The earnings call highlighted several achievements, such as new product launches and growth in the North American market, but also revealed significant challenges, including declines in deliveries and financial performance, as well as restructuring costs and BEV market difficulties.

Company Guidance

During the Volkswagen AG Investor Analyst and Media Call for the first nine months of 2024, key metrics and guidance were discussed. The company delivered 6.5 million vehicles, a decline of 3% year-over-year, with notable decreases in China and Europe. The BEV deliveries amounted to 507,000 units, representing an 8% share of group deliveries. Financially, the group reported sales revenue of €237.3 billion, a 1% increase, while operating results stood at €12.9 billion, reflecting a 5.4% margin. Profit before tax was €12.5 billion, down 29%, and profit after tax decreased by 31% to €8.9 billion, with earnings per share falling 33% to €15.2. The company adjusted its full-year outlook, projecting sales revenue around €320 billion and an operating profit of approximately €80 billion. Automotive investment ratio was forecasted between 30.5% and 40.5%, with automotive net cash flow expected around €2 billion. The call highlighted the need for restructuring and cost-cutting, particularly in German operations, to achieve competitive margins and address a volatile market environment.

Product Launches and Innovations

The company announced several exciting product launches, including the new ID.7 GTX, which is the most powerful electric car from Volkswagen, and the Skoda Elroq, a brand's first all-electric model in the compact SUV segment.

Progress with Rivian Joint Venture

The joint venture with Rivian received all necessary regulatory approvals, and the full technical feasibility of the Rivian architecture and software was proven in a drivable demonstrator vehicle.

North American Market Growth

Volkswagen's North American market showed a solid 7% growth, with the Volkswagen brand growing by 24%, marking a significant achievement towards a more robust global footprint.

Strong Order Intake

Order intake in Western Europe remained robust with a 27% increase compared to the prior year. The BEV order intake in Western Europe more than doubled compared to year-end 2023.

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Volkswagen AG (VWAGY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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VWAGY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 01, 2018	2018 (Q2)	- / 0.75	0.729	3.16% (+0.02)	―	―
Oct 30, 2018	2018 (Q3)	- / 0.60	0.246	145.93% (+0.36)	―	―
Mar 12, 2019	2018 (Q4)	- / 0.75	0.897	-16.39% (-0.15)	―	―
May 02, 2019	2019 (Q1)	- / 0.80	0.953	-16.58% (-0.16)	―	―
Jul 25, 2019	2019 (Q2)	- / 1.08	0.924	17.42% (+0.16)	―	―
Oct 30, 2019	2019 (Q3)	- / 1.03	0.743	39.17% (+0.29)	―	―
Mar 17, 2020	2019 (Q4)	- / 0.71	0.75	-4.67% (-0.04)	―	―
Apr 29, 2020	2020 (Q1)	- / 0.10	0.795	-86.92% (-0.69)	―	―
Jul 30, 2020	2020 (Q2)	- / -0.47	1.085	-143.04% (-1.55)	―	―
Oct 29, 2020	2020 (Q3)	- / 0.75	1.034	-27.76% (-0.29)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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VWAGY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 30, 2024	$9.97	$10.15	+1.81%
Aug 01, 2024	$11.81	$11.38	-3.64%
Apr 30, 2024	$14.29	$13.56	-5.11%
Mar 13, 2024	$14.43	$13.82	-4.23%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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