1. Sales revenue
€ million |
|
Passenger Cars and Light Commercial Vehicles |
|
Commercial Vehicles |
|
Power Engineering |
|
Financial Services |
|
Total Segments |
|
Reconciliation |
|
Volkswagen Group |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Vehicles |
|
181,014 |
|
32,202 |
|
– |
|
– |
|
213,215 |
|
−17,542 |
|
195,673 |
Genuine parts |
|
16,859 |
|
6,795 |
|
– |
|
– |
|
23,654 |
|
−187 |
|
23,467 |
Used vehicles and third-party products |
|
14,985 |
|
2,256 |
|
– |
|
22,936 |
|
40,177 |
|
−5,016 |
|
35,161 |
Engines, powertrains and parts deliveries |
|
14,166 |
|
929 |
|
– |
|
– |
|
15,095 |
|
−100 |
|
14,995 |
Power Engineering |
|
2 |
|
– |
|
4,331 |
|
– |
|
4,333 |
|
−1 |
|
4,332 |
Motorcycles |
|
831 |
|
– |
|
– |
|
– |
|
831 |
|
0 |
|
831 |
Leasing business |
|
955 |
|
1,428 |
|
2 |
|
20,064 |
|
22,450 |
|
−1,439 |
|
21,011 |
Interest and similar income |
|
266 |
|
0 |
|
– |
|
14,844 |
|
15,111 |
|
−927 |
|
14,184 |
Hedges sales revenue |
|
−257 |
|
−17 |
|
– |
|
– |
|
−273 |
|
55 |
|
−219 |
Other sales revenue |
|
12,704 |
|
2,589 |
|
– |
|
925 |
|
16,217 |
|
−997 |
|
15,220 |
|
|
241,526 |
|
46,183 |
|
4,333 |
|
58,769 |
|
350,811 |
|
−26,155 |
|
324,656 |
€ million |
|
Passenger Cars and Light Commercial Vehicles |
|
Commercial Vehicles |
|
Power Engineering |
|
Financial Services |
|
Total Segments |
|
Reconciliation |
|
Volkswagen Group |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Vehicles |
|
191,217 |
|
31,224 |
|
– |
|
– |
|
222,441 |
|
−19,325 |
|
203,115 |
Genuine parts |
|
16,171 |
|
6,854 |
|
– |
|
– |
|
23,025 |
|
−196 |
|
22,829 |
Used vehicles and third-party products |
|
12,977 |
|
2,560 |
|
– |
|
22,897 |
|
38,434 |
|
−4,598 |
|
33,836 |
Engines, powertrains and parts deliveries |
|
12,659 |
|
1,010 |
|
– |
|
– |
|
13,669 |
|
−71 |
|
13,598 |
Power Engineering |
|
– |
|
– |
|
4,044 |
|
– |
|
4,044 |
|
−1 |
|
4,043 |
Motorcycles |
|
890 |
|
– |
|
– |
|
– |
|
890 |
|
– |
|
890 |
Leasing business |
|
918 |
|
1,575 |
|
0 |
|
18,124 |
|
20,617 |
|
−1,387 |
|
19,230 |
Interest and similar income |
|
310 |
|
0 |
|
– |
|
12,500 |
|
12,810 |
|
−860 |
|
11,950 |
Hedges sales revenue |
|
−930 |
|
26 |
|
– |
|
– |
|
−904 |
|
83 |
|
−821 |
Other sales revenue |
|
11,469 |
|
2,482 |
|
– |
|
607 |
|
14,558 |
|
−945 |
|
13,614 |
|
|
245,680 |
|
45,731 |
|
4,044 |
|
54,128 |
|
349,584 |
|
−27,300 |
|
322,284 |
For segment reporting purposes, the sales revenue of the Group is presented by segment and market.
Other sales revenue comprises revenue from workshop services and license revenues, among other things.
Of the sales revenue recognized in the period under review, an amount of €9,790 million (previous year: €8,936 million) was included in contract liabilities as of January 1, 2024.
The sales revenue realized in the period under review comprises performance obligations of €622 million (previous year: €363 million) that had already been met in an earlier period.
In addition to existing performance obligations of €5,655 million (previous year: €4,794 million) in the Power Engineering segment, most of which are expected to be satisfied or for which sales revenue is expected to be recognized by December 31, 2025, the vast majority of the Volkswagen Group’s performance obligations that were unsatisfied as of the reporting date relate to vehicle deliveries. Most of these deliveries had already been made at the time this report was prepared, or will be made in the first quarter of 2025. The calculation of the amounts for the Power Engineering Business Area took account of both contracts with a term of up to one year and service contracts under which the Volkswagen Group realizes sales revenue in exactly the same amount as the customer benefits from the services rendered by the Company. In the case of variable consideration, sales revenue is only recognized to the extent that there is reasonable assurance that this sales revenue will not subsequently have to be reversed or adjusted downward.