Volkswgan Group Q3 2024 revenue and operating return on sales missed analysts estimate
- Volkswagen Group Q3 2024 revenue fell 0.47% to €78.5 billion (calculated) versus analysts estimate of €79.5 billion while operating return on sales came in at 3.64% (analysts estimate: 3.7%).
- Excluding the €1.2 billion restructuring charges associated with Audi Brussels plant, the Group’s operating return on sales could have been 5.17% in Q3.
- Automotive division net cash flow was up 38% y/y to €3.4 billion in Q3 due to release of working capital (9M 2024: €3.2 billion or -34% y/y).
- This comes after the company recently adjusted its guidance for 2024.