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Volkswagen's 2023 sales outlook blows past forecast, shares soar

Volkswagen expects sales to rise to as much as 331 billion euros in 2023, sending shares to their highest level in three and a half months. Operating return on sales is expected to be in the range of 7.5-8.5%, dividend to rise by 1.20 euros per share for 2022.

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  • Volkswagen expects sales to rise to as much as 331 billion euros in 2023.
  • VW shares closed 10.6% higher, their highest level since Nov. 16.
  • VW forecast sales to grow by 10-15%, higher than the 280 billion Refinitiv estimate.
  • Operating return on sales expected to be in the range of 7.5-8.5%, dividend to rise by 1.20 euros per share for 2022.
Volkswagen's 2023 sales outlook blows past forecast, shares soar
Volkswagen said on Friday that it expects supply chain issues to ease and sales to rise to as much as 331 billion euros ($352 billion) in 2023, sending shares in Europe's top carmaker to their highest level in three and a half months.
Reuters

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