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höhere Fixkosten und Rückstellungen für Restrukturierungen",null]" href=""><div class="icon -etc"></div></a><a class="btn -white share-popover-content--button -email" target="_blank" native-share="hide-if-enabled" track_event="["sharing","share-email","press_release#18768: Volkswagen Group: Neunmonatsergebnis beeinflusst durch höhere Fixkosten und Rückstellungen für Restrukturierungen",null]" href="mailto:?body=%0AVolkswagen%20Group%E2%80%99s%20nine-month%20results%20impacted%20by%20higher%20fixed%20costs%20and%20restructuring%20provisions%0Ahttps%3A%2F%2Fwww.volkswagen-group.com%2Fen%2Fpress-releases%2Fvolkswagen-groups-nine-month-results-impacted-by-higher-fixed-costs-and-restructuring-provisions-18768%0A%0A"><div class="icon -email"></div></a></div></div> </div> </div> <div class='page-head--media-contacts'> <div class='media-contact-group'> <div class='media-contact'> <div class='media-contact--image'> <span id="element_uid_1_root" class="cropped-image"><span class="cropped-image--sizer" style="--image-aspect-ratio: 1/1"></span><img alt="Christopher Hauss" style="width:100%;height:100%;object-fit:cover;object-position:50% 0%;" srcset="https://uploads.vw-mms.de/system/production/media_contacts/cws/001/965/photos/f231cf341609a0e3b26a38ffb685ecec1b8622ff/thumb_Christopher_Hauss.jpg?1685718947 110w 74h, https://uploads.vw-mms.de/system/production/media_contacts/cws/001/965/photos/f231cf341609a0e3b26a38ffb685ecec1b8622ff/public_Christopher_Hauss.jpg?1685718947 220w 147h" src="https://uploads.vw-mms.de/system/production/media_contacts/cws/001/965/photos/f231cf341609a0e3b26a38ffb685ecec1b8622ff/public_Christopher_Hauss.jpg?1685718947" sizes="min(100vw, 1440px)" class="" decoding="async" /></span> </div> <div class='media-contact--details'> <div class='media-contact--name'> Christopher Hauss </div> <div class='media-contact--position'> <span> Corporate Communications </span> <span> Head of Strategy & Finance Communications </span> </div> <div class='media-contact--contact-information'> <span> <a href="tel:+49-171-8769-225">+49 (0) 171 8769 225</a> </span> <span class='nowrap'> <a href="mailto:christopher.hauss@volkswagen.de">christopher.hauss@volkswagen.de</a> </span> </div> </div> </div> <div class='media-contact'> <div class='media-contact--image'> <span id="element_uid_2_root" class="cropped-image"><span class="cropped-image--sizer" style="--image-aspect-ratio: 1/1"></span><img alt="Christoph Oemisch" style="width:100%;height:100%;object-fit:cover;object-position:50% 0%;" src="https://uploads.vw-mms.de/system/production/media_contacts/cws/001/954/photos/881e2787bb2ff9b20061f27202354ac542d5ba15/public_Christoph_Oemisch.jpg?1685718942" srcset="https://assets.vw-mms.de/assets/images/blank-77M5IJTZ.png" data-sizes="auto" data-srcset="https://uploads.vw-mms.de/system/production/media_contacts/cws/001/954/photos/881e2787bb2ff9b20061f27202354ac542d5ba15/thumb_Christoph_Oemisch.jpg?1685718942 110w 74h, https://uploads.vw-mms.de/system/production/media_contacts/cws/001/954/photos/881e2787bb2ff9b20061f27202354ac542d5ba15/public_Christoph_Oemisch.jpg?1685718942 220w 147h" class="lazyload" decoding="async" /></span> </div> <div class='media-contact--details'> <div class='media-contact--name'> Christoph Oemisch </div> <div class='media-contact--position'> <span> Corporate Communications </span> <span> Spokesperson Finance and Sales </span> </div> <div class='media-contact--contact-information'> <span> <a href="tel:+49-536-1918-895">+49 (0) 536 1918 895</a> </span> <span class='nowrap'> <a href="mailto:christoph.oemisch@volkswagen.de">christoph.oemisch@volkswagen.de</a> </span> </div> </div> </div> </div> </div> </div> </div> <div class='page-head-container--image'> <figure class='image'> <div class='image--image'> <span id="element_uid_3_root" class="cropped-image"><span class="cropped-image--sizer" style="--image-aspect-ratio: 1163/654"></span><img alt="Presentation title slide "Interim Report January - September 2024" with an abstract, curved design." style="width:100%;height:100%;object-fit:cover;object-position:0% 50%;" src="https://uploads.vw-mms.de/system/production/images/cws/083/241/images_file_en/54052d9d48a9555634782ed248df97bd11d627f7/B2024CW00378_web_1600.jpg?1728470475" srcset="https://assets.vw-mms.de/assets/images/blank-77M5IJTZ.png" data-sizes="auto" data-srcset="https://uploads.vw-mms.de/system/production/images/cws/083/241/images_file_en/54052d9d48a9555634782ed248df97bd11d627f7/B2024CW00378_retina_2400.jpg?1728470475 1163w 654h, https://uploads.vw-mms.de/system/production/images/cws/083/241/images_file_en/54052d9d48a9555634782ed248df97bd11d627f7/B2024CW00378_retina_2000.jpg?1728470475 1163w 654h, https://uploads.vw-mms.de/system/production/images/cws/083/241/images_file_en/54052d9d48a9555634782ed248df97bd11d627f7/B2024CW00378_web_1600.jpg?1728470475 1163w 654h, https://uploads.vw-mms.de/system/production/images/cws/083/241/images_file_en/54052d9d48a9555634782ed248df97bd11d627f7/B2024CW00378_web_1160.jpg?1728470475 1160w 652h, https://uploads.vw-mms.de/system/production/images/cws/083/241/images_file_en/54052d9d48a9555634782ed248df97bd11d627f7/B2024CW00378_web_804.jpg?1728470475 804w 452h, https://uploads.vw-mms.de/system/production/images/cws/083/241/images_file_en/54052d9d48a9555634782ed248df97bd11d627f7/B2024CW00378_web_466.jpg?1728470475 466w 262h, https://uploads.vw-mms.de/system/production/images/cws/083/241/images_file_en/54052d9d48a9555634782ed248df97bd11d627f7/B2024CW00378_web_390.jpg?1728470475 390w 219h" class="lazyload" decoding="async" /></span> </div> </figure> </div> </div> </div> <div class="content"><div class="page-row-spacer "></div> <div class="page-row is-nth-1 -outer"><div class="container-narrow"><div class="page-item page-item--intro -root-level" id="item-5c73a9f4-96c9-4458-8af2-eb64aaa2c5f4"><div class='intro-text -left-aligned'> <div class='intro-text--text'> <p>Wolfsburg. The Volkswagen Group expects deliveries to customers to be around 9 million vehicles (2023: 9.24 million vehicles). The company expects Group sales revenue to be around 320 billion euros (2023: 322.3 billion euros).</p> </div> <div class='intro-text--tags'> <div class='tag-list -left-aligned'> <a class="tag" href="/en/tags/performance-1186">#Performance</a> <a class="tag" href="/en/tags/brands-1050">#Brands</a> <a class="tag" href="/en/tags/strategy-1051">#Strategy</a> </div> </div> </div> </div></div></div><div class="page-row-spacer "></div> <div class="page-row is-nth-2 -outer"><div class="page-item page-item--quotation -root-level" id="item-4d638888-f68d-44ff-96d1-da388a7756e8"><figure class='quote-container'> <div class='quote-container--quote'> <div class='quote -has-image'> <blockquote class='quote--text'> <div class='quote--image'> <span id="element_uid_4_root" class="cropped-image"><span class="cropped-image--sizer" style="--image-aspect-ratio: 1/1"></span><img alt="Picture in front of a stone wall of the CFO and COO of the Volkswagen Group" style="width:100%;height:100%;object-fit:cover;object-position:50% 50%;" src="https://uploads.vw-mms.de/system/production/images/cws/081/254/images/8e090b2fe3e5e4da855e08d00c2e42e44f01b76f/B2024CW00083_web_1600.jpg?1709539163" srcset="https://assets.vw-mms.de/assets/images/blank-77M5IJTZ.png" data-sizes="auto" data-srcset="https://uploads.vw-mms.de/system/production/images/cws/081/254/images/8e090b2fe3e5e4da855e08d00c2e42e44f01b76f/B2024CW00083_retina_2400.jpg?1709539163 2400w 1600h, https://uploads.vw-mms.de/system/production/images/cws/081/254/images/8e090b2fe3e5e4da855e08d00c2e42e44f01b76f/B2024CW00083_retina_2000.jpg?1709539163 2000w 1333h, https://uploads.vw-mms.de/system/production/images/cws/081/254/images/8e090b2fe3e5e4da855e08d00c2e42e44f01b76f/B2024CW00083_web_1600.jpg?1709539163 1600w 1067h, https://uploads.vw-mms.de/system/production/images/cws/081/254/images/8e090b2fe3e5e4da855e08d00c2e42e44f01b76f/B2024CW00083_web_1160.jpg?1709539163 1160w 773h, https://uploads.vw-mms.de/system/production/images/cws/081/254/images/8e090b2fe3e5e4da855e08d00c2e42e44f01b76f/B2024CW00083_web_804.jpg?1709539163 804w 536h, https://uploads.vw-mms.de/system/production/images/cws/081/254/images/8e090b2fe3e5e4da855e08d00c2e42e44f01b76f/B2024CW00083_web_466.jpg?1709539163 466w 311h, https://uploads.vw-mms.de/system/production/images/cws/081/254/images/8e090b2fe3e5e4da855e08d00c2e42e44f01b76f/B2024CW00083_web_390.jpg?1709539163 390w 260h" class="lazyload" decoding="async" /></span> </div> “Our nine-month results reflect a challenging market environment and underline the importance of delivering on the performance programs we have launched across the Group. Volkswagen Brand reported an operating margin of only two percent after nine months. This highlights the urgent need for significant cost reductions and efficiency gains. Our product momentum gives us confidence. A significantly improved order intake in Western Europe in Q3 year-on-year is testament to our strengthened product line-up, from combustion engine cars to hybrids and full-electric vehicles and provides tailwind for the final quarter.” </blockquote> <div class='quote--caption'> <div class='quote--author'> <div class='quote--spacer'></div> <figcaption> <strong> Arno Antlitz </strong> CFO & COO Volkswagen Group </figcaption> </div> <div class='quote--actions'> <button class="share-button btn -icon quote--share-button" type="button"><span class="share-button--icon icon -share"></span></button><div class="share-button--popover-content"><div class="share-popover-content"><a class="btn -white share-popover-content--button -x" social-popup="true" track_event="["sharing","share-twitter","quote on press_release#18768: \"Our nine-month results reflect a challenging market envi...",null]" href="https://twitter.com/intent/post?url=https%3A%2F%2Fwww.volkswagen-group.com%2Fen%2Fpress-releases%2Fvolkswagen-groups-nine-month-results-impacted-by-higher-fixed-costs-and-restructuring-provisions-18768&text=%E2%80%9COur+nine-month+results+reflect+a+challenging+market+environment+and+underline+the+importance+of+delivering+on+the+performance+programs+we+have+launched+across+the+Group.+Volkswagen+Brand+reported+an+operating+margin+of+only+two+percent+after+nine+months.+This+highlights+the+urgent+need+for+significant+cost+reductions+and+efficiency+gains.+Our+product+momentum+gives+us+confidence.+A+significantly+improved+order+intake+in+Western+Europe+in+Q3+year-on-year+is+testament+to+our+strengthened+product+line-up%2C+from+combustion+engine+cars+to+hybrids+and+full-electric+vehicles+and+provides+tailwind+for+the+final+quarter.%E2%80%9D+%E2%80%93+Arno+Antlitz+%40volkswagen"><div class="icon -x"></div></a><a class="btn -white share-popover-content--button -facebook" social-popup="true" track_event="["sharing","share-facebook","quote on press_release#18768: \"Our nine-month results reflect a challenging market envi...",null]" href="https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.volkswagen-group.com%2Fen%2Fpress-releases%2Fvolkswagen-groups-nine-month-results-impacted-by-higher-fixed-costs-and-restructuring-provisions-18768"><div class="icon -facebook"></div></a><a class="btn -white share-popover-content--button -linkedin" social-popup="true" track_event="["sharing","share-linkedin","quote on press_release#18768: \"Our nine-month results reflect a challenging market envi...",null]" href="https://www.linkedin.com/sharing/share-offsite/?url=https%3A%2F%2Fwww.volkswagen-group.com%2Fen%2Fpress-releases%2Fvolkswagen-groups-nine-month-results-impacted-by-higher-fixed-costs-and-restructuring-provisions-18768"><div class="icon -linkedin"></div></a><a class="btn -white share-popover-content--button -native" native-share="" up-data="{"url":"https://www.volkswagen-group.com/en/press-releases/volkswagen-groups-nine-month-results-impacted-by-higher-fixed-costs-and-restructuring-provisions-18768","text":"“Our nine-month results reflect a challenging market environment and underline the importance of delivering on the performance programs we have launched across the Group. 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Volkswagen Brand reported an operating margin of only two percent after nine months. This highlights the urgent need for significant cost reductions and efficiency gains. Our product momentum gives us confidence. A significantly improved order intake in Western Europe in Q3 year-on-year is testament to our strengthened product line-up, from combustion engine cars to hybrids and full-electric vehicles and provides tailwind for the final quarter.” – Arno Antlitz, CFO \u0026 COO Volkswagen Group"}" track_event="["sharing","share-native","quote on press_release#18768: \"Our nine-month results reflect a challenging market envi...",null]" href=""><div class="icon -etc"></div></a><a class="btn -white share-popover-content--button -email" target="_blank" native-share="hide-if-enabled" track_event="["sharing","share-email","quote on press_release#18768: \"Our nine-month results reflect a challenging market envi...",null]" href="mailto:?body=%0A%E2%80%9COur%20nine-month%20results%20reflect%20a%20challenging%20market%20environment%20and%20underline%20the%20importance%20of%20delivering%20on%20the%20performance%20programs%20we%20have%20launched%20across%20the%20Group.%20Volkswagen%20Brand%20reported%20an%20operating%20margin%20of%20only%20two%20percent%20after%20nine%20months.%20This%20highlights%20the%20urgent%20need%20for%20significant%20cost%20reductions%20and%20efficiency%20gains.%20Our%20product%20momentum%20gives%20us%20confidence.%20A%20significantly%20improved%20order%20intake%20in%20Western%20Europe%20in%20Q3%20year-on-year%20is%20testament%20to%20our%20strengthened%20product%20line-up%2C%20from%20combustion%20engine%20cars%20to%20hybrids%20and%20full-electric%20vehicles%20and%20provides%20tailwind%20for%20the%20final%20quarter.%E2%80%9D%0A%E2%80%93%20Arno%20Antlitz%2C%20CFO%20%26%20COO%20Volkswagen%20Group%0Ahttps%3A%2F%2Fwww.volkswagen-group.com%2Fen%2Fpress-releases%2Fvolkswagen-groups-nine-month-results-impacted-by-higher-fixed-costs-and-restructuring-provisions-18768%0A%0A"><div class="icon -email"></div></a></div></div> </div> </div> </div> </div> <div class='quote-container--image'> <span id="element_uid_5_root" class="cropped-image"><span class="cropped-image--sizer" style="--image-aspect-ratio: 3/2"></span><img alt="Picture in front of a stone wall of the CFO and COO of the Volkswagen Group" style="width:100%;height:100%;object-fit:cover;object-position:50% 50%;" src="https://uploads.vw-mms.de/system/production/images/cws/081/254/images/8e090b2fe3e5e4da855e08d00c2e42e44f01b76f/B2024CW00083_web_1600.jpg?1709539163" srcset="https://assets.vw-mms.de/assets/images/blank-77M5IJTZ.png" data-sizes="auto" data-srcset="https://uploads.vw-mms.de/system/production/images/cws/081/254/images/8e090b2fe3e5e4da855e08d00c2e42e44f01b76f/B2024CW00083_retina_2400.jpg?1709539163 2400w 1600h, https://uploads.vw-mms.de/system/production/images/cws/081/254/images/8e090b2fe3e5e4da855e08d00c2e42e44f01b76f/B2024CW00083_retina_2000.jpg?1709539163 2000w 1333h, https://uploads.vw-mms.de/system/production/images/cws/081/254/images/8e090b2fe3e5e4da855e08d00c2e42e44f01b76f/B2024CW00083_web_1600.jpg?1709539163 1600w 1067h, https://uploads.vw-mms.de/system/production/images/cws/081/254/images/8e090b2fe3e5e4da855e08d00c2e42e44f01b76f/B2024CW00083_web_1160.jpg?1709539163 1160w 773h, https://uploads.vw-mms.de/system/production/images/cws/081/254/images/8e090b2fe3e5e4da855e08d00c2e42e44f01b76f/B2024CW00083_web_804.jpg?1709539163 804w 536h, https://uploads.vw-mms.de/system/production/images/cws/081/254/images/8e090b2fe3e5e4da855e08d00c2e42e44f01b76f/B2024CW00083_web_466.jpg?1709539163 466w 311h, https://uploads.vw-mms.de/system/production/images/cws/081/254/images/8e090b2fe3e5e4da855e08d00c2e42e44f01b76f/B2024CW00083_web_390.jpg?1709539163 390w 260h" class="lazyload" decoding="async" /></span> </div> </figure> </div></div><div class="page-row-spacer "></div> <div class="page-row is-nth-3 -outer"><div class="container-fluid"><div class="page-item page-item--headline -root-level" id="item-d0a65f4a-e275-4d9b-9f12-ba94ec168fbd"><h2 id="key-figures">Key Figures </h2></div></div></div><div class="page-row-spacer -for-h2"></div> <div class="page-row is-nth-4 -outer" style="--iconbox-digits: 5"><div class="container-fluid"><div class="row for-column-items"><div class="page-item page-item--column -root-level page-item--first-item-in-row column-width-50 col-sm-6" id="item-f9a33812-ea99-4c38-824d-e1621e1fd0b5"><div class="page-row-spacer "></div> <div class="page-row is-nth-1"><div class="page-item page-item--icon-box" id="item-3c5f082b-51d9-42d4-9a68-1a19812d8c38"><div class='icon-box -number'> <div class='icon-box--title -upper'> EUR </div> <div class='icon-box--number'><span class='icon-box--number--digits' number-counter> 237.3 </span></div> <div class='icon-box--title -lower'> billion sales revenue </div> <div class='icon-box--text'> in 9M 2024, slightly up from 9M 2023 (EUR 235.1 billion) </div> </div> </div></div><div class="page-row-spacer "></div> </div><div class="page-item page-item--column -root-level page-item--last-item-in-row column-width-50 col-sm-6" id="item-d379c6dc-589c-4f48-9793-2581c42cf92b"><div class="page-row-spacer "></div> <div class="page-row is-nth-1"><div class="page-item page-item--text" id="item-05467245-fb44-456e-9ea1-cc449f6d9a79"><div class='text-block style-links-for-body-text' style='column-count: 1'> Group sales revenue up slightly year-on-year due to volume-related increases in the Financial Services business. Sales revenue in the automotive business was 1% below the prior-year level due to lower volumes. </div> </div></div><div class="page-row-spacer "></div> </div></div></div></div><div class="page-row-spacer "></div> <div class="page-row is-nth-5 -outer" style="--iconbox-digits: 4"><div class="container-fluid"><div class="row for-column-items"><div class="page-item page-item--column -root-level page-item--first-item-in-row column-width-50 col-sm-6" id="item-45596a41-c6da-42f0-9147-f7452dc3ce00"><div class="page-row-spacer "></div> <div class="page-row is-nth-1"><div class="page-item page-item--icon-box" id="item-af6f1173-86cd-409f-8ba3-b1ceb6015412"><div class='icon-box -number'> <div class='icon-box--title -upper'> EUR </div> <div class='icon-box--number'><span class='icon-box--number--digits' number-counter> 12.9 </span></div> <div class='icon-box--title -lower'> billion Operating Result </div> <div class='icon-box--text'> in 9M 2024, 21% below 9M 2023 (EUR 16.2 billion); Operating Margin of 5.4% </div> </div> </div></div><div class="page-row-spacer "></div> </div><div class="page-item page-item--column -root-level page-item--last-item-in-row column-width-50 col-sm-6" id="item-ece37974-c4c6-4e2b-b98e-adb7a7f08188"><div class="page-row-spacer "></div> <div class="page-row is-nth-1"><div class="page-item page-item--text" id="item-bbace547-d8d9-49df-882f-c17de76e0669"><div class='text-block style-links-for-body-text' style='column-count: 1'> Operating Result impacted by Brand Group Core performance and significant restructuring expenses of EUR 2.2 billion, mainly at Brand Group Core and Brand Group Progressive as well as higher fixed costs and expenses for the introduction of new products; underlying Operating Margin at 6.5%. </div> </div></div><div class="page-row-spacer "></div> </div></div></div></div><div class="page-row-spacer "></div> <div class="page-row is-nth-6 -outer" style="--iconbox-digits: 3"><div class="container-fluid"><div class="row for-column-items"><div class="page-item page-item--column -root-level page-item--first-item-in-row column-width-50 col-sm-6" id="item-9b42bd33-83e9-47ef-8084-a197fd350e39"><div class="page-row-spacer "></div> <div class="page-row is-nth-1"><div class="page-item page-item--icon-box" id="item-993b0211-a904-40ea-a962-c08acd530c6d"><div class='icon-box -number'> <div class='icon-box--title -upper'> EUR </div> <div class='icon-box--number'><span class='icon-box--number--digits' number-counter> 3.3 </span></div> <div class='icon-box--title -lower'> billion Net Cash Flow </div> <div class='icon-box--text'> in the Automotive Division in 9M 2024 (EUR 4.9 billion) </div> </div> </div></div><div class="page-row-spacer "></div> </div><div class="page-item page-item--column -root-level page-item--last-item-in-row column-width-50 col-sm-6" id="item-5060a723-aada-4adf-b29b-217efd84c223"><div class="page-row-spacer "></div> <div class="page-row is-nth-1"><div class="page-item page-item--text" id="item-4f78b022-e40b-4212-91c0-d2b5253c8e79"><div class='text-block style-links-for-body-text' style='column-count: 1'> 9M 2024 Net Cash Flow down 34% over last year period; solid Q3 2024 Net Cash Flow supported by release of working capital. </div> </div></div><div class="page-row-spacer "></div> </div></div></div></div><div class="page-row-spacer "></div> <div class="page-row is-nth-7 -outer" style="--iconbox-digits: 3"><div class="container-fluid"><div class="row for-column-items"><div class="page-item page-item--column -root-level page-item--first-item-in-row column-width-50 col-sm-6" id="item-96b44f16-3d50-47ed-9a9b-ba8e58f83f68"><div class="page-row-spacer "></div> <div class="page-row is-nth-1"><div class="page-item page-item--icon-box" id="item-b2d80e93-a693-4469-fc64-35ad8d1a9b88"><div class='icon-box -number'> <div class='icon-box--number'><span class='icon-box--number--digits' number-counter> 6.5 </span></div> <div class='icon-box--title -lower'> million vehicle sales </div> <div class='icon-box--text'> in 9M 2024, down 4% compared to 9M 2023 (6.8 million) </div> </div> </div></div><div class="page-row-spacer "></div> </div><div class="page-item page-item--column -root-level page-item--last-item-in-row column-width-50 col-sm-6" id="item-72fa151a-60ad-4435-a73b-3685c3ec3c3a"><div class="page-row-spacer "></div> <div class="page-row is-nth-1"><div class="page-item page-item--text" id="item-e03a6814-8160-4fc7-98f0-8178d23b6c8f"><div class='text-block style-links-for-body-text' style='column-count: 1'> Vehicle sales growth in North America (+4%) and South America (+16%) was offset by declines in Western Europe (-1%) and particularly in China (-12%). </div> </div></div><div class="page-row-spacer "></div> </div></div></div></div><div class="page-row-spacer "></div> <div class="page-row is-nth-8 -outer" style="--iconbox-digits: 3"><div class="container-fluid"><div class="row for-column-items"><div class="page-item page-item--column -root-level page-item--first-item-in-row column-width-50 col-sm-6" id="item-5d64e306-636a-498d-bb96-36869a3643c2"><div class="page-row-spacer "></div> <div class="page-row is-nth-1"><div class="page-item page-item--icon-box" id="item-182a332d-1fb4-4ed9-a51f-817758a13c7a"><div class='icon-box -number'> <div class='icon-box--number'> <span class='icon-box--number--sign'>+</span><span class='icon-box--number--digits' number-counter> 9 </span><span class='icon-box--number--percentage-sign'>%</span> </div> <div class='icon-box--title -lower'> order intake </div> <div class='icon-box--text'> for vehicles in Western Europe in 9M 2024 y-o-y </div> </div> </div></div><div class="page-row-spacer "></div> </div><div class="page-item page-item--column -root-level page-item--last-item-in-row column-width-50 col-sm-6" id="item-2d012d2a-a1bf-4899-871e-5497aca0a769"><div class="page-row-spacer "></div> <div class="page-row is-nth-1"><div class="page-item page-item--text" id="item-524e1f70-70f5-42b9-91f8-593314d4efde"><div class='text-block style-links-for-body-text' style='column-count: 1'> New models well received by the markets, strong momentum in Q3 in Western Europe with 27% more orders y-o-y. </div> </div></div><div class="page-row-spacer "></div> </div></div></div></div><div class="page-row-spacer "></div> <div class="page-row is-nth-9 -outer"><div class="container-fluid"><div class="row for-column-items"><div class="page-item page-item--column -root-level page-item--first-item-in-row column-width-33 col-sm-4" id="item-5d558a25-173f-4390-9d28-9717d155e37c"><div class="page-row-spacer "></div> <div class="page-row is-nth-1"><div class="page-item page-item--image" id="item-e6b042ad-1ed5-4844-b5c4-1663d701363d"><figure class='image'> <div class='image--image'> <span id="element_uid_6_root" class="cropped-image"><span class="cropped-image--sizer" style="--image-aspect-ratio: 1/1"></span><img alt="9-month results reflecting the challenging market environment. Comparison of sales figures, revenue, and operating result with percentage changes compared to the previous year." style="width:100%;height:100%;object-fit:cover;object-position:0% 0%;" src="https://uploads.vw-mms.de/system/production/images/cws/083/404/images_file_en/5092a576df54d4fa82deaf1bd603b1f9cd77b09f/B2024CW00397_web_1600.jpg?1730264333" srcset="https://assets.vw-mms.de/assets/images/blank-77M5IJTZ.png" data-sizes="auto" data-srcset="https://uploads.vw-mms.de/system/production/images/cws/083/404/images_file_en/5092a576df54d4fa82deaf1bd603b1f9cd77b09f/B2024CW00397_retina_2400.jpg?1730264333 1080w 1080h, https://uploads.vw-mms.de/system/production/images/cws/083/404/images_file_en/5092a576df54d4fa82deaf1bd603b1f9cd77b09f/B2024CW00397_retina_2000.jpg?1730264333 1080w 1080h, https://uploads.vw-mms.de/system/production/images/cws/083/404/images_file_en/5092a576df54d4fa82deaf1bd603b1f9cd77b09f/B2024CW00397_web_1600.jpg?1730264333 1080w 1080h, https://uploads.vw-mms.de/system/production/images/cws/083/404/images_file_en/5092a576df54d4fa82deaf1bd603b1f9cd77b09f/B2024CW00397_web_1160.jpg?1730264333 1080w 1080h, https://uploads.vw-mms.de/system/production/images/cws/083/404/images_file_en/5092a576df54d4fa82deaf1bd603b1f9cd77b09f/B2024CW00397_web_804.jpg?1730264333 804w 804h, https://uploads.vw-mms.de/system/production/images/cws/083/404/images_file_en/5092a576df54d4fa82deaf1bd603b1f9cd77b09f/B2024CW00397_web_466.jpg?1730264333 466w 466h, https://uploads.vw-mms.de/system/production/images/cws/083/404/images_file_en/5092a576df54d4fa82deaf1bd603b1f9cd77b09f/B2024CW00397_web_390.jpg?1730264333 390w 390h" class="lazyload" decoding="async" /></span> </div> </figure> </div></div><div class="page-row-spacer "></div> </div><div class="page-item page-item--column -root-level page-item--last-item-in-row column-width-33 col-sm-4" id="item-48fc9c57-7b23-4652-a8b2-f4f88bd076bd"><div class="page-row-spacer "></div> <div class="page-row is-nth-1"><div class="page-item page-item--image" id="item-d44c861a-1c2e-4d07-903f-44aeec441a63"><figure class='image'> <div class='image--image'> <span id="element_uid_7_root" class="cropped-image"><span class="cropped-image--sizer" style="--image-aspect-ratio: 1/1"></span><img alt="2024 outlook for the automotive sector, showing revenue, operating margin, net cash flow, and net liquidity. Projected values in billions of euros." style="width:100%;height:100%;object-fit:cover;object-position:0% 0%;" src="https://uploads.vw-mms.de/system/production/images/cws/083/405/images_file_en/a06e0512fc877477c63bccce573aa53b162baaf9/B2024CW00398_web_1600.jpg?1730264396" srcset="https://assets.vw-mms.de/assets/images/blank-77M5IJTZ.png" data-sizes="auto" data-srcset="https://uploads.vw-mms.de/system/production/images/cws/083/405/images_file_en/a06e0512fc877477c63bccce573aa53b162baaf9/B2024CW00398_retina_2400.jpg?1730264396 1080w 1080h, https://uploads.vw-mms.de/system/production/images/cws/083/405/images_file_en/a06e0512fc877477c63bccce573aa53b162baaf9/B2024CW00398_retina_2000.jpg?1730264396 1080w 1080h, https://uploads.vw-mms.de/system/production/images/cws/083/405/images_file_en/a06e0512fc877477c63bccce573aa53b162baaf9/B2024CW00398_web_1600.jpg?1730264396 1080w 1080h, https://uploads.vw-mms.de/system/production/images/cws/083/405/images_file_en/a06e0512fc877477c63bccce573aa53b162baaf9/B2024CW00398_web_1160.jpg?1730264396 1080w 1080h, https://uploads.vw-mms.de/system/production/images/cws/083/405/images_file_en/a06e0512fc877477c63bccce573aa53b162baaf9/B2024CW00398_web_804.jpg?1730264396 804w 804h, https://uploads.vw-mms.de/system/production/images/cws/083/405/images_file_en/a06e0512fc877477c63bccce573aa53b162baaf9/B2024CW00398_web_466.jpg?1730264396 466w 466h, https://uploads.vw-mms.de/system/production/images/cws/083/405/images_file_en/a06e0512fc877477c63bccce573aa53b162baaf9/B2024CW00398_web_390.jpg?1730264396 390w 390h" class="lazyload" decoding="async" /></span> </div> </figure> </div></div><div class="page-row-spacer "></div> </div></div></div></div><div class="page-row-spacer "></div> <div class="page-row is-nth-10 -outer"><div class="container-fluid"><div class="page-item page-item--headline -root-level" id="item-ad1928f0-f6c1-4131-91d0-d01723e0e45e"><h2 id="outlook-for-2024-as-per-ad-hoc-release-from-sep-27-2024">Outlook for 2024 as per ad hoc release from Sep 27, 2024 </h2></div></div></div><div class="page-row-spacer -for-h2"></div> <div class="page-row is-nth-11 -outer"><div class="container-narrow"><div class="page-item page-item--text -root-level" id="item-d9cfded0-c943-4289-abc3-778cf64ca6bb"><div class='text-block style-links-for-body-text' style='column-count: 1'> <p>The Volkswagen Group expects deliveries to customers to be around 9 million vehicles (2023: 9.24 million vehicles). The company expects Group sales revenue to be around 320 billion euros (2023: 322.3 billion euros).</p><p>In terms of operating result, the company expects to achieve around 18 billion euros (corresponding to an operating return on sales of around 5.6%).</p><p>In the Automotive Division, the Group expects the net cash flow to reach around 2 billion euros. This forecast includes the assumption of cash outs for M&A activities in the amount of around 3.5 billion euros, of which approximately 2 billion euros is attributable to cash out in connection with the planned joint venture with Rivian. Net liquidityin the Automotive Division is expected to be in the range of 36 to 37 billion euros in 2024.</p> </div> </div></div></div><div class="page-row-spacer "></div> <div class="page-row is-nth-12 -outer"><div class="page-item page-item--section -root-level" id="item-2159d781-c641-4283-81b0-2a5d2f0e2365"><div class='full-width-section -corporate-blue'> <div class="page-row-spacer "></div> <div class="page-row is-nth-1 -outer"><div class="container-fluid"><div class="page-item page-item--headline" id="item-c2169fbd-7080-434e-f0a7-0902aeac7e3b"><h2 id="further-information-on-the-brand-groups">Further information on the brand groups </h2></div></div></div><div class="page-row-spacer -for-h2"></div> <div class="page-row is-nth-2 -outer"><div class="container-fluid"><div class="row for-column-items"><div class="page-item page-item--column page-item--first-item-in-row column-width-33 col-sm-4" id="item-4d30f345-932b-4d8e-bae4-cdaf84f4c278"><div class="page-row-spacer "></div> <div class="page-row is-nth-1"><div class="page-item page-item--headline" id="item-d54037b5-23d3-49c9-a5a4-d9a2a5985534"><h2 id="core">Core </h2></div></div><div class="page-row-spacer -for-h2"></div> <div class="page-row is-nth-2"><div class="page-item page-item--text" id="item-c4da3bd9-57c1-41c8-98b2-3e5200e12cbe"><div class='text-block style-links-for-body-text' style='column-count: 1'> <p>Sales revenue at prior year level; Operating Margin decreased to 4.4% mainly due to higher fixed costs and restructuring expenses. Underlying Operating Margin before restructuring expenses at 5.2%.</p><p><u><a href="https://www.volkswagen-group.com/en/financial-news-17302" target="_blank">Q3 Results Core on Oct. 31, 2024</a></u><u></u></p> </div> </div></div><div class="page-row-spacer "></div> </div><div class="page-item page-item--column column-width-33 col-sm-4" id="item-cd5053c8-89db-4a4a-b30e-0b6feac4471e"><div class="page-row-spacer "></div> <div class="page-row is-nth-1"><div class="page-item page-item--headline" id="item-c5fc9ed6-5da9-4607-88ba-fa4bb35f035e"><h2 id="progressive">Progressive </h2></div></div><div class="page-row-spacer -for-h2"></div> <div class="page-row is-nth-2"><div class="page-item page-item--text" id="item-915e2101-31c8-43f4-a6a9-278f0032a4cd"><div class='text-block style-links-for-body-text' style='column-count: 1'> <p>Strong decline in sales revenue driven by supply chain shortages; Operating Margin declines to 4.5%; Operating Margin before restructuring expenses and valuation effects at ~8%.</p><p><a href="https://www.audi.com/en/company/investor-relations.html" target="_blank">Q3 Results Progressive on Nov. 5, 2024</a></p> </div> </div></div><div class="page-row-spacer "></div> </div><div class="page-item page-item--column page-item--last-item-in-row column-width-33 col-sm-4" id="item-fa1f2701-63e1-4bca-baba-2c3b7f0e7ff7"><div class="page-row-spacer "></div> <div class="page-row is-nth-1"><div class="page-item page-item--headline" id="item-7cc55da8-8f13-499f-a99a-bea25140475b"><h2 id="sport-luxury">Sport Luxury </h2></div></div><div class="page-row-spacer -for-h2"></div> <div class="page-row is-nth-2"><div class="page-item page-item--text" id="item-f645e665-d819-4101-9e45-f6af1ed98429"><div class='text-block style-links-for-body-text' style='column-count: 1'> <p>Strong decline in sales revenue driven by the challenging macroeconomic environment and the comprehensive renewal of the product portfolio; Operating Margin declines to 14.6% due to negative effects from lower volumes on fixed cost absorption and higher fixed costs.</p><p><a href="https://investorrelations.porsche.com/en/financial-figures/" target="_blank">Q3 Results Luxury on Oct. 25, 2024</a></p> </div> </div></div><div class="page-row-spacer "></div> </div></div></div></div><div class="page-row-spacer "></div> <div class="page-row is-nth-3 -outer"><div class="container-fluid"><div class="row for-column-items"><div class="page-item page-item--column page-item--first-item-in-row column-width-33 col-sm-4" id="item-3efa7be3-9a8e-408d-a12e-e55833c20d9a"><div class="page-row-spacer "></div> <div class="page-row is-nth-1"><div class="page-item page-item--headline" id="item-7b81fca0-8cf8-4df8-ab89-2a0e47bd7e84"><h2 id="traton-trucks">TRATON Trucks </h2></div></div><div class="page-row-spacer -for-h2"></div> <div class="page-row is-nth-2"><div class="page-item page-item--text" id="item-20ab7a51-5c07-4529-a281-24b6025060f5"><div class='text-block style-links-for-body-text' style='column-count: 1'> <p>Continued strong earnings momentum despite softer demand and vehicle sales; Operating Margin came in at 9.0% supported by improved cost structure.</p><p><a href="/en/articles/traton-group-boosts-sales-revenue-earnings-and-profitability-in-the-first-nine-months-of-2024-18761" target="_blank">Q3 Results TRATON on Oct. 28, 2024</a></p> </div> </div></div><div class="page-row-spacer "></div> </div><div class="page-item page-item--column column-width-33 col-sm-4" id="item-5f735d42-3d24-41af-b3ea-a14898c07ade"><div class="page-row-spacer "></div> <div class="page-row is-nth-1"><div class="page-item page-item--headline" id="item-5292afa3-707d-4aae-b356-c48f02f073b7"><h2 id="cariad">CARIAD </h2></div></div><div class="page-row-spacer -for-h2"></div> <div class="page-row is-nth-2"><div class="page-item page-item--text" id="item-dfd3a985-27b8-4539-84e6-3bcf4b21b631"><div class='text-block style-links-for-body-text' style='column-count: 1'> <p><a href="https://cariad.technology/" target="_blank">CARIAD</a> sales revenue increases driven by stronger demand for software licenses. The Operating Result was below previous year's level due to development costs.</p> </div> </div></div><div class="page-row-spacer "></div> </div><div class="page-item page-item--column page-item--last-item-in-row column-width-33 col-sm-4" id="item-edc9e991-c584-4c55-a6b9-d986073c72e6"><div class="page-row-spacer "></div> <div class="page-row is-nth-1"><div class="page-item page-item--headline" id="item-6c78831b-915d-4c59-8c9a-c1d52ff5f6a4"><h2 id="group-mobility">Group Mobility </h2></div></div><div class="page-row-spacer -for-h2"></div> <div class="page-row is-nth-2"><div class="page-item page-item--text" id="item-c3b93c86-a1f4-459f-8635-7f2f1e46bb67"><div class='text-block style-links-for-body-text' style='column-count: 1'> <p><a href="https://www.vwfs.com/en/investor-relations.html" target="_blank">Financial Services</a> recorded a slight increase of contract volume; credit loss ratio remains stable and on solid level. Continued normalization of used car prices; Operating Result of EUR 2.2 billion.</p> </div> </div></div><div class="page-row-spacer "></div> </div></div></div></div><div class="page-row-spacer "></div> </div> </div></div><div class="page-row-spacer "></div> <div class="page-row is-nth-13 -outer"><div class="container-fluid"><div class="page-item page-item--headline -root-level" id="item-f39958cd-bca0-4c30-e834-a8b10e193a2c"><h2 id="key-figures-volkswagen-group">Key Figures Volkswagen Group </h2></div></div></div><div class="page-row-spacer -for-h2"></div> <div class="page-row is-nth-14 -outer"><div class="container-narrow"><div class="page-item page-item--text -root-level" id="item-fd6204c4-2a69-44f3-dbb4-7f94b6066bfe"><div class='text-block style-links-for-body-text' style='column-count: 1'> <div class="table-responsive" detect-scrollbar><table class="VWblank"><tbody><tr><td></td><td colspan="3"><p><strong>Q3</strong></p></td><td colspan="3"><p><strong>9M</strong></p></td><td></td></tr><tr><td></td><td><p><strong>2024</strong></p></td><td><p>2023</p></td><td><p>%</p></td><td><p><strong>2024</strong></p></td><td><p>2023</p></td><td colspan="2"><p>%</p></td></tr><tr><td><p><strong>Volume Data<sup>1</sup> in thousands</strong></p></td><td></td><td></td><td></td><td></td><td></td><td colspan="2"></td></tr><tr><td><p>Deliveries to customers (units)</p></td><td><p>2,176</p></td><td><p>2,343</p></td><td><p>–7.1</p></td><td><p>6,524</p></td><td><p>6,715</p></td><td colspan="2"><p>–2.8</p></td></tr><tr><td><p>Vehicle sales (units)</p></td><td><p>2,122</p></td><td><p>2,314</p></td><td><p>–8.3</p></td><td><p>6,463</p></td><td><p>6,762</p></td><td colspan="2"><p>–4.4</p></td></tr><tr><td><p>Production (units)</p></td><td><p>2,025</p></td><td><p>2,173</p></td><td><p>–6.8</p></td><td><p>6,632</p></td><td><p>6,864</p></td><td colspan="2"><p>–3.4</p></td></tr><tr><td><p>Employees (on Sep 30, 2024/<br>Dec. 31, 2023)</p></td><td></td><td></td><td></td><td><p>684.3</p></td><td><p>684.0</p></td><td colspan="2"><p>+0.0</p></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td colspan="2"></td></tr><tr><td><p><strong>Financial Data (IFRS), € million</strong></p></td><td></td><td></td><td></td><td></td><td></td><td colspan="2"></td></tr><tr><td><p>Sales revenue</p></td><td><p>78,478</p></td><td><p>78,845</p></td><td><p>–0.5</p></td><td><p>237,279</p></td><td><p>235,102</p></td><td colspan="2"><p>+0.9</p></td></tr><tr><td><p>Operating result</p></td><td><p>2,855</p></td><td><p>4,894</p></td><td><p>–41.7</p></td><td><p>12,907</p></td><td><p>16,241</p></td><td colspan="2"><p>–20.5</p></td></tr><tr><td><p>Operating return on sales (%)</p></td><td><p> 3.6</p></td><td><p> 6.2</p></td><td></td><td><p> 5.4</p></td><td><p> 6.9</p></td><td colspan="2"></td></tr><tr><td><p>Earnings before tax</p></td><td><p>2,356</p></td><td><p>5,801</p></td><td><p>–59.4</p></td><td><p>12,523</p></td><td><p>17,700</p></td><td colspan="2"><p>–29.2</p></td></tr><tr><td><p>Return on sales before tax (%)</p></td><td><p> 3.0</p></td><td><p> 7.4</p></td><td></td><td><p> 5.3</p></td><td><p> 7.5</p></td><td colspan="2"></td></tr><tr><td><p>Earnings after tax</p></td><td><p>1,576</p></td><td><p>4,347</p></td><td><p>–63.7</p></td><td><p>8,917</p></td><td><p>12,868</p></td><td colspan="2"><p>–30.7</p></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td colspan="2"></td></tr><tr><td><p><strong>Automotive Division<sup>2</sup></strong></p></td><td></td><td></td><td></td><td></td><td></td><td colspan="2"></td></tr><tr><td><p>Cash flows from operating activities</p></td><td><p>9,517</p></td><td><p>7,996</p></td><td><p>+19.0</p></td><td><p>20,442</p></td><td><p>21,733</p></td><td colspan="2"><p>–5.9</p></td></tr><tr><td><p>Cash flows from investing activities attributable to operating activities<sup>3</sup></p></td><td><p>6,111</p></td><td><p>5,528</p></td><td><p>+10.5</p></td><td><p>17,165</p></td><td><p>16,795</p></td><td colspan="2"><p>+2.2</p></td></tr><tr><td><p>Net cash flow</p></td><td><p>3,406</p></td><td><p>2,468</p></td><td><p>+38.0</p></td><td><p>3,277</p></td><td><p>4,938</p></td><td colspan="2"><p>–33.6</p></td></tr><tr><td><p>Net liquidity at Sep 30/Dec. 31</p></td><td></td><td></td><td></td><td><p>34,416</p></td><td><p>40,289</p></td><td colspan="2"><p>–14.6</p></td></tr><tr><td><p>Investment ratio</p></td><td><p>13.1</p></td><td><p>14.1</p></td><td></td><td><p>13.6</p></td><td><p>12.5</p></td><td colspan="2"></td></tr></tbody></table></div><p>1) The figures also include the equity-accounted Chinese joint ventures. Prior-year deliveries have been updated to reflect subsequent statistical trends.<br>2) Including allocation of consolidation adjustments between the Automotive and Financial Services divisions.<br>3) Excluding acquisition and disposal of equity investments: Q3 EUR 5,966 (5,630) million, January to September EUR 16,708 (16,284) million.</p> </div> </div></div></div><div class="page-row-spacer "></div> <div class="page-row is-nth-15 -outer"><div class="container-fluid"><div class="page-item page-item--headline -root-level" id="item-73f864d5-3392-4af4-db51-f7061d3a293f"><h2 id="key-figures-by-brand-group-and-business-field-from-january-1-to-september-30">Key figures by brand group and business field from January 1 to September 30 </h2></div></div></div><div class="page-row-spacer -for-h2"></div> <div class="page-row is-nth-16 -outer"><div class="container-narrow"><div class="page-item page-item--text -root-level" id="item-678ebd87-61ba-4172-c0cb-aa4ce79c9eac"><div class='text-block style-links-for-body-text' style='column-count: 1'> <div class="table-responsive" detect-scrollbar><table class="VWblank"><tbody><tr><td></td><td colspan="2"><p>Vehicle sales</p></td><td colspan="2"><p>Sales revenue</p></td><td colspan="2"><p>Operating result</p></td><td colspan="2"><p>Operating margin</p></td></tr><tr><td><p>Thousand vehicles/€ million</p></td><td><p><strong>2024</strong></p></td><td><p>2023</p></td><td><p><strong>2024</strong></p></td><td><p>2023</p></td><td><p><strong>2024</strong></p></td><td><p>2023</p></td><td><p><strong>2024</strong></p></td><td><p>2023</p></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><p>Core brand group</p></td><td><p>3,627</p></td><td><p>3,575</p></td><td><p>101,523</p></td><td><p>101,060</p></td><td><p>4,491</p></td><td><p>4,985</p></td><td><p>4.4</p></td><td><p>4.9</p></td></tr><tr><td><p>Progressive brand group</p></td><td><p>800</p></td><td><p>945</p></td><td><p>46,262</p></td><td><p>50,390</p></td><td><p>2,088</p></td><td><p>4,595</p></td><td><p>4.5</p></td><td><p>9.1</p></td></tr><tr><td><p>Sport Luxury brand group<sup>1</sup></p></td><td><p>221</p></td><td><p>250</p></td><td><p>25,899</p></td><td><p>27,785</p></td><td><p>3,771</p></td><td><p>5,232</p></td><td><p>14.6</p></td><td><p>18.8</p></td></tr><tr><td><p>CARIAD</p></td><td><p>–</p></td><td><p>–</p></td><td><p>652</p></td><td><p>544</p></td><td><p>–2,058</p></td><td><p>–1,728</p></td><td><p>–</p></td><td><p>–</p></td></tr><tr><td><p>Battery</p></td><td><p>–</p></td><td><p>–</p></td><td><p>1</p></td><td><p>2</p></td><td><p>–371</p></td><td><p>–234</p></td><td><p>–</p></td><td><p>–</p></td></tr><tr><td><p>TRATON Commercial Vehicles</p></td><td><p>246</p></td><td><p>250</p></td><td><p>34,266</p></td><td><p>33,349</p></td><td><p>3,097</p></td><td><p>2,662</p></td><td><p>9.0</p></td><td><p>8.0</p></td></tr><tr><td><p>MAN Energy Solutions</p></td><td><p>–</p></td><td><p>–</p></td><td><p>3,136</p></td><td><p>2,876</p></td><td><p>255</p></td><td><p>292</p></td><td></td><td></td></tr><tr><td><p>Equity-accounted companies in China<sup>2</sup></p></td><td><p>1,903</p></td><td><p>2,150</p></td><td><p>–</p></td><td><p>–</p></td><td><p>–</p></td><td><p>–</p></td><td></td><td></td></tr><tr><td><p>Volkswagen Group Mobility</p></td><td><p>–</p></td><td><p>–</p></td><td><p>40,959</p></td><td><p>37,595</p></td><td><p>2,113</p></td><td><p>2,535</p></td><td></td><td></td></tr><tr><td><p>Other<sup>3</sup></p></td><td><p>–335</p></td><td><p>–408</p></td><td><p>– 15,419</p></td><td><p>–18,499</p></td><td><p>–479</p></td><td><p>–2,098</p></td><td></td><td></td></tr><tr><td><p><strong>Volkswagen Group</strong></p></td><td><p><strong>6,463</strong></p></td><td><p><strong>6,762</strong></p></td><td><p><strong>237,279</strong></p></td><td><p><strong>235,102</strong></p></td><td><p><strong>12,907</strong></p></td><td><p><strong>16,241</strong></p></td><td><p>5.4</p></td><td><p>6.9</p></td></tr></tbody></table></div><p>1) Including Porsche Financial Services: sales revenue EUR 28,564 (30,132) million, operating result EUR 4,035 (5,501) million.<br>2) The sales revenue and operating result of the equity-accounted companies in China are not included in the consolidated figures; the share of the operating result generated by these companies amounted to EUR 1,179 (1,880) million.<br>3) In the operating result, mainly intragroup items recognized in profit or loss, in particular from the elimination of intercompany profits; the figure includes depreciation and amortization of identifiable assets as part of purchase price allocation, as well as companies not allocated to the brands.</p> 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page-item--contacts" id="item-1cc8442e-9435-4f65-9c91-30a2b16c1bb8"><div class='media-contact-group'> <div class='media-contact'> <div class='media-contact--image'> <span id="element_uid_8_root" class="cropped-image"><span class="cropped-image--sizer" style="--image-aspect-ratio: 1/1"></span><img alt="Christopher Hauss" style="width:100%;height:100%;object-fit:cover;object-position:50% 0%;" src="https://uploads.vw-mms.de/system/production/media_contacts/cws/001/965/photos/f231cf341609a0e3b26a38ffb685ecec1b8622ff/public_Christopher_Hauss.jpg?1685718947" srcset="https://assets.vw-mms.de/assets/images/blank-77M5IJTZ.png" data-sizes="auto" data-srcset="https://uploads.vw-mms.de/system/production/media_contacts/cws/001/965/photos/f231cf341609a0e3b26a38ffb685ecec1b8622ff/thumb_Christopher_Hauss.jpg?1685718947 110w 74h, https://uploads.vw-mms.de/system/production/media_contacts/cws/001/965/photos/f231cf341609a0e3b26a38ffb685ecec1b8622ff/public_Christopher_Hauss.jpg?1685718947 220w 147h" class="lazyload" decoding="async" /></span> </div> <div class='media-contact--details'> <div class='media-contact--name'> Christopher Hauss </div> <div class='media-contact--position'> <span> Corporate Communications </span> <span> Head of Strategy & Finance Communications </span> </div> <div class='media-contact--contact-information'> <span> <a href="tel:+49-171-8769-225">+49 (0) 171 8769 225</a> </span> <span class='nowrap'> <a href="mailto:christopher.hauss@volkswagen.de">christopher.hauss@volkswagen.de</a> </span> </div> <div class='media-contact--address'> </div> </div> </div> <div class='media-contact'> <div class='media-contact--image'> <span id="element_uid_9_root" class="cropped-image"><span class="cropped-image--sizer" style="--image-aspect-ratio: 1/1"></span><img alt="Christoph Oemisch" style="width:100%;height:100%;object-fit:cover;object-position:50% 0%;" src="https://uploads.vw-mms.de/system/production/media_contacts/cws/001/954/photos/881e2787bb2ff9b20061f27202354ac542d5ba15/public_Christoph_Oemisch.jpg?1685718942" srcset="https://assets.vw-mms.de/assets/images/blank-77M5IJTZ.png" data-sizes="auto" data-srcset="https://uploads.vw-mms.de/system/production/media_contacts/cws/001/954/photos/881e2787bb2ff9b20061f27202354ac542d5ba15/thumb_Christoph_Oemisch.jpg?1685718942 110w 74h, https://uploads.vw-mms.de/system/production/media_contacts/cws/001/954/photos/881e2787bb2ff9b20061f27202354ac542d5ba15/public_Christoph_Oemisch.jpg?1685718942 220w 147h" class="lazyload" decoding="async" /></span> </div> <div class='media-contact--details'> <div class='media-contact--name'> Christoph Oemisch </div> <div class='media-contact--position'> <span> Corporate Communications </span> <span> Spokesperson Finance and Sales </span> </div> <div class='media-contact--contact-information'> <span> <a href="tel:+49-536-1918-895">+49 (0) 536 1918 895</a> </span> <span class='nowrap'> <a href="mailto:christoph.oemisch@volkswagen.de">christoph.oemisch@volkswagen.de</a> </span> </div> <div class='media-contact--address'> </div> </div> </div> </div> </div></div><div class="page-row-spacer "></div> </div><div class="page-item page-item--column page-item--last-item-in-row column-width-50 col-sm-6" id="item-dbd023d2-bf7c-46d8-b952-4ee51c39cff3"><div class="page-row-spacer "></div> <div class="page-row is-nth-1"><div class="page-item page-item--flex" id="item-84c83410-1537-4753-8d2b-3300dc933dc5"><article class='flex-float'> <h3 class='flex-float--title'> Volkswagen Group Interim Report January – September 2024 </h3> <div class='flex-float--text-and-image -small-image'> <figure class='flex-float--image -right -landscape' style='--image-aspect-ratio: 3/2'> <span id="element_uid_10_root" class="cropped-image"><span class="cropped-image--sizer" style="--image-aspect-ratio: 3/2"></span><img alt="2024-JPK-Teaser-blanco" style="width:100%;height:100%;object-fit:cover;object-position:50% 50%;" src="https://uploads.vw-mms.de/system/production/images/cws/081/255/images/58535d186d993ddf7197e56d10ee14bad022ed8d/B2024CW00084_web_1600.jpg?1709623675" srcset="https://assets.vw-mms.de/assets/images/blank-77M5IJTZ.png" data-sizes="auto" data-srcset="https://uploads.vw-mms.de/system/production/images/cws/081/255/images/58535d186d993ddf7197e56d10ee14bad022ed8d/B2024CW00084_retina_2400.jpg?1709623675 1920w 1080h, https://uploads.vw-mms.de/system/production/images/cws/081/255/images/58535d186d993ddf7197e56d10ee14bad022ed8d/B2024CW00084_retina_2000.jpg?1709623675 1920w 1080h, https://uploads.vw-mms.de/system/production/images/cws/081/255/images/58535d186d993ddf7197e56d10ee14bad022ed8d/B2024CW00084_web_1600.jpg?1709623675 1600w 900h, https://uploads.vw-mms.de/system/production/images/cws/081/255/images/58535d186d993ddf7197e56d10ee14bad022ed8d/B2024CW00084_web_1160.jpg?1709623675 1160w 653h, https://uploads.vw-mms.de/system/production/images/cws/081/255/images/58535d186d993ddf7197e56d10ee14bad022ed8d/B2024CW00084_web_804.jpg?1709623675 804w 452h, https://uploads.vw-mms.de/system/production/images/cws/081/255/images/58535d186d993ddf7197e56d10ee14bad022ed8d/B2024CW00084_web_466.jpg?1709623675 466w 262h, https://uploads.vw-mms.de/system/production/images/cws/081/255/images/58535d186d993ddf7197e56d10ee14bad022ed8d/B2024CW00084_web_390.jpg?1709623675 390w 219h" class="lazyload" decoding="async" /></span> </figure> <div class='flex-float--text'> <p>On October 30, 2024 the Volkswagen Group published the results for the third quarter 2024.</p> <div class="flex-float--button"><a class="btn btn-default" href="/en/volkswagen-group-interim-report-january-september-2024-18726">To the event page</a></div> </div> </div> </article> </div></div><div class="page-row-spacer "></div> </div></div></div><div class="page-row-spacer "></div> </div> </div></div></div><div class="page-row-spacer 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