The Volkswagen Group’s profit fell last year. The company said on Tuesday that the after‑tax result for 2025 was €6.9 billion, a 44 percent drop from the €12.4 billion recorded the year before.
Its operating profit halved, falling from €19.1 billion to €8.9 billion. The decline was attributed to U.S. tariffs, costs linked to shifting Porsche’s product strategy, currency fluctuations and so‑called price/mix effects. The company noted that savings from its cost‑cutting programs would have partially offset these pressures.
Looking ahead, the group expects 2026 sales to grow between 0 % and +3 % versus the prior year. The operating margin is forecast to be in the 4.0 %-5.5 % range. Nonetheless, it highlighted a range of risks, including the economic environment, uncertainties surrounding trade restrictions, geopolitical tensions, mounting competition, volatile commodity, energy and currency markets, and stringent emission regulations.
