Volkswagen suffered a slump in profits in the second quarter and reduced the margin forecast that was already corrected downwards for the year as a whole.
In addition, the DAX group also received the sales goal for this year. According to the announcement, the revenue sees the Wolfsburg car company in 2025 only at the level of the previous year. So far, an increase has been promised by up to 5 percent. The operational return is now to be in the corridor of 4.0 to 5.0 percent – VW had recently predicted a range of 5.5 to 6.5 percent, but has already targeted the lower end of the range.
In the three months, sales fell by 3 percent to 80.806 billion euros. The operational result was only 3.834 billion euros, compared to 5.427 billion in the previous year. The corresponding margin dropped to 4.7 out of 6.5 percent in the quarter.
VW kern brand earns more than Porsche and Audi together in the quarter
The Volkswagen core brand VW Car has achieved significantly more operational profit in the second quarter and thus even has the former winning guarantees in the group, Porsche and Audi. The Group’s Wolfsburg heart drove an operational result of 991 million euros, almost six times as much as in the very weak period of the previous year, as was the result of the VW interim report on Friday.
In the Ingolstadt from Audi, the operational profit dropped by two thirds to 550 million euros. The sports car manufacturer Porsche earned only 154 million euros after 1.7 billion a year earlier.
Porsche and Audi are particularly difficult in China, and high renovation costs are currently burdening their profits. Audi wants to delete 7,500 jobs and Porsche at least 1,900 jobs. Audi also launches new models, which in the meantime makes sales stall. In contrast, the core brand VW benefits financially from the fact that the group passed a large savings program at the end of last year and over 35,000 jobs will be canceled by 2030 – 4,000 have already been dismantled.
The Czech subsidiary Skoda. In the three months by the end of June, this earned 739 million euros after 614 million euros in the second quarter of the previous year. It achieved the best quarterly result of the brand by far. Skoda thus drove an operational margin of 9.5 percent, while it was only 4.5 percent at VW car.
In pre -exchanging trading, it is temporarily down to EUR 93.12 for the preferred shares for preferred shares.
Dow Jones / DPA-AFX
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