Volkswagen Group Reports Mixed Q1 2025 Results

In the first quarter of 2025, Volkswagen Group achieved a revenue of €77.6 billion, marking a 2.8% increase compared to the same period last year. Despite the global economic and geopolitical pressures, the company saw a slight uptick in vehicle sales and deliveries to customers.

Sales and Production Insights

Vehicle sales rose by 0.9% year-on-year to 2.1 million units, with deliveries to customers growing by 1.4% to 2.13 million. However, production witnessed a 3.2% decline, totaling 2.19 million units.

Financial Performance and Future Outlook

The operating profit took a significant hit, dropping 36.9% to €2.87 billion, influenced by special effects amounting to €1.1 billion, a slightly negative price/mix, and higher fixed costs. The operating margin decreased to 3.7% from 6% the previous year. Volkswagen anticipates full-year sales growth of up to 5%, cautioning that results may lean towards the lower end of forecasts.

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