The Volkswagen Group reported a solid performance for the first half of 2024, with a 1.6% increase in sales revenue to €158.8 billion. The operating result decreased by 11.4% to €10.1 billion due to non-operating factors such as unplanned provisions for severance programs. The Group confirmed its 2024 outlook, expecting up to 5% revenue growth and an operating margin of 6.5-7%. The automotive division anticipates a net cash flow of €2.5-4.5 billion.
Source: Volkswagen Group (August 1, 2024)
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