Volkswagen confirmed this Wednesday (4) that it had an operating profit before extraordinary items of 8.5 billion euros in the first quarter of 2022, a value 77% higher than the gain of 4.8 billion in the same period of the year. past.
In the same comparison, the operating margin on sales increased from 7.7% to 13.5%. The numbers had already been anticipated in April.
The German automaker also said its revenue totaled €62.74 billion between January and March, similar to €62.38 billion a year earlier.
Profit after tax almost doubled to €6.72 billion.
For 2022, Volkswagen confirmed its forecast that revenue will grow between 8% to 13%, with an operating return of 7% to 8.5%.
“However, it is not yet possible to conclusively assess the specific effects of the latest developments in the conflict between Russia and Ukraine or the effects of the Covid-19 pandemic,” the company warned.
At around 7:10 am (GMT), Volkswagen’s common stock was down 0.88% on the Frankfurt Stock Exchange.
Source: CNN Brasil
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