Volkswagen's Financial Highlights

In a remarkable display of resilience, Volkswagen Group announced a 2.8% increase in revenue, reaching €77.6 billion in the first quarter of 2025 compared to the previous year. This achievement comes despite a challenging global economic landscape.

Sales and Production Insights

The automotive giant reported a slight uptick in vehicle sales by 0.9% to 2.1 million units and a 1.4% growth in customer deliveries to 2.13 million. However, production saw a 3.2% decline, settling at 2.19 million units.

Challenges and Future Outlook

Operating profit faced a significant downturn, dropping 36.9% to €2.87 billion. This was attributed to special effects amounting to €1.1 billion, a slightly negative price/mix, and increased fixed costs. The operating margin also decreased from 6% to 3.7%. Despite these hurdles, Volkswagen remains optimistic, projecting up to a 5% growth in full-year sales. However, the company cautions that results may lean towards the lower end of forecasts due to ongoing global economic and geopolitical pressures.

Electrification Milestone: Arno Antlitz, CFO & COO of Volkswagen Group, highlighted a significant achievement: every fifth car sold in Western Europe is now fully electric, with first-quarter unit sales more than doubling.