Volkswagen abandons hopes for 2026 sales growth as restructuring looms

Volkswagen now expects a decline of up to 3% in sales revenue this year, having previously forecast growth of up to 3%. The company maintained its forecast for an operating margin in the range of 4.0% to 5.5%, an improvement on last year's 2.8%.

Shares in the company were 3% lower following the announcement.

The German auto group, which includes subsidiaries Porsche and Audi, reported an operating profit of €3.5 billion ($3.98 billion) in the April-to-June period.

Analysts had expected a slight improvement on the same quarter last year, according to a poll conducted by Visible Alpha.

Second-quarter revenue came in at €82.4 billion, higher than forecast. This made for an operating margin of 4.2%.