Volkswagen Q1 profits rise but war could still hurt business

Volkswagen logo is pictured at the 2022 New York International Auto Show, in Manhattan, New York City, U.S., April 13, 2022. REUTERS/Brendan McDermid

Q1 operating return on sales 13.5% vs 7.7%
Q1 operating profit ex-one offs 8.5 bln euros vs 4.8 bln
Group deliveries down 21.9% in Q1
All-electric vehicle deliveries jump 65%

BERLIN, April 14 (Reuters) – Volkswagen (VOWG_p.DE)posted a jump in quarterly operating return on sales to 13.5% from 7.7% in the same period of 2021, it said, but it warned that the impact of the war in Ukraine and supply chain bottlenecks was still uncertain.

Its operating profit before special items rose to around 8.5 billion euros ($9.28 billion) from 4.8 billion in the year-earlier quarter, the carmaker said as it published preliminary key financial figures for the first quarter on Thursday.

Unpredictable commodity markets and the ongoing impact of the…