Volkswagen Delivered 3.8 Million Vehicles Worldwide In The First 9-months, Earns 55.5 Billion Euros

Volkswagen delivered 3.8 million vehicles to customers worldwide in the first nine months (+3.3%).

The German Autogiant saw sales revenue of EUR 55.5 billion and operating profit of EUR 1.6 billion.

Volkswagen Q3 earnings impacted by massive semiconductor shortage.

Production losses impact Q3 deliveries and operating profit (EUR -184 million) as expected. 

Volkswagen says it delivered around 3.8 million vehicles to customers worldwide in the first nine months of 2021, an increase of +3.3%, compared with the prior-year period.

From January to September end, sales revenue grew to EUR 55.5 billion (+18%) and the operating profit increased by EUR 2.6 billion year on year to EUR 1.6 billion (operating return on sales: +2.9%).

As expected, the third quarter was impacted by the difficult semiconductor situation, where the operating profit was EUR -184 million. During this period, Volkswagen delivered around 1.1 million (-26%) vehicles to customers worldwide.

The demand for Volkswagen vehicles remains strong and orders reached a historically high level in the third quarter.

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Volkswagen Board Member for Sales Klaus Zellmer:

“We currently have orders for almost half a million cars from Europe alone.”

Volkswagen is the market leader for all-electric vehicles in Europe. The automaker set a new record during the first nine months with the delivery of 167,800 BEVs (+169%) and 86,900 PHEVs (+98%).

Volkswagen CFO Alexander Seitz:

“Despite massive challenges, our performance in the first nine months of 2021 improved on the prior-year period.

Due to enormous production losses, it was not possible to mitigate the impact of the semiconductor shortage in Q3. We anticipate a significantly positive Q4 performance compared with Q3.”

• See Also : Audi Delivered 1.3 Million Cars, Makes €40.4 Billion From January To September Despite Chips Crisis