Volkswagen (VOW) Corporate presentation summary

Business overview and strategy

• Delivered 9 million vehicles in 2025, maintaining a 10% global market share and leading in Europe for BEV and ICE segments with a 25% share.

• Operates across 150 countries with 111 production facilities and a diversified brand portfolio spanning volume to premium segments.

• Focused on electrification, launching over 50 new models by 2027, including a strong BEV lineup and urban electric car family.

• Pursuing cost reduction, workforce realignment, and capacity optimization, targeting over €6bn in net cost savings by 2030.

• Strategic regional initiatives in China and North America, including localized R&D, new product launches, and the Scout brand revival.

Financial performance FY 2025

• Sales revenue reached €321.9bn, with stable vehicle sales but operating profit margin dropped to 2.8% due to tariffs, restructuring, and goodwill impairment.

• BEV share of global deliveries increased to 11% (from 8% in 2024), with Europe driving growth.

• Net cash flow improved by €1.3bn YoY to €6.4bn, and net liquidity remained stable at €34.5bn.

• Dividend per preferred share proposed at €5.26, with a payout ratio of 30%, excluding Porsche goodwill impairment.

• Automotive investment ratio reduced to 11.8% of net revenues, below the forecast range, with €160bn investment confirmed for 2026–2030.

Brand and segment performance

• Brand Group Core and Progressive showed resilience, while Sport Luxury was impacted by Porsche realignment and goodwill impairment.

• Financial Services division delivered strong results, with operating profit up 19% and contract volume growth, especially in Europe.

• CARIAD improved operating results, while PowerCo ramped up battery production but weighed on profits.

• TRATON faced a challenging year due to soft truck markets and FX headwinds, but incoming orders are promising.