Overview
- Volkswagen's Q1 net profit fell 41% to €2.19 billion, with operating profit down 37%, driven by weaker China joint-venture earnings, battery losses, and €1.1 billion in special charges.
- Mercedes-Benz reported a 43% drop in Q1 net profit to €1.73 billion, citing a 10% sales decline in China and uncertainty over US auto import tariffs, leading to the withdrawal of its full-year outlook.
- Porsche's Q1 operating profit plunged 40.6% to €760 million, prompting the company to lower its full-year revenue forecast to €37–38 billion and cut its operating margin guidance.
- Deutsche Börse posted a 6% rise in Q1 net revenue to €1.51 billion, leveraging high market volatility, and reaffirmed its 2025 guidance for ~9% revenue growth and €2.7 billion in operating profit.
- The US recently imposed 25% tariffs on imported cars, with additional duties on auto parts expected in May, adding to the financial strain on German automakers.