The Volkswagen Group expects Group sales revenue in 2026 of around €315 billion. The Group’s operating return on sales is expected to reach up to 1 percent.
In the Automotive Division, the company expects an investment ratio of between 11 and 12 percent and net cash flow of between €3 billion and €6 billion for 2026. Net liquidity in the Automotive Division is expected to range between €32 billion and €34 billion in 2026. The Volkswagen Group continues to pursue its objective of maintaining a solid financing and liquidity policy.
Uncertainties are expected in particular from the macroeconomic environment, restrictions in international trade and geopolitical tensions, increasing competitive intensity, volatile commodity, energy and foreign exchange markets, as well as changing requirements resulting from emissions-related regulations.
The forecast is based on the assumption that the current tariff situation in international trade remains unchanged. The potential future impact of an escalation in the Middle East still cannot be reliably assessed and is therefore not reflected in the forecasted figures. The forecast is based on the Volkswagen Group’s current structure; potential effects arising from the implementation of Group Target Picture 2030, as well as the sale of a majority stake in Everllence, are not included.