The company continues to anticipate that deliveries to customers will stand between 9 and 9.5 million vehicles. Volkswagen continues to expect Group sales revenue to be 10%-15% higher than the prior-year figure. Volkswagen said: “With regard to the effects of the fair value remeasurement of hedging transactions outside hedge accounting on operating result, from today’s perspective the company does no longer expect to be able to compensate for the effects of EUR -2.5B accounted for in the first nine months by the end of the year.” As a result, the company now expects operating result for the full year 2023 to be around the level of the previous year before special items, which was around EUR 22.5B. Volkswagen AG continues to anticipate a significant to strong year-on-year increase in net cash flow of the Automotive Division. Net liquidity in the Automotive Division is still expected to be between EUR 35B-EUR 40B.
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