Volkswagen's 2024 Financial Overview

The Volkswagen Group announced a modest 0.7% increase in sales revenue, reaching €324.6 billion for the year 2024. Despite this growth, the company faced challenges in vehicle sales, which saw a 3.5% decline to 9 million units. Deliveries to customers also decreased by 2.3%, and production fell by 3.8% to 9.3 million units.

Profit Margins and Future Expectations

Operating profit took a significant hit, dropping 15.4% to €19 billion, while earnings after tax for the entire year plunged by 30.6% to €12.4 billion. Looking ahead, Volkswagen anticipates a potential 5% increase in sales revenue for 2025 compared to the previous year.

CEO's Vision for 2025

"In 2025, our focus will remain on consistent implementation. As our transformation gains momentum, the new strength of the Volkswagen Group comes to life. Our ongoing model offensive, regionally tailored products for global markets, and strong partnerships form the foundation for sustainable positive development," stated CEO Oliver Blume.