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Home Market Research Business

Volkswagen Group ‘mixed start to FY 2025’

by TheAdviserMagazine
6 months ago
in Business
Reading Time: 1 min read
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Volkswagen Group ‘mixed start to FY 2025’
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Volkswagen Group says the fiscal year has got off to a mixed start, financially, and has struck a downbeat note on the outlook for the year. Operating profit in Q1 FY2025 was down 37% at €2.9bn, although sales revenue was up 3% to €78bn (unit sales up 1% to 2.1m vehicles).

The company said ‘challenges will arise in particular from an environment characterised by political uncertainty, increasing trade restrictions and geopolitical tensions, the increasing intensity of competition, volatile commodity, energy and foreign exchange markets, and more stringent emissions- related requirements’.

However, it also said there would be strong product momentum and a ‘focus on cost discipline’

Arno Antlitz, CFO & COO Volkswagen Group said the start to the fiscal year was expected.

“An operating margin of around four per cent clearly shows that there is still a considerable amount of work ahead of us,” he said.

“Volkswagen Group ‘mixed start to FY 2025’” was originally created and published by Just Auto, a GlobalData owned brand.

 

The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.



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