Volkswagen Group Reports Steady Growth in Q1 2025

In the first quarter of 2025, Volkswagen Group announced a notable increase in revenue, reaching €77.6 billion, which marks a 2.8% rise compared to the previous year. Despite facing global economic and geopolitical pressures, the company managed to grow its vehicle sales by 0.9% year-on-year, totaling 2.1 million units.

Delivery and Production Insights

Deliveries to customers saw a 1.4% increase, amounting to 2.13 million units. However, production experienced a slight decline of 3.2%, with 2.19 million units manufactured. This mixed performance underscores the complex challenges Volkswagen navigated during the quarter.

Financial Performance and Future Outlook

The operating profit took a significant hit, dropping 36.9% to €2.87 billion. This downturn was attributed to special effects amounting to €1.1 billion, a slightly negative price/mix, and higher fixed costs, leading to an operating margin decrease from 6% to 3.7%. Despite these hurdles, Volkswagen remains optimistic, projecting up to a 5% growth in full-year sales, albeit cautioning that results may lean towards the lower end of forecasts.

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