Volkswagen sees Q2 margin within guidance despite obstacles

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Published: May 4, 2022, 13:53 UTC

FRANKFURT (Reuters) - Volkswagen expects a second-quarter profit margin "well within" its 7.0%-8.5% target range for 2022 despite ongoing chip and wire harness shortages as well as higher raw materials prices, finance chief Arno Antlitz said on Tuesday.

FRANKFURT (Reuters) – Volkswagen expects a second-quarter profit margin “well within” its 7.0%-8.5% target range for 2022 despite ongoing chip and wire harness shortages as well as higher raw materials prices, finance chief Arno Antlitz said on Tuesday.

In the first three months of the year, Volkswagen’s profit margin stood at 13.3%.

(Reporting by Christoph Steitz; Editing by Zuzanna Szymanska)

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