All-electric models accounted for an important share of deliveries: the most successful all-electric models from the Group delivered worldwide in the first quarter of 2024 were the ID.4, ID.3, Škoda Enyaq and ID. Buzz. Škoda delivered 12.3% more all-electric vehicles in Q1 2024 compared with the same prior-year quarter. At Volkswagen Commercial Vehicles, the increase was as high as 29.4%. Key figures for the Brand Group Core: Key financials Q1 2024 Q1 2023 Change 24/23 Unit sales (in thousands) (incl. other vehicles from other brands) 1,192 1,193 0% Sales revenue 32.77 billion euros 33.16 billion euros -1% Operating profit before special items 2.11 billion euros 1.74 billion euros +21% Operating return before special items 6.43% 5.25% +1.2%-points The Volkswagen Passenger Cars, Škoda, SEAT/CUPRA and Volkswagen Commercial Vehicles brands each contributed to the robust Brand Group Core Q1 results for fiscal 2024. Unit sales at the Volkswagen Passenger Cars brand in the first quarter of fiscal 2024 ran at 694,617, 5% down on vehicle sales for the same prior-year quarter (Q1 2023: 730,797 vehicles). Given the generally challenging market environment, a very strong performance in the first quarter of the previous year and model changes in key volume drivers (Golf, Tiguan, Passat), sales revenue at the beginning of the year came in at 19.3 billion euros, 6% lower than the prior-year figure (Q1 2023: 20.5 billion euros). At the same time, however, the operating profit before special items improved by 26.8% to 770 million euros, confirming the Volkswagen brand’s stable position overall in a volatile market. At 4.0%, the operating return (before special items) was noticeably higher than the prior-year figure of 3.0%, driven by a positive regional mix and price effects that in turn were counteracted by pay increases. Patrick A.