Volkswagen Financial Services

Solid FY 2024 for Volkswagen Financial Services and the business unit Volkswagen Group Mobility as a whole. ✨ 𝗢𝘂𝗿 𝗵𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀 𝗮𝘁 𝗮 𝗴𝗹𝗮𝗻𝗰𝗲: 🔷 𝗘𝗮𝗿𝗻𝗶𝗻𝗴𝘀 𝗼𝘂𝘁𝗹𝗼𝗼𝗸 𝗳𝗼𝗿 𝟮𝟬𝟮𝟱: Significantly above previous year 🔷 𝗢𝗽𝗲𝗿𝗮𝘁𝗶𝗻𝗴 𝗥𝗲𝘀𝘂𝗹𝘁 for 2024 at EUR 3.0 billion (-7.7 percent) 🔷 𝗖𝗼𝗻𝘁𝗿𝗮𝗰𝘁 𝗽𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 grows to 26.7 million units (+3.5 percent) 🔷 𝗡𝗲𝘄 𝗰𝗼𝗻𝘁𝗿𝗮𝗰𝘁𝘀 rise sharply by 5.9 percent to over 10.3 million units 🔷 𝗧𝗼𝘁𝗮𝗹 𝗮𝘀𝘀𝗲𝘁𝘀 increase by 5.2 percent to EUR 282 billion 🔷 𝗩𝗼𝗹𝗸𝘀𝘄𝗮𝗴𝗲𝗻 𝗕𝗮𝗻𝗸 𝗱𝗲𝗽𝗼𝘀𝗶𝘁𝘀 up EUR 18 billion to EUR 55 billion (+48.6 percent) 🚗 🔁 A key component of the current strategy is the Vehicle Lifetime Concept. This model places a particular focus on intensifying used car leasing to retain vehicles in the portfolio over multiple leasing cycles, thereby unlocking further earnings potential for the Volkswagen Group's brands. The model has already been introduced in Germany and France. Worldwide, the number of new used-car contracts rose by around 11 percent. Read the full press release here: https://lnkd.in/erU8B3VF #vwfs #thekeytomobility

🚀 Sustainability in Focus: Our New Strategy! 🌍🔋 Volkswagen Financial Services is kicking off 2025 with a new Europe-wide sustainability strategy! The main areas of focus are 𝐍𝐚𝐭𝐮𝐫𝐞, 𝐄𝐦𝐩𝐥𝐨𝐲𝐞𝐞𝐬, 𝐒𝐨𝐜𝐢𝐞𝐭𝐲, 𝐚𝐧𝐝 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬. Specific KPIs for each of these focus topics will help us to track the targets and interim goals and achieve them in the long term. Within our strategy, the 𝐝𝐞𝐜𝐚𝐫𝐛𝐨𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐭𝐡𝐞 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 plays a key role, particularly through supporting the market ramp-up of e-mobility. In this context, we have set ourselves ambitious goals. By 2030, we want to make both the direct and indirect CO2 emissions of our business operations (1) and the direct CO2 emissions of our vehicle portfolio net-carbon-neutral (2). We are consistently following the motto: avoiding, reducing, offsetting. How are we making this happen? ✅ 𝐀𝐜𝐜𝐞𝐥𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐞-𝐦𝐨𝐛𝐢𝐥𝐢𝐭𝐲: Leasing and financing solutions to support fleet electrification ✅ 𝐆𝐫𝐞𝐞𝐧 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐧𝐠: Increasing the share of Green Bonds to 40% by 2030 ✅ 𝐈𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠 𝐢𝐧 𝐧𝐚𝐭𝐮𝐫𝐞 𝐜𝐨𝐧𝐬𝐞𝐫𝐯𝐚𝐭𝐢𝐨𝐧 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬: Collaborations with NABU e.V. and Volkswagen ClimatePartner GmbH for specific environmental and climate protection projects 🔎 𝐅𝐫𝐚𝐧𝐤 𝐅𝐢𝐞𝐝𝐥𝐞𝐫, 𝐁𝐨𝐚𝐫𝐝 𝐌𝐞𝐦𝐛𝐞𝐫 𝐟𝐨𝐫 𝐑𝐢𝐬𝐤, 𝐓𝐚𝐱, 𝐚𝐧𝐝 𝐋𝐞𝐠𝐚𝐥 𝐀𝐟𝐟𝐚𝐢𝐫𝐬, emphasizes: "As an automotive financial and mobility service provider, we must live up to the responsibility we have towards future generations. After all, our aim is to actively help shape the mobility of tomorrow in the long term.” Read the full interview with Frank Fiedler here: https://lnkd.in/erFv_nhX For more insights into our sustainability strategy click here: https://lnkd.in/eunjnWxi #vwfs #thekeytomobility #sustainability #electromobility #greenfinance #futuremobility (1) Direct CO2 emissions from heating oil and refrigerants, petrol and diesel from company cars; indirect CO2 emissions from district heating and electricity as well as business trips. (2) Measured by net emissions in t CO2 = gross emissions minus offsets

🌎 Volkswagen Financial Services is a true international company. Today, we are present in 18 markets in Europe 🇪🇺. In 2021 we started our most recent business activities in Denmark 🇩🇰. Now that we have been running our business successfully with our joint venture partner Semler Gruppen A/S for more than three years, it is time to take stock. 🚗 With the acquisition of the Danish multi-brand fleet services provider Opendo, the VW FS subsidiary is entering the commercial leasing and fleet management business there for the first time. 🏆 What's more, Volkswagen Semler Finans Danmark (VWSF) has recently been honored with the prestigious "Børsen Gazelle" award as a result of the company's highly successful growth journey. ➡️ Do you want more insights into our market activities in Denmark? Read the full story here: https://lnkd.in/eiYbkBDh   #vwfs #thekeytomobility

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📘 𝐀 𝐒𝐭𝐨𝐫𝐲 𝐨𝐟 𝐓𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐒𝐮𝐜𝐜𝐞𝐬𝐬 🌟 75 years – an impressive milestone that Volkswagen Financial Services proudly celebrates this year! Founded in 1949 as Volkswagen Finanzierungsgesellschaft mbH, the company has grown into a global leader in banking, leasing, insurance, and mobility services. 👉 Today, the various financial services companies of Volkswagen Group Mobility are present worldwide with an operating profit of €3.25 billion in 2023 and approximately 22.3 million active contracts. From the early days of customer loans for cars to modern solutions like EV leasing, car subscriptions, and AI-driven efficiency, the companies are consistently adapting to meet changing customer needs. 📣 Our CEO Dr. Christian Dahlheim highlights: “The ability to transform is at the heart of this company, one of its mainstays. That's why it's so rewarding to work here. We have a future-proof business model that we are constantly expanding, and we are embedded in a group with strong brands. We have strengths that many of our competitors don't have.” ✒️ From the first financing contracts in the post-war period to modern mobility services: Volkswagen Financial Services has been proving for 75 years that innovation and tradition can go hand in hand. Volkswagen Historian Dr. Dirk Schlinkert puts it in a nutshell: "It's primarily the history that makes a brand and its name unique and desirable. The longer a company's history, the more distinctive it becomes." 💪With strong brands, innovative services, and unique employees globally, VW FS continues to redefine mobility. Here’s to 75 years of progress – and an exciting road ahead! 🚗✨ Read the full story here: https://lnkd.in/eD3ykXtd #vwfs #thekeytomobility

🚀 Fleet Interface Data is here — fully rolled out and ready to advance your fleet management!   🎊 Fleet Fellows, the day has come: we are happy to announce the Go-Live of Fleet Interface Data. A collaboration of six Volkswagen Group brands, CARIAD as development partner, Volkswagen Financial Services and yours truly, Volkswagen Group Info Services AG, Fleet Interface Data is here to provide access to a data set tailored to your needs.   Fleet managers can access essential vehicle data like fuel or battery levels, mileage, range and active warning lights. This data can be received within existing fleet management systems via easy API integration in full compliance with GDPR, without requiring additional telematics hardware. 🌏 Fleet Interface Data is now available in Germany with other European markets following in 2025.   ▶️ All you really need to do now is get in touch with Victor Alejandro A. or Lasse Schmidt van Hülst to talk about how you can utilize your data.   Thank you to our partners at Volkswagen, Volkswagen Commercial Vehicles, Škoda Auto, SEAT S.A., CUPRA and AUDI AG for an incredible journey that will continue as we roll out the product across Europe and work on adding more features and more solutions to the Fleet Interface Family.    #FleetManagement #DataAsAService #VolkswagenGroup #FleetInterfaceData

🚗 ⚡️ #EnterElectric! This is the name of a cross-brand communication campaign by the Volkswagen Group to familiarize people with electric mobility. It sets facts against myths that are still widespread. 👉 At Volkswagen Financial Services, there will also be a major e-campaign as part of Enter Electric!, for example with articles and films on the topic of electric mobility. Above all, there will be an opportunity for employees to test electric vehicles from the Volkswagen Group - starting from the VW FS Campus in #Braunschweig. The driving week is due to start in spring. Through the Audi, Cupra, Porsche, Skoda, Volkswagen Passenger Cars and Volkswagen Commercial Vehicles brands, the Volkswagen Group currently already offers 24 electric vehicle models in Europe alone and is the market leader there with this diversity. But that's not all: the range will continue to grow in 2025.   📢 Dr. Carsten Krebs, Head of Corporate Communications VW FS: “E is the future! As a financial and mobility service provider of the Volkswagen Group, we at VW FS can make a significant contribution to bringing electric mobility to the masses. We are very happy to participate in the Group's cross-brand information campaign and would also like to turn our employees into passionate e-ambassadors.”       🔎 The communication offensive of the entire Volkswagen Group includes a new, cross-brand e-mobility information hub, which is now available at https://lnkd.in/eDctTjv9. 📌 Facts and stories on the key topics of batteries, charging, maintenance and sustainability can be found here. The reduction of prejudices is complemented by experiencing e-mobility for yourself. The campaign is therefore flanked by selective test drive programs, attractive entry-level prices, special leasing offers and enhanced dealer training. Enter Electric! #vwfs #thekeytomobility #EnterElectric #electrification

📢 Volkswagen Group Mobility achieved positive growth in new contracts and its contract portfolio again during the third quarter of the current fiscal year. 📈 The number of newly concluded contracts rose by 5.4 percent compared to the same nine-month period last year to 7.5 million units. The contract portfolio also grew by 2.6 percent to now exceed 26 million units for the first time. 👉 The operating profit after nine months stands at EUR 2.1 billion, which represents a decline of nearly 17 percent year-on-year. The reasons: a difficult business environment outside of Europe, an inverted yield curve, increased risk costs, the normalization in the used car business as well as the deconsolidation of the already terminated business activities in Russia. ☑️ Accordingly, Volkswagen Group Mobility confirms the earnings forecast for the current fiscal year adjusted in September and expects operating profit for 2024 to be noticeably below the previous year's level. 🚗 At the same time, the positive trend in the used car business continues which led to an increase of new contracts of nine percent. In the portfolio business, the French (+16 percent) and Brazilian (+39 percent) markets stood out during the third quarter of 2024. 👍 Also the Volkswagen Bank continues to grow. Following an increase of around EUR 15 billion in the first six months of the current year, around EUR 2 billion in additional customer deposits were generated from July to September. The deposit volume now amounts to around EUR 54 billion, which corresponds to an increase of 64.1 percent compared to the previous year. Read the full press release here: https://lnkd.in/ez7s7RSU #vwfs #thekeytomobility

🚗 𝐕𝐨𝐥𝐤𝐬𝐰𝐚𝐠𝐞𝐧 𝐆𝐫𝐨𝐮𝐩 𝐌𝐨𝐛𝐢𝐥𝐢𝐭𝐲: 𝐒𝐭𝐫𝐨𝐧𝐠 𝐠𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐧𝐞𝐰 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐝𝐞𝐬𝐩𝐢𝐭𝐞 𝐜𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 We're excited to share that Volkswagen Group Mobility has achieved robust growth in new contracts and an expanding contract portfolio during the first half of the current fiscal year! 🔹 𝐍𝐞𝐰 𝐜𝐨𝐧𝐭𝐫𝐚𝐜𝐭𝐬: Up by 12.0% to just under 5.1 million contracts compared to the same period last year, with significant gains in leasing. 🔹 𝐂𝐨𝐧𝐭𝐫𝐚𝐜𝐭 𝐩𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨: Increased by 2.3%, reaching nearly 26 million contracts. 🔹 𝐔𝐬𝐞𝐝 𝐜𝐚𝐫 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬: New contracts rose by 10.7% to 501,000 units. The portfolio slightly increased by 1.75% from 2.6 million to 2.7 million units. 🔹 𝐕𝐨𝐥𝐤𝐬𝐰𝐚𝐠𝐞𝐧 𝐁𝐚𝐧𝐤 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐝𝐞𝐩𝐨𝐬𝐢𝐭𝐬: After increasing the deposit volume by EUR 12 billion throughout 2023, around EUR 15 billion in new customer deposits were generated in the first half of 2024. As of June 30, 2024, the deposit volume amounted to approximately EUR 52 billion. Despite these achievements, we have seen a decrease in operating profit to EUR 1.37 billion, a decline of 21.7% compared to the first six months of 2023. The main reason for this decline is the deconsolidation of the Russian business. The total assets of the Volkswagen Group Mobility companies have grown to EUR 285.3 billion as at 30 June 2024 (+11.9 percent). We remain committed to driving innovation and delivering value to our customers and stakeholders worldwide. Read the full press release here: https://lnkd.in/eD23y_MZ #vwfs #thekeytomobility #volkswagen #mobility #leasing

Du hast deinen Bachelorabschluss in der Tasche und nun soll es auch noch der Master werden? Wir unterstützen dich gerne finanziell dabei. Du studierst und wir geben dir monatlich 500 €! Masterstudiengänge mit folgenden Schwerpunkten werden gefördert: Data Analytics, Data Science, Steuerwesen, Nachhaltigkeit, Versicherungswesen und Risikomanagement. Das passt genau zu dir? Dann warte nicht länger und werde Masterstipendiat:in bei VWFS! Bewirb dich jetzt! https://lnkd.in/ejvFCw39 #yourkeytomobility #vwfs #stipendium #masterstudium