The VolkswagenGroup has last year because of the hard competition in China And made significantly less profit due to high renovation costs. The bottom line was that VW earned almost 31 percent less than a year earlier at 12.4 billion euros, as the Wolfsburgers said.
The former winning charm China came significantly less. In addition, high costs were among other things for the end of the Audi-Werk due in Brussels. In day -to -day business, the operational result fell by a good 15 percent to 19.1 billion euros. This corresponded to a margin of 5.9 percent after 7.0 percent in the previous year. VW kept up better than recently.
Dividend shortened by 30 percent
In contrast, sales increased by almost one percent to 324.7 billion euros. The dividend is to be shortened by 30 percent to 6.36 euros per preferred preference share. This is a clearer cut than expected.
Despite the industry weakness, the VW Group is targeting sales growth this year. The proceeds at Group level should increase up to 5 percent compared to the previous year’s value.
VW boss Oliver Blume (56) expects the operational yield to move in a range of 5.5 to 6.5 percent and thus remain roughly at the level of the previous year.
According to VW, challenges arise mainly from an environment of political uncertainty, increasing trade restrictions and geopolitical tensions.