Vitesco Technologies says Q1 2023 sales €2.31 billion, up 2.5% YOY

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Financial results

Sales for the Powertrain Solutions division declined slightly due to shortage of semiconductors, while the Electrification Solutions division sales grew

Global automotive supplier of electric mobility and powertrain components Vitesco Technologies announced that sales for the first quarter of 2023 came in at €2.31 billion, up 2.5% over €2.26 billion in the same quarter last year, according to a press release dated May 12.

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