Volkswagen Q1 Revenue and Operating Profit Fall Short of Expectations; Full-Year Outlook Unchanged

Volkswagen delivered 2.05 million vehicles globally in the first quarter, generating revenue of €75.66 billion—below the market estimate of €77.64 billion. Operating profit for the same period came in at €2.46 billion, also falling short of the expected €3.02 billion. Despite the weaker-than-expected first-quarter results, the company maintained its full-year revenue growth forecast of 0% to 3%.