Volkswagen once again asked the most profitable car prices in China accounted for 1/3 of the world's profits
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Author:demingcn
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Published time: 2014-03-18
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Recently, the Volkswagen Group reported revenue for fiscal year 2013, when the sales revenue of 197 billion euros, an increase of 2.2%; operating profit rose slightly to achieve a record 11.7 billion euros.
Recently, the Volkswagen Group reported revenue for fiscal year 2013, when the sales revenue of 197.0 billion euros, an increase of 2.2%; operating profit rose slightly to achieve a record 11.7 billion euros.
Reporters noted that with Volkswagen sales of 9.7 million units in 2013, ranking third, the group sales revenue and operating profit in 2013 or both will be higher than the global sales champion Toyota.
In addition, Volkswagen's after-tax profit in 2013 was 9.1 billion euros (78.07 billion yuan). Toyota Motor Corp.'s net profit in 2013 was 1.26 times of the consensus of 5.2 billion U.S. dollars (32.125 billion yuan) and Volkswagen once again became the world's most profitable auto group.
According to foreign media reports, last year, Porsche average sales of a car for the profit of 23,000 US dollars (14,2091.7 yuan), net profit reached 18%. This compares favorably with Volkswagen's Audi, Bentley and Lamborghini, while the VW brand has a profit margin of $ 850 (5251.2 RMB) per vehicle and Toyota Motorcycle profits of € 1,587.
Volkswagen Group plunged 60% of net profit
In 2013, the Volkswagen Group delivered 9.7 million vehicles worldwide, an increase of 4.9% from the same period of the previous year and achieved a sales revenue of 197.0 billion euros, an increase of 2.2%. Operating profit rose slightly to a record 11.7 billion euros.
In contrast, Volkswagen Group's pretax after-tax profits dropped sharply year-on-year, basically being "cut back" and its financial revenues were as low as 5.7% in 2012. Volkswagen explained that the 2012 financial figures were affected by Volkswagen Group's earnings estimates for Porsche (2012 revenue of 12.3 billion euros). Volkswagen Group's merger Porsche-related estimates also have a positive impact on 2012 pre-tax profit.
However, Volkswagen achieved a 14.5% return on investment last year, well above the required minimum return on investment of 9%, and the financial services interest-before-interest rate rose slightly to 14.3% (2012: 13.1%).
Net operating liquidity in the automotive business remained solid due to the strong business model and net cash flow of up to EUR 4.4 billion, reaching EUR16.9 billion (EUR10.6 billion at the end of 2012) by the end of December 2013. This gives the Volkswagen Group essential financial stability and flexibility to enable it to maintain profitable growth and to continue and systematically implement the 2018 strategy.
Profit in China accounted for more than 1/3 of the world
In 2013, FAW-Volkswagen and Shanghai Volkswagen, two joint ventures in China, sold 3.27 million units a year, with sales up by 16.2%. Operating profit in 2013 rose to 4.3 billion euros, an increase of 16% over the same period of previous year, accounting for a global profit 1/3 more.
It is understood that in 2013 only the sales volume of Volkswagen's core brands increased by 16.6% to 2.51 million. In 2013, Audi sold 492,000 sets in China, up 21.2% YoY, further establishing its leading position in China's high-end market. Porsche delivered cumulative sales of 37,400 vehicles in China, up 19.9% over the same period of last year. However, Volkswagen's Skoda suffered a setback in China with sales of 227,000 units in China in 2013, down from 2012 levels.
