The Volkswagen (VWAGY) Group expects the sales revenue to exceed the previous year’s figure by up to 5%. The operating return on sales for the Group is expected to be between 5.5%-6.5%. In the Automotive Division, the Group expects an investment ratio between 12 and 13 percent in 2025. The automotive net cash flow for 2025 is expected to be between EUR 2 and EUR 5 billion. This includes cash outflows for investments for the future as well as for restructuring measures from 2024. Net liquidity in the Automotive Division in 2025 is expected to be between EUR 34 and EUR 37 billion. It remains the group’s goal to continue its robust financing and liquidity policy. Challenges will arise in particular from an environment characterized by political uncertainty, increasing trade restrictions and geopolitical tensions, the increasing intensity of competition, volatile commodity, energy and foreign exchange markets, and more stringent emissions related requirements.
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