: Fundamentally changed market conditions in China, particularly affecting the luxury segment [28].
The Group has maintained a "solid" performance despite a challenging global environment, though it faces pressure on operating margins [12, 16]. : 2025 : €321.9 billion (steady compared to 2024) [19]. 2024 : €324.7 billion (slight increase from 2023) [16]. Operating Result : 2025 : €8.9 billion (a 53% decrease from 2024) [19]. 2024 : €19.1 billion (15% below 2023) [16]. Operating Margin : 2025 : 2.8% (down from 5.9% in 2024) [19]. vw.zip
Performance varied significantly across Volkswagen’s brand groups in 2025 [28]: 2024 : €324
: Slight revenue growth to €65.5 billion, but operating result declined 13.6% due to U.S. tariffs and Audi agreement expenses. Operating Margin : 2025 : 2
: Sales revenue of €145.2 billion (+3.7%), with a 4.7% operating return on sales.
: Higher fixed costs and adverse effects from U.S. tariffs [12, 28].
Volkswagen is transitioning toward a more circular and electric-focused model [22].