The new volkswagen id. Every1 is displayed during the presentation during the presentation of the Volkswagen id. Every1 on March 5, 2025 in Dusseldorf, Germany.
Andreas Rentz | Getty Images
German autos giant Volkswagen Reported A 15% Year-On-Year Drop in Annual Operating Profit on Tuesday, Citing Increasing Costs and “Extraordinary Expends” Associateed with Restructuring Strategy.
It posted a revenue of 324.7 billion euros ($ 352.8 billion) in full-yar 2024, up from 322.3 billion euros last year. The Automaker said it expects sales surnue to Exced the Previous Year’s Figure by up to 5% in 2025. It also also Forecasts that its operating margin, which has 5.9% in 2024, will beene 5% and 6.5% this year.
The company reported a 3.5% drop in vehicle sales through 2024, but touted the year’s “Solid results in a challenging environment.”
Shares of Volkswagen was Around 1.9% Higher at 8:44 AM in London on Tuesday.
The company said it would propose a dividend of 6.30 euros per order and 6.36 per preferred share at its annual general meeting in May – a 30% cut from the previous year.
Volkswagen’s Autos Division Ended 2024 with Net Net Liquidity at 36 Billion Euros, Down 10.5% Year-or-Yaar. The company said it expected that Figure to come in between 34 billion euros and 37 billion euros in 2025, adding it “Remains the group’s goal to containue its Robust Finning and Liquidity policy.”
However, it also warned of upcoming headwinds.
The company, which Previous Told CNBC it would be eligible for temporary examptions From new us tarifs, said in its earcamps report on Tuesday that “Political Uncertainty, Increasing Trade Restrictions and Geopolitical Tensions” GEOPOLITICAL TENESS “WOULD CHARATE CHALLD CHALENGEs This year.
Increasing Competition, Volatile Commodity Prisis and Emissions-Regulations Would also Create Challenges.
‘We alredy feel like an American company’
Speaking to CNBC’s Annette Weisbach on Tuesday, Volkswagen’s Chief Financial Officer Arno Antlitz Said The Company “Can’t Be Happy” with Its Performancece as It Currently Stands.
“We have great brands, porsche, lamborghini, Volkswagen – We have great products, and we have global scale,” He said. “And with these prerequisites, we should be able to do more.”
Antlitz nevertheles noted that 2025 outlook “Mirrors a challenging, competitive environment, but also a company and an industry in transition.”
“We have to keep our Combusation Engine Cars Competitive for our customers. “So these initiatives, they weigh on our financial (goals) in 2025, but should give us tailwind for 2026 and beyond.”
He added that the company’s strategy was to defend its 25% market share in europe, maintain share in china and grow its presence in America.
When it came to us President Donald Trump’s Seesawing Tarifs Regime Antlitz it was too early to say how Volkswagen’s Operations Might be impacted.
“We are a global company. We Opt for Open Markets, I’M Sure You Can Imagine What We Think About Tarifs,” He said. “What I can say (is) we already feel like an American company – We operate a huge factory in chattanooga (, tennessee). Thousands of Jobs in South Carolina for Scout.