Volkswagen Ag Unsp/Adr (VWAGY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everybody, and welcome to our annual media conference of the Volkswagen Group here out of Wolfsburg, and it's great to have you here today. And for those of you who are joining us online, welcome to you as well. Now we're here at Autostadt, which is a place that embodies like no other what our company stands for. Strong brands, iconic products, and a clear vision for the mobility of tomorrow. For the Volkswagen Group, 2025 was a year of progress. We brought exciting products to the people. translated technology into real customer benefits. We streamlined our structures, reduced costs and further improved our governance. So strong brands and strong products. We're not only convincing our customers, but also the experts in the sense that we are winning prestigious awards. We're setting historic records. Now recently, for instance, with the golden steering wheel, and in 2025 also we were named the world's most innovative automotive group. So, in short, the new strength of the Volkswagen Group was put on the road in an environment that is radically changing which places unprecedented challenges to our entire industry with increasing geopolitical tensions and trade policy barriers and massive pricing pressure in key markets. We've worked flat out to make ourselves fit for the future, to further strengthen our competitiveness with consistency, with discipline and pragmatism. With around 9 million vehicles delivered in 2025, we were almost at the previous year's level, and Europe remains our strong base here in our home market. Our position is now stronger than ever, and that happens at a time when we operate also in an extremely dynamic environment. We have posted a 4% increase in sales and market share of over 25%, and we've grown our leading position here w...