Volkswagen Group Financial Performance from Time to Time
Volkswagen
Group Financial Performance from Time to Time- Volkswagen
Group is a holding automotive company that has numerous brands of cars and
motorcycles which has a broad market around
the world. Historically, this company was founded in Berlin, Germany on May
28th, 1937. As of now, this company has miscellaneous brands. These brands are
Audi, Bentley, Cupra, Lamborghini, Porsche, SEAT, Škoda, and Volkswagen commercial vehicles, Volkswagen passenger cars, Volkswagen truck
& bus. Most of the brands are well-known brands and many people recognize
their brands. Nowadays, the company has its central office in Wolfsburg,
Germany.
Along with the business development of Volkswagen Group in 2024, Volkswagen
Group can sell 9 million
vehicle
models around the world. Specifically, according to geographical market, Europe
region still become the main market, with total of vehicle’s sales reaching 4.2
million units (contributing of € 194 billion to Total Volkswagen’s sales
revenue), followed by Asia-Pacific with 3.1 million units (contributing of € 44
billion to Volkswagen’s revenue), the North America with 1 million units
(contributing of € 67 billion), and South America with 606 thousand units
(contributing of € 18.9 billion).
Based on the Workforce, the Volkswagen Group
employed around 680 thousand people in 2024. Based on the business line, this
group has two main divisions, namely the Automotive division, and financial
service. The automotive division produces, manufactures, and sells
passenger and commercial vehicles (cars, trucks, motorcycles) engineering
business, vehicle software, and spare parts
for the vehicle. Meanwhile, the financial service division comprises dealer and
customer financing, leasing of vehicles, insurance, and mobility service. In
the Automotive division, some of the flagship’s brands of Volkswagen are
Volkswagen Passenger Cars with total vehicle deliveries reaching 4.79 million
units, followed by Audi with total vehicle deliveries of 1.67 million units,
and SKODA with total deliveries of 926 thousand units and other brands.
In terms of shareholder ownership, Volkswagen
Group was owned by several investors. As of December 31st, 2024, the Majority
shareholders of Volkswagen are Porsche Automobil Holding with ownership
percentage around 31.9 %, State of Lower Saxony (11.8%), Qatar Holding LLC
(10.5%), and other investors.
The Total Assets, Total Liabilities, and Total Equities of Volkswagen Group
|
|
|||
|
Years |
Total
Assets |
Total
Liabilities |
Total
Equities |
|
|
Million Euro |
Million Euro |
Million Euro |
|
2009 |
177,178 |
139,748 |
37,430 |
|
2010 |
199,393 |
150,681 |
48,712 |
|
2011 |
253,769 |
190,415 |
63,354 |
|
2012 |
309,644 |
227,819 |
81,825 |
|
2013 |
324,333 |
234,296 |
90,037 |
|
2014 |
351,209 |
261,011 |
90,198 |
|
2015 |
381,935 |
293,665 |
88,270 |
|
2016 |
409,732 |
316,822 |
92,910 |
|
2017 |
422,193 |
313,116 |
109,077 |
|
2018 |
458,156 |
340,814 |
117,342 |
|
2019 |
488,071 |
3644,20 |
123,651 |
|
2020 |
497,411 |
368,628 |
128,783 |
|
2021 |
528,609 |
382,455 |
146,154 |
|
2022 |
564,772 |
386,445 |
178,327 |
|
2023 |
600,338 |
410,426 |
189,912 |
|
2024 |
632,905 |
436,173 |
196,731 |
|
Source: Volkswagen Group Annual Report,
2010-2024 |
|||
Based on the financial structure of the company,
in the balance sheet performance from 2009 to 2024. This company has grown in
assets and equities. The total assets of the company in 2009 are just 177,178
million euros and in 2024, it becomes 632,905 million Euro. In the other
variable, the equities of the company are also in the positive pathway. The
equities of the company in 2009 are 37,430 million euros, and it grows to
become 196,731 million euros in 2024.
The Debt-to-Equity Ratio (DER) and Debt to Asset Ratio (DAR) of Volkswagen Group from 2009 to 2024
|
Years |
Debt to Equity Ratio (DER) |
Debt to Asset Ratio (DAR) |
|
(Liabilities / Equities) |
(Liabilities / Assets) |
|
|
2009 |
3.734 |
0.789 |
|
2010 |
3.093 |
0.756 |
|
2011 |
3.006 |
0.750 |
|
2012 |
2.784 |
0.736 |
|
2013 |
2.602 |
0.722 |
|
2014 |
2.894 |
0.743 |
|
2015 |
3.327 |
0.769 |
|
2016 |
3.410 |
0.773 |
|
2017 |
2.871 |
0.742 |
|
2018 |
2.904 |
0.744 |
|
2019 |
2.947 |
0.747 |
|
2020 |
2.862 |
0.741 |
|
2021 |
2.617 |
0.724 |
|
2022 |
2.167 |
0.684 |
|
2023 |
2.161 |
0.684 |
|
2024 |
2.217 |
0.689 |
|
Average |
2.850 |
0.737 |
Based on the financial ratio of the debt-to-equity
(D/E) and the debt-to-asset ratio (DAR), the average ratio
between liabilities and assets (DAR) from 2009 to 2024 is 0.73. It means that
the percentage of total liabilities is 73% of total assets and the rest of it
is equities. Meanwhile, the average ratio between debt and equity ratio (D/E)
is about 2.85. Particularly, it means that the debt is 2.85 times more than the
equities.
The Total Revenue and Net Income of Volkswagen Group from 2009 to 2024
|
|
||
|
Years |
Total
Revenue |
Net
Income |
|
|
In Million Euro |
In Million Euro |
|
2009 |
105,875 |
911 |
|
2010 |
126,875 |
7,226 |
|
2011 |
159,337 |
15,799 |
|
2012 |
192,676 |
21,884 |
|
2013 |
197,007 |
9,145 |
|
2014 |
202,458 |
11,068 |
|
2015 |
213,292 |
-1,361 |
|
2016 |
217,267 |
5,379 |
|
2017 |
229,500 |
11,463 |
|
2018 |
235,849 |
12,153 |
|
2019 |
252,632 |
14,029 |
|
2020 |
222,884 |
8,824 |
|
2021 |
250,200 |
15,428 |
|
2022 |
279,232 |
15,836 |
|
2023 |
322,284 |
17,928 |
|
2024 |
324,656 |
12,394 |
|
Source:
Volkswagen Group Annual Report, 2010-2024 |
||
Based on the financial and business performance, the
company has had positive performance around in two decades from 2009 to 2024.
The revenue in 2009 is just EUR (€) 105 billion and becomes EUR (€) 324 billion
in 2024. Meanwhile, the net income of the company is also a tremendous
performance. In 2009, the net income was just
EUR (€) 911 million and grows into EUR (€) 12.3 billion in 2024. From 2009 to
2024, Volkswagen experienced negative business conditions in 2015 with EUR (€) 1.3 billion Euro of
losses. For the rest of the years, except 2015, the Volkswagen group consistently
experienced positive performance with gaining the profit/ net income.
Net Profit Margin (NPM), Return on Assets (ROA), and Return on Equities (ROE) of Volkswagen Group from 2009 to 2024
|
Years |
Net Profit Margin |
Return On Assets |
Return On Equities |
|
(Net Income
/ Revenue) |
(Net Income
/ Assets) |
(Net Income
/ Equities) |
|
|
2009 |
0.9% |
0.5% |
2.4% |
|
2010 |
5.7% |
3.6% |
14.8% |
|
2011 |
9.9% |
6.2% |
24.9% |
|
2012 |
11.4% |
7.1% |
26.7% |
|
2013 |
4.6% |
2.8% |
10.2% |
|
2014 |
5.5% |
3.2% |
12.3% |
|
2015 |
-0.6% |
-0.4% |
-1.5% |
|
2016 |
2.5% |
1.3% |
5.8% |
|
2017 |
5.0% |
2.7% |
10.5% |
|
2018 |
5.2% |
2.7% |
10.4% |
|
2019 |
5.6% |
2.9% |
11.3% |
|
2020 |
4.0% |
1.8% |
6.9% |
|
2021 |
6.2% |
2.9% |
10.6% |
|
2022 |
5.7% |
2.8% |
8.9% |
|
2023 |
5.6% |
3.0% |
4.4% |
|
2024 |
3.8% |
2.0% |
6.3% |
|
Average
|
5.0% |
2.8% |
10.3% |
Based on the Net profit margin (NPM), the ratio
between revenue and net income is about 5%. It means that the revenue of the
company becomes profit is about 5%. In other interpretations, 1 Euro of revenue
can become a net income of around 0.05 euro. Meanwhile, based on the Return of
Assets (ROA), the average value of ROA is 2.8 %. Meanwhile, the Return of
Equity (ROE), the average value of the company, is about 10.3%. This NPM, ROA,
and ROE can describe the efficiency of a company doing its business. The more
value of the ratio, the more efficient the company in generating
the net income/profit.
Bibliography of Volkswagen Group Financial Performance from Time to Time
Wikipedia. 2025. Volkswagen Group. Accessed
via https://en.wikipedia.org/wiki/Volkswagen on
March 22nd, 2025.
Volkswagen Group. 2025. Annual Reports 2024.
Accessed via https://www.volkswagenag.com/en/InvestorRelations/news-and-publications/Annual_Reports.html on March 23rd, 2025.