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Volkswagen Group Interim Report January – September 2024

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On October 30, 2024 the Volkswagen Group published the results for the third quarter 2024.

#Brands #Strategy #Finance
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“Our nine-month results reflect a challenging market environment and underline the importance of delivering on the performance programs we have launched across the Group. Volkswagen Brand reported an operating margin of only two percent after nine months. This highlights the urgent need for significant cost reductions and efficiency gains. Our product momentum gives us confidence. A significantly improved order intake in Western Europe in Q3 year-on-year is testament to our strengthened product line-up, from combustion engine cars to hybrids and full-electric vehicles and provides tailwind for the final quarter.”
Arno Antlitz CFO & COO Volkswagen Group
Picture in front of a stone wall of the CFO and COO of the Volkswagen Group

Volkswagen Group’s nine-month results impacted by higher fixed costs and restructuring provisions

  • EUR 237.3 billion sales revenue in 9M 2024, slightly up from 9M 2023 (EUR 235.1 billion)
  • EUR 12.9 billion Operating Result in 9M 2024, 21% below 9M 2023 (EUR 16.2 billion); Operating Margin of 5.4%
  • EUR 3.3 billion Net Cash Flow in the Automotive Division in 9M 2024 (EUR 4.9 billion)
  • 6.5 million vehicle sales in 9M 2024, down 4% compared to 9M 2023 (6.8 million)
  • Order intake for vehicles in Western Europe up 9% in 9M 2024 y-o-y
To Press Release

Webcast and Conference Call for Investors, Analysts and Media

at 9:00 a.m. CET with

    • Arno Antlitz, CFO and COO


followed by Q & A session for investors and analysts with 

    • Arno Antlitz, CFO and COO


followed by Q & A session for media with

    • Arno Antlitz, CFO and COO


To the WEBCAST

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9-month results reflecting the challenging market environment. Comparison of sales figures, revenue, and operating result with percentage changes compared to the previous year.
2024 outlook for the automotive sector, showing revenue, operating margin, net cash flow, and net liquidity. Projected values in billions of euros.

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.