The Volkswagen, Škoda, SEAT/Cupra and Volkswagen Commercial Vehicles brands worked closely together as a brand group – and above all as a team – in the past financial year.
Jointly optimized processes strengthened the resilience of the Brand Group Core. Despite a challenging market environment and necessary restructuring - especially at the Volkswagen brand - the brand group achieved a solid operating result of around 7 billion euros.
Successful model ramp-ups and moderate growth in vehicle sales and revenue underline the increased resilience of the Brand Group Core.
In an intensively competitive environment, there was a slight 1.6% increase in the Brand Group Core’s sales revenue due to a positive mix and higher vehicle sales by the Volkswagen brand.
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Brand Group Core reports solid results for 2024 in a challenging environment
The Volkswagen, Škoda, SEAT/Cupra and Volkswagen Commercial Vehicles brands worked closely together in the last financial year. Jointly optimized processes strengthened the resilience of the Brand Group Core. Despite necessary restructuring – at the Volkswagen brand in particular – the brand group reported a solid operating result of some 7 billion euros in a challenging market environment. The successful implementation of model ramp-ups together with moderate increases in vehicle sales and sales revenue underscore the increased resilience of the brand group in the face of external challenges.
Charts Brand Group Core
Charts Volkswagen brand
Curriculum vitae CEO Thomas Schäfer
Curriculum vitae CFO David Powels
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