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Key Figures

Interactive Key Figure Comparison

Key Figures Volkswagen Group

9.0

million vehicle sales

in FY 2024, 3.5% below FY 2023 (9.4 million vehicles)

324.7

billion EUR sales revenue

in FY 2024, slightly up from FY 2023 (EUR 322.3 billion)

19.1

billion EUR Operating Result

in FY 2024, 15% below FY 2023 (EUR 22.5 billion); Operating Margin of 5.9%

	Q4			FY
	2024	2023	%	2024	2023¹	%
Volume Data² in thousands
Deliveries to customers (units)	2,503	2,524	-0.0	9,027	9,240	– 2.3
Vehicle sales (units)	2,574	2,600	-0.0	9,037	9,362	– 3.5
Production (units)	2,322	2,445	-0.1	8,954	9,309	– 3.8
Employees (on Dec. 31)				679.5	684.0	– 0.7

Financial Data (IFRS), € million
Sales revenue	87,377	87,182	+0.2	324,656	322,284	+ 0.7
Operating result	6,153	6,288	-2.1	19,060	22,528	– 15.4
Operating return on sales (%)	7.0	7.2		5.9	7.0
Earnings before tax	4,282	5,399	-20.7	16,806	23,099	– 27.2
Return on sales before tax (%)	4.9	6.2		5.2	7.2
Earnings after tax	3,477	4,994	-30.4	12,394	17,861	– 30.6

Automotive Division³
Cash flows from operating activities	12,541	16,118	-22.2	32,983	37,851	– 12.9
Cash flows from investing activities attributable to operating activities⁴	10,806	10,358	+4,3	27,971	27,153	+ 3.0
Net cash flow	1,736	5,760	-69.9	5,013	10,698	– 53.1
Net liquidity at Dec. 31				36,066	40,289	– 10.5
Investment ratio				14.3	13.5

1) Prior year has been adjusted (see explanations to IAS 8).
2) The figures also include the equity-accounted Chinese joint ventures. Prior-year deliveries have been updated to reflect subsequent statistical trends.
3) Including allocation of consolidation adjustments between the Automotive and Financial Services divisions.
4) Excluding acquisition and disposal of equity investments: Q4 EUR 9,580 (8,753) million, January to December EUR 26,289 (25,038) million.

Key figures by brand group and business field from January 1 to December 31

	Vehicle sales		Sales revenue		Operating result		Operating margin
Thousand vehicles/€ million	2024	2023	2024	2023	2024	2023¹	2024	2023

Core brand group	4,960	4,826	140,004	137,770	6,961	7,242	5.0	5.3
Progressive brand group	1,123	1,282	64,532	69,865	3,903	6,280	6.0	9.0
Sport Luxury brand group²	313	334	36,438	37,349	5,286	6,938	14.5	18.6
CARIAD	–	–	1,327	1,078	-2,431	-2,392	–	–
Battery	–	–	8	31	-1,053	-417	–	–
TRATON Commercial Vehicles	335	339	46,183	45,731	4,204	3,715	9.1	8.1
MAN Energy Solutions	–	–	4,333	4,044	337	369	7.8	9.1
Equity-accounted companies in China³	2,742	3,065	–	–	–	–	–	–
Volkswagen Group Mobility	–	–	54,806	50,765	3,000	3,248	5.5	6.4
Other⁴	-435	-484	-22,976	-24,350	-738	-2197		-
Volkswagen Group	9,037	9,362	324,656	322,284	19,060	22,528	5.9	7.0

1) Prior year has been adjusted.
2) Including Porsche Financial Services: sales revenue EUR 40,083 (40,530) million, operating result EUR 5,640 (7,284) million.
3) The sales revenue and operating result of the equity-accounted companies in China are not included in the consolidated figures; the share of the operating result generated by these companies amounted to EUR 1,742 (2,621) million.
4) In the operating result, mainly intragroup items recognized in profit or loss, in particular from the elimination of intercompany profits; the figure includes depreciation and amortization of identifiable assets as part of purchase price allocation, as well as companies not allocated to the brands.

Five-Year Review

	2024	2023¹	2022²	2021	2020
Volume Data (thousands)
Vehicle sales (units)	9,037	9,362	8,481	8,576	9,157
Germany	1,195	1,178	1,005	973	1,108
Abroad	7,842	8,184	7,476	7,603	8,049
Production (units)	8,954	9,309	8,717	8,283	8,900
Germany	1,686	1,914	1,648	1,483	1,633
Abroad	7,267	7,395	7,069	6,800	7,267
Employees (yearly average)	683	676	669	668	668
Germany	295	293	289	294	294
Abroad	388	383	380	373	373

Financial Data (in € million)
Income Statement
Sales revenue	324,656	322,284	279,050	250,200	222,884
Cost of sales	−265,184	−261,299	−226,866	−202,959	−183,937
Gross profit	59,472	60,985	52,184	47,241	38,947
Distribution expenses	−22,320	−21,345	−19,840	−19,228	−18,407
Administrative expenses	−12,754	−12,729	−11,655	−10,420	−9,399
Net other operating result	−5,338	−4,382	1,421	1,682	−1,466
Operating result	19,060	22,528	22,109	19,275	9,675
Financial result	−2,255	570	−40	851	1,991
Earnings before tax	16,806	23,099	22,070	20,126	11,667
Income tax expense	−4,411	−5,237	−6,217	−4,698	−2,843
Earnings after tax	12,394	17,861	15,852	15,428	8,824

Personnel expenses	49,786	49,755	47,002	43,677	40,516

Balance Sheet (at December 31)
Non-current assets	387,674	361,005	339,853	328,261	302,170
Current assets	245,231	239,644	224,159	200,347	194,944
Total assets	632,905	600,649	564,013	528,609	497,114

Equity	196,731	189,186	178,328	146,154	128,783
of which: noncontrolling interests	14,437	14,218	12,952	1,705	1,734
Non-current liabilities	219,134	205,427	202,961	218,062	202,921
Current liabilities	217,039	206,036	182,723	164,393	165,410
Total equity and liabilities	632,905	600,649	564,013	528,609	497,114

Cash flows from operating activities	17,151	19,356	28,496	38,633	24,901
Cash flows from investing activities attributable to operating activities	28,853	28,031	25,454	24,181	18,372
Cash flows from financing activities	11,140	16,008	4,225	−7,754	7,637

1 The year 2023 was adjusted (see disclosures on IAS 8).
2 The year 2022 was adjusted.