大众汽车集团第三季度营收803.05亿欧元

Core Insights - Volkswagen Group reported a significant decline in operating profit, turning from profit to loss in Q3 2025, despite a slight increase in revenue and deliveries compared to the previous year [1][4][5]. Financial Performance - Q3 2025 net profit loss reached €1.072 billion, a decrease of approximately 168.8% compared to a net profit of €1.558 billion in Q3 2024 [5][6]. - The operating profit for Q3 2025 was a loss of €1.299 billion, down 145.9% from an operating profit of €2.833 billion in the same quarter of 2024 [5][7]. - Revenue for Q3 2025 was €80.305 billion, reflecting a year-on-year increase of 2.3% from €78.478 billion in Q3 2024 [5][7]. - Automotive division cash flow from operating activities decreased by 9.7% to €8.521 billion compared to €9.435 billion in Q3 2024 [17]. Factors Affecting Performance - The decline in profitability was attributed to increased production of low-margin electric vehicles and an additional burden of €7.5 billion, which includes U.S. import tariffs and strategic adjustments at Porsche [4][9]. - Volkswagen Group anticipates a cost of up to €5 billion due to increased U.S. import tariffs [9]. - The company has lowered its full-year performance outlook, expecting revenue to remain flat compared to the previous year, down from an earlier forecast of up to 5% growth [9]. Brand Performance - Porsche, a subsidiary of Volkswagen, reported its first quarterly loss since its IPO, with a Q3 2025 loss of €966 million compared to a profit of €974 million in Q3 2024 [11][12]. - Porsche's operating profit for the first three quarters of 2025 plummeted 99% to €40 million from approximately €4 billion in the same period of 2024 [11][12][14]. Market Dynamics - Volkswagen Group's vehicle deliveries in Q3 2025 totaled 2.199 million units, a 1% increase year-on-year [5][17]. - The company experienced growth in markets such as Western Europe, Central Europe, Eastern Europe, South America, Turkey, and South Africa, while North America and Asia-Pacific markets saw declines [17].