Volkswagen's Financial Performance in Q1 2025

The Volkswagen Group has announced its financial results for the first quarter of 2025, revealing a 2.8% increase in revenue, reaching €77.6 billion compared to the same period last year.

Sales and Production Insights

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

Challenges and Future Outlook

Operating profit took a significant hit, dropping 36.9% to €2.87 billion, influenced by special effects, a slightly negative price/mix, and higher fixed costs. The operating margin decreased to 3.7% from 6% the previous year. Despite these challenges, Volkswagen anticipates full-year sales growth of up to 5%, though it cautions that results may lean towards the lower end of forecasts due to global economic and geopolitical pressures.

Arno Antlitz, CFO & COO of Volkswagen Group, commented on the mixed start to the year and highlighted a significant milestone: every fifth car sold in Western Europe is now fully electric, with first-quarter unit sales more than doubling.