B · Normal
[Volkswagen Group’s revenue in the first three quarters fell by 2.2% year-on-year and operating profit fell by 98.7%] On October 29, Volkswagen Group announced its results for the first three quarters of 2026, with revenue of 233.4 billion euros, a year-on-year decrease of 2.2%; operating profit of only 71 million euros, a year-on-year decrease of 98.7%; after-tax losses of 2.72 billion euros, and profits of 3.41 billion euros in the same period last year. Special items expenses in the first three quarters amounted to 8.7 billion euros, including 6.4 billion euros in impairment of Porsche's goodwill.
The company expects full-year revenue in 2026 to be approximately 315 billion euros, with an operating return on sales of up to 1%, significantly lower than the previous forecast of 4% to 5.5%.
Comments