1. Sales revenue
€ million |
|
Passenger Cars and Light Commercial Vehicles |
|
Commercial Vehicles |
|
Power Engineering |
|
Financial Services |
|
Total Segments |
|
Reconciliation |
|
Volkswagen Group |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Vehicles |
|
191,217 |
|
31,224 |
|
– |
|
– |
|
222,441 |
|
−19,325 |
|
203,115 |
Genuine parts |
|
16,171 |
|
6,854 |
|
– |
|
– |
|
23,025 |
|
−196 |
|
22,829 |
Used vehicles and third-party products |
|
12,977 |
|
2,560 |
|
– |
|
22,897 |
|
38,434 |
|
−4,598 |
|
33,836 |
Engines, powertrains and parts deliveries |
|
12,659 |
|
1,010 |
|
– |
|
– |
|
13,669 |
|
−71 |
|
13,598 |
Power Engineering |
|
– |
|
– |
|
4,044 |
|
– |
|
4,044 |
|
−1 |
|
4,043 |
Motorcycles |
|
890 |
|
– |
|
– |
|
– |
|
890 |
|
– |
|
890 |
Leasing business |
|
918 |
|
1,575 |
|
0 |
|
18,124 |
|
20,617 |
|
−1,387 |
|
19,230 |
Interest and similar income |
|
310 |
|
0 |
|
– |
|
12,500 |
|
12,810 |
|
−860 |
|
11,950 |
Hedges sales revenue |
|
−930 |
|
26 |
|
– |
|
– |
|
−904 |
|
83 |
|
−821 |
Other sales revenue |
|
11,469 |
|
2,482 |
|
– |
|
607 |
|
14,558 |
|
−945 |
|
13,614 |
|
|
245,680 |
|
45,731 |
|
4,044 |
|
54,128 |
|
349,584 |
|
−27,300 |
|
322,284 |
€ million |
|
Passenger Cars and Light Commercial Vehicles |
|
Commercial Vehicles |
|
Power Engineering |
|
Financial Services |
|
Total Segments |
|
Reconciliation |
|
Volkswagen Group |
||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Vehicles |
|
160,562 |
|
25,542 |
|
– |
|
0 |
|
186,104 |
|
−14,657 |
|
171,447 |
||||
Genuine parts |
|
14,970 |
|
6,759 |
|
– |
|
– |
|
21,729 |
|
−160 |
|
21,570 |
||||
Used vehicles and third-party products |
|
11,474 |
|
2,334 |
|
– |
|
20,485 |
|
34,293 |
|
−3,650 |
|
30,643 |
||||
Engines, powertrains and parts deliveries |
|
12,313 |
|
858 |
|
– |
|
– |
|
13,171 |
|
−65 |
|
13,105 |
||||
Power Engineering |
|
– |
|
– |
|
3,565 |
|
– |
|
3,565 |
|
−1 |
|
3,564 |
||||
Motorcycles |
|
915 |
|
– |
|
– |
|
– |
|
915 |
|
– |
|
915 |
||||
Leasing business |
|
764 |
|
1,693 |
|
0 |
|
16,669 |
|
19,126 |
|
−1,231 |
|
17,895 |
||||
Interest and similar income |
|
285 |
|
1 |
|
– |
|
8,873 |
|
9,160 |
|
−418 |
|
8,742 |
||||
Hedges sales revenue |
|
−2,220 |
|
−20 |
|
– |
|
– |
|
−2,241 |
|
−53 |
|
−2,294 |
||||
Other sales revenue |
|
11,314 |
|
2,349 |
|
– |
|
631 |
|
14,294 |
|
−831 |
|
13,463 |
||||
|
|
210,378 |
|
39,516 |
|
3,565 |
|
46,657 |
|
300,116 |
|
−21,067 |
|
279,050 |
||||
|
||||||||||||||||||
For segment reporting purposes, the sales revenue of the Group is presented by segment and market.
Other sales revenue comprises revenue from workshop services and extended warranties, among other things.
Of the sales revenue recognized in the period under review, an amount of €8,936 million (previous year: €8,045 million) was included in contract liabilities as of January 1, 2023.
The sales revenue realized in the period under review comprises performance obligations of €363 million (previous year: €718 million) that had already been met in an earlier period.
In addition to existing performance obligations of €4,794 million (previous year: €3,939 million) in the Power Engineering segment, most of which are expected to be satisfied or for which sales revenue is expected to be recognized by December 31, 2024, the vast majority of the Volkswagen Group’s performance obligations that were unsatisfied as of the reporting date relate to vehicle deliveries. Most of these deliveries had already been made at the time this report was prepared, or will be made in the first quarter of 2024. The calculation of the amounts for the Power Engineering Business Area took account of both contracts with a term of up to one year and service contracts under which the Volkswagen Group realizes sales revenue in exactly the same amount as the customer benefits from the services rendered by the Company. In the case of variable consideration, sales revenue is only recognized to the extent that there is reasonable assurance that this sales revenue will not subsequently have to be reversed or adjusted downward.