Volkswagen Group Reports Q3 Loss Despite 2.3% Increase in Sales Revenue

Third Quarter Financial Performance: Volkswagen Group reported a third quarter loss after tax of 1.07 billion euros, a significant decline from a profit of 1.56 billion euros in the previous year, with an operating loss of 1.30 billion euros.

Nine Month Overview: For the nine-month period, profit after tax fell by 61.5% to 3.40 billion euros, while operating results dropped 58% to 5.4 billion euros, despite a slight increase in sales revenue to 238.7 billion euros.

Vehicle Sales: The Group sold 6.6 million vehicles in the nine-month period, a marginal increase from 6.5 million vehicles sold in the same period last year.

Future Projections: Volkswagen expects its sales revenue for 2025 to align with the previous year, with an operating return on sales projected between 2.0 and 3.0 percent, and an investment ratio in the Automotive Division estimated at 12 to 13 percent.