Volkswagen shares climb 6% on sales forecasts of €331bn

VW predicts a strong sales recovery and a 14% rise in deliveries as global supply chain issues ease

VW sees revenues rising by up to 15%, and says its dividend would rise by €1.20 apiece to €8.70 per common share and €8.76 for preferred shares. File picture: Kai-Uwe Knoth/AP

Volkswagen has said it expects supply chain issues to ease and sales to rise to as much as €331bn in 2023, sending shares in Europe’s top carmaker to their highest level in nearly three months.

VW’s outlook, which comes after preliminary 2022 results published last month, also foresees a strong recovery of vehicle deliveries to 9.5m, an increase of more than 14% year-on-year.