The call highlighted strong demand for BEVs and a robust order book, but also faced challenges with engine supply, negative cash flow, and pricing pressures in the BEV market, indicating a mix of positive and negative developments.
Company Guidance
In the Q1 2024 earnings call for Volkswagen (VOW.DE), Arno Antlitz provided guidance on several key metrics and future expectations. A provision of EUR 900 million is set for the second quarter, impacting cash flow across Q2 and Q3. The company's BEV (Battery Electric Vehicles) order intake more than doubled in Q1, with expectations for continued growth, particularly as new models like the E-Macan and Q6 e-tron become available. Volkswagen aims for a 50% BEV share by 2030, though regional growth rates will vary. Despite a challenging BEV pricing environment in Europe, the company remains focused on balancing value and volume. A significant investment of EUR 6 billion is planned for the ramp-up of their battery business, with EUR 2 billion allocated toward strengthening the value chain through M&A activities. The free cash flow was negative, attributed to a EUR 6 billion inventory buildup, but the company remains confident about meeting its cash flow targets by the year's end. The order book currently stands at 1.1 million cars, with a robust future outlook for Audi and Porsche despite temporary challenges.
Increased BEV Orders
Order intake for BEVs increased by more than 100%, indicating strong demand for electric vehicles.
Healthy Order Book
The order book stands at 1.1 million cars, maintaining prior year levels and still above pre-COVID levels.
PowerCo Investment
EUR 6 billion investment in PowerCo for ramping up the battery business, with EUR 4 billion for CapEx and EUR 2 billion for securing raw materials.
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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
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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FAQ
When does Volkswagen AG (VWAGY) report earnings?
Volkswagen AG (VWAGY) is schdueled to report earning on Mar 18, 2025, TBA Not Confirmed.
What is Volkswagen AG (VWAGY) earnings time?
Volkswagen AG (VWAGY) earnings time is at Mar 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.