This trend was in part attributable to an upswing in sales of the ID.4, ID.7, T-Cross and Tiguan and the successful market launch of the Tayron. Sales revenue ran at 21.2 billion euros, an increase of 10.2% over the comparable prior-year period. The operating result fell by 84.9% to 112 million euros, with the decrease especially attributable to special items. In particular, provisions in connection with CO2 regulations in Europe had a negative impact on the result. Other adverse factors were litigation costs in connection with the diesel issue and expenses from the measurement of vehicles in transit due to import duties introduced in the United States from the beginning of April. As a result, the operating margin of the Volkswagen brand fell significantly to 0.5% compared with 3.9% in the previous year.
“We began the year with a strong, rejuvenated product offering and the positive dynamic continues with the high order intake. However, counter-effects mean our Q1 results are not satisfactory. The continued implementation of our performance program and the "Zukunft Volkswagen" agreement, together with our present product substance, will enable us to meet our return target of 4% in 2025.” David Powels, Member of the Board of Management of the Volkswagen Brand responsible for Finance and responsible for Finance at the Brand Group Core
Škoda Auto In the first quarter of 2025, Škoda Auto Group was able to build on the successes of the 2024 financial year– the best ever in its history. Škoda delivered 238,600 vehicles in Q1 2025, an increase of 8.2% compared with the same prior-year period. At 36,900 units, deliveries of all-electric and plug-in hybrid models more than doubled. Driven by higher demand, the broad and modern model range and consistent cost optimization under the Next Level Efficiency+ program, the brand generated sales revenue of 7.259 billion euros (+10.4%). The operating result increased to 546 million euros, with a stable operating margin of 7.5%.