Volkswagen reports Q3 results; updates FY outlook

* Volkswagen press release [https://www.volkswagen-group.com/en/press-releases/volkswagen-group-makes-decent-progress-in-a-difficult-environment-19924] (OTCPK:VWAGY [https://seekingalpha.com/symbol/VWAGY]): Q3 Revenue of EUR 80.31B (+2.3% Y/Y). [https://static.seekingalpha.com/uploads/2025/10/30/saupload_Screenshot_2025-10-30_121117.png]
* OUTLOOK FOR FISCAL YEAR 2025 AS OF SEPTEMBER 19, 2025: The Volkswagen Group expects its sales revenue for 2025 to be in line with the previous year. The Group’s operating return on sales is projected to range between 2.0 and 3.0 percent. In the Automotive Division, the company expects an investment ratio between 12 and 13 percent in 2025. Net cash flow for the year 2025 is expected to be around EUR 0 billion. This includes cash outflows for future-oriented investments as well as for restructuring measures. Net liquidity in the Automotive Division is expected to amount to around EUR 30 billion in 2025. The Volkswagen Group continues to pursue its objective of maintaining a solid financing and liquidity policy. The forecast is based on the assumption of adequate availability of semiconductors.

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