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Volkswagen's Profit Climbs 20%
Volkswagen AG reports its net profit last year rose to €10.8 billion from €9 billion in 2013.
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Volkswagen AG reports its net profit last year rose to €10.8 billion from €9 billion in 2013. Revenue grew 3% to €202.5 billion.
The group's operating profit advanced 9% to €12.7 billion in 2014. Vehicle deliveries expanded 4% to a record 10.14 million units. The group's operating margin climbed to 6.3% from 5.9% in 2013.
VW's board proposes to increase dividends 20% to €4.80 for common shares and €4.86 for preferred shares. The measure will be presented to shareholders at their annual meeting on Mar. 21.
The company cautions that political and economic uncertainties cloud the outlook for 2015. Nevertheless, VW expects group results this year to include a 4% increase in unit sales, moderate improvement in revenue and unchanged operating profit.
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