Volkswagen AG (VOW.DE) posted a stronger-than-expected first-quarter profit for 2025, with net income climbing 22% year-over-year to €5.1 billion ($5.5 billion), fueled by surging electric vehicle (EV) sales and improved operational efficiency. Revenue rose 8% to €78 billion, beating analyst estimates of €75.4 billion.
The German automaker credited its ID. series of EVs, particularly the ID.4 and ID.7, for driving growth, with EV deliveries up 35% globally. Cost reductions from its “Performance” program also contributed, saving €800 million in Q1.
CEO Oliver Blume highlighted strong demand in China and Europe but noted challenges in North America due to subsidy adjustments. VW reaffirmed its full-year outlook, targeting a 8-10% operating margin.
