FRANKFURT — Volkswagen Group on Wednesday caught to its outlook for the present 12 months after its international manufacturing community helped it offset provide chain disruptions attributable to the conflict in Ukraine and the coronavirus pandemic.

World carmakers, like many industrial sectors, face a shortage of key parts within the wake of COVID-related lockdowns and Russia’s invasion of Ukraine, compounding an ongoing scarcity of semiconductors.

The automaker mentioned in an announcement it expects gross sales to rise 8 % to 13 % and an working revenue margin of seven.0 % to eight.5 % in 2022, pointing to its international community that allowed it to maneuver elements to these areas and types that wanted them most.

“As a very international firm, we now have intensive manufacturing capacities in all main progress and gross sales markets worldwide,” CEO Herbert Diess mentioned in an announcement. “Volkswagen’s international setup helped us to mitigate most of the antagonistic results we’re presently seeing.”

It nonetheless pointed to uncertainty from the battle in Ukraine and the pandemic, including the corporate may presently not foresee the total affect a deterioration of the scenario would have on its enterprise.

Volkswagen, which may record luxurious division Porsche in a partial preliminary public providing later this 12 months, mentioned it nonetheless anticipated chip provide to enhance within the second half of the 12 months.

The corporate reported gross sales of 62.7 billion euros for the primary three months of the 12 months, up 0.6 % on the identical interval in 2021.