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Half-Yearly Financial Report 2024

2024-JPK-Teaser-blanco

On August 1, 2024 the Volkswagen Group published the results for the first half of 2024.

Portrait of Oliver Blume, CEO Volkswagen Group
“The Volkswagen Group delivered a solid performance in the first half of the year. In a demanding environment, 2024 marks the Group’s largest product offensive and a comprehensive restructuring of our business areas. The results reflect a successful team effort across all brands. Strategically, we have set a decisive course and the TOP 10 programs are making good headway.”
Oliver Blume CEO Volkswagen Group
Portrait of Oliver Blume, CEO Volkswagen Group

Volkswagen Group with solid performance in a demanding environment for the first half of 2024

  • EUR 158.8 billion sales revenue in H1 2024, up from H1 2023 (EUR 156.3 billion)
  • EUR 10.1 billion Operating Result in H1 2024, 11% below H1 2023 (EUR 11.3 billion); Operating Margin of 6.3%
  • Solid underlying result in H1 2024, improvement in margin from Q1 to Q2
  • EUR -0.1 billion net cash flow in the Automotive division in H1 2024 (EUR 2.5 billion)
  • 4.3 million vehicle sales H1 2024, slightly below H1 2023 (4.4 million vehicles)
  • Order intake for vehicles in Western Europe slightly up in H1 2024 
To Press Release

Webcast and conference call for investors, analysts and media

at 9:00 a.m. (CEST) with

  • Oliver Blume, CEO
  • Arno Antlitz, CFO and COO


Followed by Q & A session for investors and analysts with 

  • Oliver Blume, CEO
  • Arno Antlitz, CFO and COO


Followed by Q & A session for media with

  • Oliver Blume, CEO
  • Arno Antlitz, CFO and COO


To the WEBCAST

A man on stage presenting a chart on the strategic direction of the Volkswagen Group.
Arno Antlitz, CFO and COO of the Volkswagen Group.
Financial summary H1 2024: Sales 4.3M vehicles, revenue €159B, operating margin 7.1%.
Outlook 2024: Revenue growth up to +5%, operating margin 6.5-7%, net cash flow €2.5-4.5B."

Documents

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.