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Annual Report & Full Year Results 2024

The Volkswagen Group Annual Media, Analyst and Investor Conference took place on March 11, 2025.

Portrait of Oliver Blume, CEO Volkswagen Group
“In 2024, Volkswagen Group has set a decisive strategic course. With innovative, emotional products. With trailblazing strategic decisions. In 2025, we will continue to focus on consistent implementation. As our transformation gains in traction, the new strength of Volkswagen Group comes to life. Our continuing model offensive, regionally tailored products for our markets around the globe and strong partners constitute the basis for sustainable positive development. With the ramp-up of affordable e-mobility, our autonomous vehicle fleet and the battery cell production in Germany, Volkswagen is showcasing European innovation for the world – as the global automotive tech driver.”
Oliver Blume CEO Volkswagen Group
Portrait of Oliver Blume, CEO Volkswagen Group
Picture in front of a stone wall of the CFO and COO of the Volkswagen Group
“In a challenging competitive environment, we achieved a decent overall financial performance in 2024. Our outlook reflects the global economic challenges and the profound changes that are happening in the industry. We keep combustion engines technologically competitive, we are simultaneously investing in electric models and software, and we continue to strengthen our regional presence – with a clear growth and investment strategy in the US. To achieve this, it is crucial that we continue to offer our customers highly attractive vehicles, while consistently reducing costs and increasing profitability. This will be our focus in the coming months and years.”
Arno Antlitz CFO und COO Volkswagen Group
Picture in front of a stone wall of the CFO and COO of the Volkswagen Group

Volkswagen Group with solid FY 2024 results and a robust outlook

  • EUR 324.7 billion sales revenue in FY 2024, slightly up from FY 2023 (EUR 322.3 billion)
  • EUR 19.1 billion Operating Result in FY 2024, 15% below FY 2023 (EUR 22.5 billion); Operating Margin of 5.9%
  • Underlying Operating Result of EUR 21.7 billion in FY 2024
  • EUR 5.0 billion Net Cash Flow in the Automotive Division in FY 2024 (EUR 10.7 billion)
  • 9.0 million vehicle sales in FY 2024, 3.5% below FY 2023(9.4 million vehicles)
  • Order intake for all-electric vehicles in Western Europe increased by 88% in FY 2024
To press release

At a glance

9
million VEHICLE SALES
-3 %
325
billion EUR SALES REVENUE
+1 %
19.1
billion EUR OPERATING RESULT
-15 %

Speech Oliver Blume and Arno Antlitz

Speech Oliver Blume and Arno Antlitz AMC 2025

Annual Media Conference 2025

at 9:00 a.m. CET hosted by

  • Oliver Blume, CEO
  • Arno Antlitz, CFO & COO
Recording Volkswagen Group Annual Media Conference 2025

Analyst and Investor Conference 2025

at 11:15 a.m. CET hosted by

  • Oliver Blume, CEO
  • Arno Antlitz, CFO & COO
Analysten Call
Volkswagen Group Strategy Header

The Group Strategy

To the corporate strategy

With "The Group Strategy – Mobility for Generations", the Volkswagen Group is pursuing a clear strategic roadmap up to 2035. The claim: to play an active role in shaping the transformation of the automotive industry – as "The Global Automotive Tech Driver". On our way to becoming the Global Automotive Tech Driver, we can build on a unique basis as a company: Our global presence, our strong brands and our diverse teams. These are the foundation of our strategic target picture.

Documents

Images

A man in a suit presents on a stage in front of a large screen. The slide displays the “Volkswagen Group Outlook for 2025” with several strategic points in green and yellow text, along with a stylized pyramid. The audience is seated in the foreground, using laptops.
Arno Antlitz, CFO & COO Volkswagen Group, at the annual meeting conference 2025
A man in a suit presents on a stage in front of a large, curved screen. The display shows a scenic landscape with mountains and a winding road with light trails, along with the text “THE GLOBAL AUTOMOTIVE TECH DRIVER.” The audience is seated in the foreground.
Oliver Blume, CEO Volkswagen Group, presents the new strategy of the Group
A man in a suit gives an interview in front of a group of journalists and cameramen. Microphones, cameras, and lighting equipment are directed at him. In the background, a poster with the title “AUTOLAND D” stands against a red wall.
Oliver Blume, CEO Volkswagen Group, at the annual meeting conference 2025
The specified fuel consumption and emission data does not refer to a single vehicle and is not part of the offer but is only intended for comparison between different types of vehicles. Additional equipment and accessories (additional components, tyre formats, etc.) can alter relevant vehicle parameters such as weight, rolling resistance and aerodynamics, affecting the vehicle's fuel consumption, power consumption, CO2 emissions and driving performance values in addition to weather and traffic conditions and individual driving behavior. Further information on official fuel consumption data and official specific CO2 emissions for new passenger cars can be found in the "Guide to fuel economy, CO2 emissions and power consumption for new passenger car models", which is available free of charge from all sales dealerships and from DAT Deutsche Automobil Treuhand GmbH, Hellmuth-Hirth-Str. 1, D-73760 Ostfildern, Germany and at www.dat.de/co2.