According to preliminary data, Volkswagen increased operating profit and sales last year

Volkswagen increased operating profit and sales last year according to preliminary data< /p> Volkswagen logo – illustration photo.

Wolfsburg – The German automobile concern Volkswagen last year increased its operating profit excluding extraordinary items to 22.5 billion euros (535 billion CZK) from roughly 20 billion euros in the previous year. This follows from the preliminary results that the company published last night. Volkswagen is the largest car manufacturer in Europe, which also includes Škoda Auto.

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Volkswagen's sales last year rose to 279 billion euros from roughly 250 billion the previous year, according to preliminary data. The company intends to publish the complete results for last year on March 14.

According to the DPA agency, last year's growth in sales was probably due to higher sales prices of vehicles. Volkswagen announced in January that its total sales last year fell by seven percent to 8.3 million cars. Škoda Auto itself reported a drop in sales of almost 17 percent to 731,300 cars.

Volkswagen struggled last year with a persistent shortage of chips and other components as well as an increase in energy prices. In January, the company warned that its outlook for this year continues to be overshadowed by problems in supply chains and a weak macroeconomic outlook.

The Volkswagen Group includes a number of other brands in addition to Škoda. In addition to the flagship brand VW, there are, for example, Audi, Porsche, Seat, Bentley and Lamborghini.