Volkswagen posts 15% fall in annual profit amid restructuring, expects revenue to rise in 2025

It posted a revenue of 324.7 billion euros ($352.8 billion) in full-year 2024, up from 322.3 billion euros last year. The automaker said it expects sales revenue to exceed the previous year’s figure by up to 5% in 2025. It also forecasts that its operating margin, which hit 5.9% in 2024, will hit between 5.5% and 6.5% this year.

The company reported a 3.5% drop in vehicle sales through 2024, but touted the year’s “solid results in a challenging environment.”

The company said it would propose a dividend of 6.30 euros per ordinary share and 6.36 per preferred share at its annual general meeting in May — a 30% cut from the previous year.

This breaking news story is being updated.