital display.
Oliver Blume, CEO Volkswagen Group, speaks at the Volkswagen Group Annual Media, Analyst and Investor Conference in Berlin
A businessman presenting in front of a blue background with the text "30+ WORLD PREMIERES 2024".
Oliver Blume, CEO Volkswagen Group, speaks at the Volkswagen Group Annual Media, Analyst and Investor Conference in Berlin
A speaker stands in front of a screen displaying various brands of the Volkswagen Group under the title "GREAT BRANDS".
Oliver Blume, CEO Volkswagen Group, speaks at the Volkswagen Group Annual Media, Analyst and Investor Conference in Berlin
A man on stage presenting a chart on the strategic direction of the Volkswagen Group.
Arno Antlitz, CFO and COO Volkswagen Group, speaks at the Volkswagen Group Annual Media, Analyst and Investor Conference in Berlin
A man on stage presenting vehicle sales and sales revenue figures in front of a large display board.
Arno Antlitz, CFO and COO Volkswagen Group, speaks at the Volkswagen Group Annual Media, Analyst and Investor Conference in Berlin

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