Volkswagen reports profit decline in first quarter

Volkswagen AG

30/04/2026 06:36

BERLIN, April 30 (Reuters) - Volkswagen VOWG.DE on Thursday reported a 14% decline in operating profit at the start of the year as it faces tariff pressures, geopolitical uncertainty and stiff competition from Chinese brands.

The German auto group, which includes subsidiaries Porsche P911_p.DE and Audi, reported first-quarter operating profit of 2.5 billion euros ($2.9 billion).

Analysts had expected profit to remain largely flat at 2.9 billion euros, according to a poll conducted by Visible Alpha.

($1 = 0.8576 euros)

 (Reporting by Rachel More, editing by Kirsti Knolle)

 ((rachel.more@thomsonreuters.com;))