Orders received by the Volkswagen Group

ORDERS RECEIVED IN THE PASSENGER CARS SEGMENT IN WESTERN EUROPE

In the reporting period, orders received in Western Europe decreased by 14.2% compared with the previous year. All key markets fell short of their respective prior-year level. The extent of the declines varied from country to country: while Germany saw a single-digit decline, the figures for the United Kingdom, France, Italy and Spain were down by more than 10%.

ORDERS RECEIVED FOR COMMERCIAL VEHICLES

Orders received for mid-sized and heavy trucks, for buses and for commercial vehicles from the MAN TGE van series declined by 7.1% year-on-year to 334,583 vehicles in 2022. This trend is mainly attributable to continuing restrictive order acceptance. In addition, no further orders for new vehicles were accepted from Russia owing to the Russia-Ukraine conflict. While order intake in the bus markets increased very sharply, truck markets saw a noticeable decline, while the MAN TGE van series segment even recorded a significant downturn. In the prior-year period, the truck and MAN TGE business received a particularly high level of orders due to a Covid-19 catch-up effect. A higher order intake was recorded in the second half of 2022 in particular.

Order intake in the bus business recorded a very sharp increase year-on-year across all commercial vehicle brands. In the EU27+3 region, this was attributable, among other factors, to the slow recovery in the coach market.

ORDERS RECEIVED IN THE POWER ENGINEERING SEGMENT

The long-term performance of the Power Engineering business is determined by the macroeconomic environment. Individual major orders lead to fluctuations in incoming orders during the year that do not correlate with these long-term trends.

Orders received in the Power Engineering segment in 2022 amounted to €4.3 (3.8) billion. Engines & Marine Systems and Turbomachinery generated more than two-thirds of the order volume in a persistently difficult market environment.

In the marine business, for example, deliveries of 20V32/44CR engines were ordered for four ships in 2022 (two engines per ship). In the power plant business, orders were won for 48 engines and component sets for 11 completely knocked down engines of different types with an aggregate output of 865 MW. For turbomachinery, we received several orders for new applications which were driven by the energy transition and decarbonization such as carbon capture and storage in Europe and in the USA, as well as an expansion of an energy storage facility in England. We also received a significant number of orders for gas production in West Africa and the North Sea.