2019 On March 12, the Volkswagen Group officially released its 2018 financial report. Globally, Volkswagen delivered a total of 10.83 million new vehicles, representing a year-on-year increase of 0.9%. The Volkswagen Group’s operating profit reached €13.92 billion (approximately $15.8 billion), up 0.7% from the previous year.

Audi

In 2018, Audi’s global sales reached 1.813 million vehicles, a decrease of 3.5% compared to the 1.878 million vehicles sold in 2017. The Chinese market was Audi’s largest single market, with sales reaching 663,000 vehicles—a year-on-year increase of 10.9%, accounting for 35% of total sales.

Porsche

For Porsche, fiscal year 2018 was exceptionally successful. Porsche’s revenue grew by 9.2% to €23.7 billion, and its operating profit rose by 2.7% year-on-year to €4.1 billion.

Skoda

In 2018, the Škoda brand generated revenue of 17.3 billion euros, up 4.4% from 2017. However, operating profit declined by 14.6% to 1.4 billion euros. The primary reasons for this decline were the implementation of the EU’s new WLTP emission standards, rising personnel costs, and increased upfront expenditures for new products. In 2018, Škoda’s global sales rose by 4.4% year-on-year to 1.254 million vehicles.

Bentley

In fiscal year 2018, the Bentley brand generated revenue of 1.5 billion euros, a 16% decrease year-on-year. Its operating loss amounted to 288 million euros, compared to a profit of 55 million euros last year.

Commercial Vehicles and Financial Services

In fiscal year 2018, Volkswagen Commercial Vehicles reported revenues of €11.9 billion, flat compared to the previous year, while operating profit declined to €780 million. Scania’s revenues rose to €13.4 billion, and its operating profit increased by 4.4% to €1.3 billion.

In the past fiscal year, Volkswagen Financial Services generated sales revenue of 32.8 billion euros, an increase of 2.9% over the previous year, and its operating profit rose by 6.2%. %，

Overall, Audi and Porsche are the “cash cows” of the Volkswagen Group, with operating profits of €4.7 billion and €4.1 billion respectively, accounting for 63.2% of the group’s total profit.

The Volkswagen Group expects that, despite a challenging market environment, its global sales in 2019 will slightly exceed the previous year’s level, and its revenue will increase by 5% year-on-year. As for the Group’s operating profit, Volkswagen anticipates that its return on revenue in 2019 will be between 6.5% and 7.5%.

In addition, the Volkswagen Group plans to accelerate its electrification efforts and will launch 70 electric vehicles over the next 10 years—20 more than the previously announced figure of 50. Meanwhile, over the next decade, the number of vehicles produced on the group’s electric platforms will increase from 15 million to 22 million.