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AutoGear

VW’s profit falls in the 1st semester to €6,378 million.

Virgilio Machado by Virgilio Machado
August 1, 2024
in Latest News
Reading Time: 1 min read
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VW quer lançar modelo elétrico de baixo custo em 2027

The VW Group announced that it recorded a net profit of €6,378 million in the first half of 2024, representing a 14.5% decrease compared to the same period, despite experiencing revenue growth.

In a statement, the German company reported that its revenue increased by 1.6% from January to June to €158.8 million, due to the development of its financial services business.

The automotive division yielded €129,365 million, a 0.9% decrease, while the turnover of financial services grew by 14.6% to €29,435 million.

In the second quarter of the year, Volkswagen generated €83,339 million in revenue, which is 4.1% more than the previous quarter, while its net profit was €3,112 million, a decrease of 4.2%.

VW emphasized that 2024 is the year of the group’s largest product offensive, with a record number of model launches, and that it is undergoing a global restructuring of its business areas.

“The VW Group delivered a solid performance in the first half of the year. In a challenging environment, 2024 marks the group’s largest product offensive and a comprehensive restructuring of our business areas. The results reflect successful team efforts across all brands,” emphasized Oliver Blume, CEO of the VW Group.

Tags: 11.º semestre2024Grupo VWLucrosOliver Blume
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