Volkswagen
The group made a profit of 17.1 billion euros last year.
WolfsburgDer Volkswagen Group has increased its profit slightly in the past year. The operating result before special items amounted to 17.1 billion euros, as the car maker announced on Friday after a meeting of the Supervisory Board. That was around 100 million euros more than in the previous year. Analysts had expected on average with a slightly lower operating profit.
The return was 7.3 (previous year: 7.4) percent at the upper end of the Volkswagen forecast range of 6.5 to 7.5 percent. Group sales climbed by 6.3 billion to 235.8 billion euros. Worldwide, Volkswagen delivered 10.8 million vehicles to customers, a slight increase over the previous year.
Volkswagen has become so much better as the competitors Daimler and BMW, at Daimler For example, the operating result for 2018 fell by more than three billion euros. Also BMW had to spend a profit warning. The people of Munich want to present their dates on March 20th.
According to the proposal of the Executive Board, the dividend should rise by 90 cents: ordinary shareholders, including the largest ones, the families Porsche and Piëch, the state of Lower Saxony and the Emirate of Qatar, receive 4.80 euros for the past year, holders of preference shares 4.86 euros.
For the current year, the world’s largest car manufacturer in the moderately rising deliveries in prospect. Sales are expected to increase by up to 5 percent. CEO expects the return on sales of operating profit adjusted for special items Herbert dies with a value between 6.5 and 7.5 percent after 7.3 percent in the previous year.
Car maker: How VW wants to create the big productivity leap
“The headwind in key markets should be even stronger in 2019,” warned Diess before further problems. Especially in China, the most important single market, the car economy had recently cooled noticeably. Challenges arise in particular from the economic environment, increasing competition, volatile exchange rate developments and stricter WLTP requirements, it said.
The Group currently has many billions of euros in the construction of electric cars and the development of self-driving cars and new mobility services.
Volkswagen was able to defend its title as the world’s largest vehicle manufacturer last year. An annual production of almost eleven million vehicles gives the Wolfsburgers cost advantages that smaller manufacturers can not achieve by far. In particular, VW benefits from its modular system (“platforms”), which significantly reduces production costs.
Volkswagen itself wants to work out the money for the biggest reorganization in the Group’s history – through billions of dollars of savings programs for each individual brand. At the same time, the processing of the self-inflicted diesel crisis will continue to weigh on the balance sheet this year and next.
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