Volkswagen, third quarter within the crimson for 1.3 billion. Estimates confirmed | EUROtoday

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The Volkswagen Group closes the third quarter of 2025 with a adverse working results of 1.3 billion euros, in comparison with the revenue of two.8 billion in the identical interval of 2024. In the primary 9 months of the 12 months, working revenue fell by 58%, to five.4 billion euros, on revenues that grew barely by 0.6% to 238.7 billion. Net revenue stood at 3.4 billion (–61.5%), whereas the working margin compressed to 2.3% (5.4% a 12 months in the past).

The quarter was considerably affected by US commerce tariffs and the restructuring of the Porsche model, which collectively generated extraordinary expenses of seven.5 billion euros, together with goodwill write-downs and realignment of the product technique. Also weighing ramp-up of electrical fashions, characterised by decrease margins in comparison with conventional engines.

In element, the Porsche model – the guts of the Sport Luxury division – information an working lack of 228 million (revenue of three.8 billion in 2024), with revenues down 7.9% to 23.8 billion. The important causes: the slowdown in China, the prices linked to the strategic repositioning on electrical and the influence of US duties.

However, for your complete 2025 monetary 12 months, the main European automotive producer confirms its forecasts of an working margin of between 2 and three%, with revenues according to 2024 and internet liquidity within the space of ​​30 billion euros. In an more and more complicated international context, the German group is attempting to remain the course, balancing the electrical energy transition with the necessity for stringent monetary self-discipline.

Stability for the “Core” group, decline for “Progressive”

The manufacturers of the Core group (Volkswagen, Škoda, SEAT/Cupra, Commercial Vehicles) improved their working end result by 7% to 4.7 billion, with a steady margin at 4.4%, because of price self-discipline and the implementation of the “Zukunft Volkswagen” program. The Progressive division (Audi, Lamborghini, Bentley, Ducati) as a substitute suffered a decline of 26%, to 1.55 billion, penalized by duties and the postponement of an electrical platform for the D phase.