Volkswagen posts 15% fall in annual profit amid restructuring, expects revenue to rise in 2025
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 expenses” associated with its restructuring strategy.
It posted a revenue of 324.7 billion euros ($352.8 billion) in full-year 2024, up from 322.3 billion euros last year. The automaker said it expects sales revenue to exceed the previous year’s figure by up to 5% in 2025. It also forecasts that its operating margin, which hit 5.9% in 2024, will hit between 5.5% 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.”
The company said it would propose a dividend of 6.30 euros per ordinary share and 6.36 per preferred share at its annual general meeting in May — a 30% cut from the previous year.
This breaking news story is being updated.
