Q1 2025 Volkswagen AG Earnings Call Transcript
Key Points
- Volkswagen AG (VLKAF) reported a 3% increase in sales revenue for Q1 2025, with a significant 30% growth in order intake in Western Europe.
- The company's BEV (Battery Electric Vehicle) share increased to 10%, with Western Europe seeing a more than doubling to 19%.
- Volkswagen AG successfully renewed its revolving credit facility, increasing the amount to EUR12.5 billion from EUR10 billion.
- The company completed the placement of 11 million TRATON shares, increasing the free float to 12.5%.
- Volkswagen AG's operations in South America achieved double-digit growth, particularly strong in Argentina where volumes more than doubled.
- Volkswagen AG's operating result for Q1 2025 was 37% lower than the previous year, with a margin of 3.7%.
- The company faced special earnings effects totaling EUR1.1 billion, including provisions for potential CO2 penalties and restructuring costs.
- BEV sales, while increasing, led to expected margin dilution as BEV margins are still significantly below those of ICE vehicles.
- Global deliveries in China declined by 7%, impacting the overall performance despite growth in other regions.
- The Automotive Division's cash flow was negative at EUR0.8 billion, although this was an improvement from the prior year.
Good morning, ladies and gentlemen, and welcome to the Volkswagen AG investor, analyst, and media Call of Q1 2025 conference call. I am Yousef, the chorus call operator.
(Operator Instructions) And that this conference is being recorded. (Operator Instructions) This conference must not be recorded for publication or broadcast.
At this time, it's my pleasure to hand over to Pietro Zollino, Head of Corporate Communications. Please go ahead.
Good morning, everyone, and a warm welcome to the first quarter 2025 results call of Volkswagen Group. This is a joint call for both the media and as well as investors and analysts, moderated by Rolf Woller, our Head of Treasury, IR; and myself, Pietro Zollino, Head of Corporate Communications. With us today is, as usual, Arno Antlitz, our CFO and COO. Welcome, Arno.
You should have received the press release, the interim financial report and other related materials, which were published this
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
