VITESCO TECHNOLOGIES GROUP AG in € mn | Q1 2022* | Q2 2022* | Q3 2022* | Q4 2022* | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | |
Sales VT Group | 2,258.6 | 2,165.0 | 2,300.1 | 2,346.3 | 9,070.0 | 2,314.2 | 2,441.6 | 2,199.4 | 2,278.0 | 9,233.2 | |
(% growth y/y) | -1.9% | 3.3% | 20.2% | 15.1% | 8.6% | 2.5% | 12.8% | -4.4% | -2.9% | 1.8% | |
For comparison: Global Light Vehicle Production 1 (mn units) | 19.93 | 19.00 | 21.50 | 21.90 | 82.34 | 21.37 | 22.19 | 22.60 | 23.90 | 90.07 | |
(% growth y/y) | -3.5% | 1.4% | 29.5% | 3.4% | 6.7% | 7.2% | 16.8% | 5.1% | 9.1% | 9.4% | |
Division Powertrain Solutions | 1,638.3 | 1,553.7 | 1,632.0 | 1,548.3 | 6,372.3 | 1,607.7 | 1,632.5 | 1,412.4 | 1,466.2 | 6,118.8 | |
(% growth y/y) | - | - | - | - | - | -1.9% | 5.1% | -13.5% | -5.3% | -4.0% | |
Electrification** | 21.2 | 20.5 | 23.0 | 28.0 | 92.7 | 22.2 | 28.5 | 30.9 | 31.1 | 112.7 | |
(% growth y/y) | - | - | - | - | - | 4.7% | 39.0% | 34.3% | 11.1% | 21.6% | |
Core ICE excl. Electrification** | 846.2 | 817.2 | 851.1 | 821.1 | 3,335.6 | 872.4 | 925.7 | 798.8 | 821.3 | 3,418.2 | |
(% growth y/y) | - | - | - | - | - | 3.1% | 13.3% | -6.1% | 0.0% | 2.5% | |
Non-Core | 770.9 | 716.0 | 757.9 | 699.2 | 2,944.0 | 713.1 | 678.3 | 582.7 | 613.8 | 2,587.9 | |
(% growth y/y) | - | - | - | - | - | -7.5% | -5.3% | -23.1% | -12.2% | -12.1% | |
Division Electrification Solutions | 634.3 | 626.1 | 687.1 | 818.3 | 2,765.8 | 716.8 | 825.2 | 799.7 | 820.6 | 3,162.3 | |
(% growth y/y) | - | - | - | - | - | 13.0% | 31.8% | 16.4% | 0.3% | 14.3% | |
Electrification** | 230.5 | 216.3 | 224.5 | 318.0 | 989.3 | 283.7 | 325.8 | 293.5 | 297.7 | 1,200.7 | |
(% growth y/y) | - | - | - | - | - | 23.1% | 50.6% | 30.7% | -6.4% | 21.4% | |
Core ICE excl. Electrification** | 403.8 | 409.8 | 462.6 | 500.3 | 1,776.5 | 433.1 | 499.4 | 506.2 | 522.9 | 1,961.6 | |
(% growth y/y) | - | - | - | - | - | 7.3% | 21.9% | 9.4% | 4.5% | 10.4% | |
Adjusted EBIT VT Group | 47.7 | 34.9 | 44.7 | 98.2 | 225.5 | 37.1 | 76.3 | 76.4 | 151.3 | 341.1 | |
(% of sales) | 2.1% | 1.6% | 2.0% | 4.2% | 2.5% | 1.6% | 3.1% | 3.5% | 6.6% | 3.7% | |
Adjusted EBIT Division Powertrain Solutions | 111.3 | 104.7 | 73.9 | 55.4 | 345.3 | 117.3 | 109.2 | 98.1 | 140.0 | 464.6 | |
(% of sales) | 6.8% | 6.7% | 4.6% | 3.6% | 5.4% | 7.3% | 6.7% | 6.9% | 9.5% | 7.6% | |
Adjusted EBIT Electrification** | -2.6 | -3.8 | -4.3 | 4.1 | -6.6 | -0.4 | 0.0 | 0.2 | 7.2 | 7.0 | |
(% of sales) | -12.3% | -18.5% | -18.7% | 14.6% | -7.1% | -1.8% | 0.0% | 0.6% | 23.2% | 6.2% | |
Adjusted EBIT Core ICE excl. Electrification** | 104.1 | 88.9 | 95.5 | 68.2 | 356.7 | 99.4 | 102.8 | 99.9 | 90.4 | 392.5 | |
(% of sales) | 12.3% | 10.9% | 11.2% | 8.3% | 10.7% | 11.4% | 11.1% | 12.5% | 11.0% | 11.5% | |
Adjusted EBIT Non-Core | 9.8 | 19.6 | -17.3 | -16.9 | -4.8 | 18.3 | 6.4 | -2.0 | 42.4 | 65.1 | |
(% of sales) | 1.3% | 2.7% | -2.3% | -2.4% | -0.2% | 2.6% | 0.9% | -0.3% | 6.9% | 2.5% | |
Adjusted EBIT Division Electrification Solutions | -61.3 | -60.5 | -23.6 | 52.3 | -93.1 | -72.0 | -31.2 | -14.3 | 19.4 | -98.1 | |
(% of sales) | -9.7% | -9.7% | -3.4% | 6.4% | -3.4% | -10.0% | -3.8% | -1.8% | 2.4% | -3.1% | |
Adjusted EBIT Electrification** | -48.2 | -49.9 | -43.8 | -12.5 | -154.4 | -51.0 | -52.8 | -43.3 | -6.8 | -153.9 | |
(% of sales) | -20.9% | -23.1% | -19.5% | -3.9% | -15.6% | -18.0% | -16.2% | -14.8% | -2.3% | -12.8% | |
Adjusted EBIT Core ICE excl. Electrification** | -13.1 | -10.6 | 20.2 | 64.8 | 61.3 | -21.0 | 21.6 | 29.0 | 26.2 | 55.8 | |
(% of sales) | -3.2% | -2.6% | 4.4% | 13.0% | 3.5% | -4.8% | 4.3% | 5.7% | 5.0% | 2.8% | |
Research & Development Expenses (net) | 179.4 | 188.5 | 171.7 | 120.8 | 660.4 | 193.4 | 198.9 | 158.2 | 129.1 | 679.6 | |
(% of sales) | 7.9% | 8.7% | 7.5% | 5.1% | 7.3% | 8.4% | 8.1% | 7.2% | 5.7% | 7.4% | |
Depreciation & Amortization | 134.9 | 141.5 | 143.0 | 140.6 | 560.0 | 147.7 | 167.1 | 128.7 | 132.4 | 575.9 | |
(% of sales) | 6.0% | 6.5% | 6.2% | 6.0% | 6.2% | 6.4% | 6.8% | 5.9% | 5.8% | 6.2% | |
EBT | 21.8 | 24.9 | 1.3 | 50.0 | 98.0 | -29.3 | 12.0 | 60.5 | 102.5 | 145.7 | |
(% of sales) | 1.0% | 1.2% | 0.1% | 2.1% | 1.1% | -1.3% | 0.5% | 2.8% | 4.5% | 1.6% | |
Effective Tax Rate | 151.8% | -47.4% | 1,169.2% | 75.8% | 75.9% | -73.0% | 215.8% | 49.6% | 160.9% | 166.2% | |
Net Result | -11.3 | 36.7 | -13.8 | 12.0 | 23.6 | -50.7 | -13.8 | 30.3 | -62.2 | -96.4 | |
(% of sales) | -0.5% | 1.7% | -0.6% | 0.5% | 0.3% | -2.2% | -0.6% | 1.4% | -2.7% | -1.0% | |
Operating Cash Flow VT Group | 108.2 | 105.2 | 80.5 | 298.2 | 592.1 | 76.9 | 94.8 | 203.4 | 253.9 | 629.0 | |
(% of sales) | 4.8% | 4.9% | 3.5% | 12.7% | 6.5% | 3.3% | 3.9% | 9.2% | 11.1% | 6.8% | |
Capex VT Group | 52.1 | 112.5 | 88.9 | 193.1 | 446.6 | 98.0 | 92.8 | 141.8 | 167.2 | 499.8 | |
(% of sales) | 2.3% | 5.2% | 3.9% | 8.2% | 4.9% | 4.2% | 3.8% | 6.4% | 7.3% | 5.4% | |
Free Cash Flow VT Group | 48.2 | 1.6 | -16.3 | 89.7 | 123.2 | -41.1 | -20.6 | 73.4 | 73.2 | 84.9 | |
(% of sales) | 2.1% | 0.1% | -0.7% | 3.8% | 1.4% | -1.8% | -0.8% | 3.3% | 3.2% | 0.9% | |
Balance Sheet Total | 7,901.0 | 7,802.6 | 7,895.5 | 7,603.7 | 7,603.7 | 7,745.2 | 7,588.5 | 7,505.6 | 7,583.1 | 7,583.1 | |
Equity Ratio | 35.9% | 40.4% | 40.7% | 40.3% | 40.3% | 39.1% | 38.9% | 40.6% | 37.6% | 37.6% | |
Working Capital | 437.0 | 415.4 | 592.8 | 455.2 | 455.2 | 513.6 | 552.0 | 529.0 | 532.5 | 532.5 | |
Working Capital/LTM Sales | 5.3% | 5.0% | 6.8% | 5.0% | 5.0% | 5.6% | 5.9% | 5.7% | 5.8% | 5.8% | |
Short- and Long-Term Financial Debt | 483.3 | 469.8 | 480.4 | 447.7 | 447.7 | 451.3 | 459.3 | 469.7 | 726.6 | 726.6 | |
Cash & Cash Equivalents | 857.4 | 810.1 | 782.7 | 781.1 | 781.1 | 728.1 | 672.1 | 739.2 | 1,063.6 | 1,063.6 | |
Net Financial Debt | -374.1 | -340.3 | -302.3 | -333.4 | -333.4 | -276.8 | -212.8 | -269.5 | -337.0 | -337.0 | |
Net Financial Debt/LTM adj. EBITDA | -0.5 | -0.5 | -0.4 | -0.5 | -0.5 | -0.4 | -0.3 | -0.3 | -0.4 | -0.4 |
Rounding differences may occur for arithmetical reasons
* Restatement of 2022 figures due to consolidation changes ** Reclassification
1 Based on S&P Global Mobility, Light Vehicle Production Forecast as of 01/2024 Capex excluding right of use assets (IFRS 16)
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Vitesco Technologies Group AG published this content on 14 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 March 2024 06:20:01 UTC.
