Volkswagen Reports Mixed Preliminary Q1 2025 Results

Volkswagen AG has released its preliminary financial indicators for the first quarter of 2025. Group sales revenue increased by approximately 3% to 78 billion euros, up from 75.5 billion euros in Q1 2024. However, the operating result fell to about 2.8 billion euros, a significant drop from 4.6 billion euros the previous year. This decrease was largely due to special effects totaling around 1.1 billion euros.

Key negative impacts included provisions related to CO2 regulations in Europe amounting to 0.6 billion euros, restructuring costs at CARIAD of 0.2 billion euros, and adjustments related to the diesel issue and US import duties totaling 0.3 billion euros. As of March 31, 2025, net liquidity in the Automotive Division was approximately 33 billion euros.

Despite these challenges, Volkswagen maintains its 2025 outlook, projecting sales revenue growth of up to 5% and operating return on sales between 5.5% and 6.5%. The full interim financial report will be available on April 30, 2025.