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Key Figures

Interactive Key Figure Comparison

Q1 2025 Key Figures Volkswagen Group

EUR

77.6

billion sales revenue

in Q1 2025, up 2.8% from Q1 2024 (EUR 75.5 billion)

EUR

2.9

billion Operating Result

in Q1 2025, below Q1 2024 (EUR 4.6 billion); Operating Margin of 3.7%

2.1

million vehicle sales

in Q1 2025, 0.9% above Q1 2024 (2.1 million)

	Q1
	2025	2024¹	%
Volume Data² in thousands
Deliveries to customers (units)	2,134	2,104	+1.4
Vehicle sales (units)	2,100	2,081	+0.9
Production (units)	2,194	2,266	-3.2
Employees (on March 31, 2025/Dec. 31, 2024)	671.5	679.5	-1.2

Financial Data (IFRS), € million
Sales revenue	77,558	75,461	+2.8
Operating result	2,873	4,552	-36.9
Operating return on sales (%)	3.7	6.0
Earnings before tax	3,109	5,136	-39.5
Return on sales before tax (%)	4.0	6.8
Earnings after tax	2,186	3,678	-40.6

Automotive Division³
Cash flows from operating activities	4,696	3,075	+52.7
Cash flows from investing activities attributable to operating activities⁴	5,524	5,612	-1.6
Net cash flow	-828	-2,537	+67.4
Net liquidity at March 31/Dec. 31	33,180	34,414	-3.6
Investment ratio	11.2	13.1

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) Values correspond to the changed reporting structure.
4) Excluding acquisition and disposal of equity investments: Q1 EUR 4,834 (5,407) million.

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

	Vehicle sales		Sales revenue		Operating result		Operating margin
Thousand vehicles/€ million	2025	2024	2025	2024	2025	2024¹	2025	2024

Core brand group	1,224	1,192	35,340	32,773	1,118	2,082	3.2	6.4
Progressive brand group	277	243	15,431	13,725	537	466	3.5	3.4
Sport Luxury brand group²	65	71	7,819	8,144	678	1,207	8.7	14.8
CARIAD	–	–	237	179	-755	-552	–	–
Battery	–	–	2	0	-213	-79	–	–
TRATON Commercial Vehicles	73	81	10,326	11,477	640	1,037	6.2	9.0
Equity-accounted companies in China³	610	649	–	–	–	–	–	–
Volkswagen Group Mobility	–	–	14,866	13,780	948	786	6.4	5.7
Other⁴	-149	-155	-6,464	-4,617	-80	-395
Volkswagen Group	2,100	2,081	77,558	75,461	2,873	4,552	3.7	6.0

1) Prior year has been adjusted.
2) Including Porsche Financial Services: sales revenue EUR 8,858 (9,011) million, operating result EUR 762 (1,282) 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 272 (429) 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.