Here are the key insights from Volkswagen Capital Markets Day held yesterday;
•SSP architecture expected to be achieved in 2026 will ensure margin parity in most vehicles and will reduce charging time to 12 minutes from the current 35 minutes under MEB platform.
• Volkswagen will focus on value over volume.
•New leadership principles focused on team spirit, enterpreneurship and customer orientation.
• Volkswagen aims to grow its revenue by 5-7% annually until 2027. Thereafter, growth rate will be in line with the industry standard.
• The group return on sales is forecasted to grow from 8.1% in 2022 to 7.5-8.5% in 2023, 8-10% until 2027 and then 9-11% from 2027 onwards until 2030.
• The group transferred the responsibility of achieving its target to the brands.
• The group’s investments will be reduced to around 11% of revenue by 2027 and 9% of revenue by 2030 from the current 12% of revenue (between 2023 and 2027).
• Aims to achieve dividend payout ratio of 30%.
•Aims to achieve PowerCo operating profit break-even by 2029.
• Aims to achieve CARIAD operating profit break-even by 2027.
•Volkswagen will employ best-owner principle as a guiding element.
• No IPO planned at the moment.
Read more here: Volkswagen: Capital Markets Day 2023 - InvestmentWiki