The Volkswagen Group has announced an optimistic outlook for 2024, projecting sales revenue to exceed the previous year’s figure by up to 5%. The company also anticipates a robust operating return on sales for both the Volkswagen Group and the Passenger Cars Business Area, expected to range between 6.5% and 7%.
The forecasted revenue growth reflects Volkswagen’s continued efforts to expand its market presence and enhance its product offerings. The company’s strategic focus on electrification, digitalization, and sustainability has positioned it well for future growth, despite the challenging economic environment.
Key Financial Projections for 2024:
- Sales Revenue: Volkswagen Group expects sales revenue to increase by up to 5% compared to 2023, driven by strong demand for its innovative and sustainable vehicle lineup.
- Operating Return on Sales: The operating return on sales for the Volkswagen Group and the Passenger Cars Business Area is forecasted to be between 6.5% and 7%, indicating healthy profitability and efficient operational management.
Volkswagen Group CEO Oliver Blume commented, “We are confident in our ability to achieve significant growth in 2024, thanks to our strategic investments in key areas such as electric mobility and digital transformation. Our focus remains on delivering value to our customers and shareholders while contributing to a sustainable future.”
The positive outlook for 2024 underscores Volkswagen’s resilience and adaptability in an evolving automotive landscape. With a strong emphasis on innovation and customer satisfaction, the Volkswagen Group is well-positioned to capitalize on emerging opportunities and maintain its competitive edge.
