VW boss Oliver Blume
“It’s like the gym,” says the manager.
(Photo: dpa)
Volkswagen gives itself concrete growth and return targets for the coming years in order to cover the costs of restructuring the group. The group wants to increase sales by five to seven percent every year until 2027, according to the presentation for the capital market on Wednesday.
Growth is planned for the time thereafter, which is based on the development of the industry. Volkswagen has set a target of between eight and ten percent for the operating return by 2027. By the end of the decade, the range was raised to nine to eleven percent. In 2022, the operating return before special items was 8.1 percent. Volkswagen intends to grow primarily in China and North America.
For the first time, the brand groups received their own return targets in order to raise the group as a whole to a higher level, explained CEO Oliver Blume and CFO Arno Antlitz during a telephone conference with journalists in the run-up to the analysts’ meeting.