Operating profit for the first quarter of the year fell 14 percent compared with the corresponding quarter last year, down to €2.5 billion.
Revenue in the quarter fell 2 percent to €75.7 billion.
"The decline is mainly explained by lower delivery volumes, but was partly offset by strong performance in Europe and growth in financial operations," the company writes in a press release.
"The Volkswagen Group expects sales revenue in 2026 to develop in a range from unchanged to an increase of 3 percent compared with the previous year," VW writes.
