Overview

• Operating profit slid to €3.83 billion in Q2, down 29% from a year earlier and below analyst expectations of €3.94 billion.
• Second-quarter sales revenue reached €80.8 billion, missing the €82.2 billion consensus estimate.
• Full-year operating return on sales guidance was reduced to 4%–5%, down from the prior 5.5%–6.5% range.
• Volkswagen attributed the profit decline to sustained import tariffs, lower margins on EV models and compliance and restructuring expenses.
• The company expects U.S. import duties of 27.5% to remain in force through the second half amid ongoing trade policy uncertainty.