Volkswagen Group has reported a mixed start to the fiscal year, with a decrease in operating profit and an increase in sales revenue. In Q1 FY2025, operating profit was down 37% at €2.9bn, while sales revenue increased by 3% to €78bn. Unit sales also saw a slight increase of 1% to 2.1 million vehicles.
The company highlighted several challenges that may impact its performance in the coming year. These include political uncertainty, increasing trade restrictions, geopolitical tensions, intense competition, volatile commodity markets, and more stringent emissions-related requirements. Despite these challenges, Volkswagen Group remains optimistic due to strong product momentum and a focus on cost discipline.
Arno Antlitz, CFO & COO of Volkswagen Group, acknowledged the tough start to the fiscal year. He emphasized that there is still a considerable amount of work to be done, as reflected in the operating margin of around four per cent.
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Overall, Volkswagen Group is facing challenges in the current business environment but remains focused on driving growth and success in the automotive industry. Stay tuned for more updates on their performance and industry recognition.
