Friday , November 27 2020

Volkswagen contributions without decision: Volkswagen increases sales and profits in 2018 | 22/2/19



Despite the difficult situation of the industry, the Volkswagen Group slightly increased sales and earnings last year.

The permanent continuing business of the Porsche sports car maker and commercial vehicles should be more than a composition for the losses in Audi. VW also wants to take part in a good and previous year's development through a higher deductor.

"We did a good job in 2018, especially against the backdrop of WLTP change, which led to a significant difference in our sales development," Volbertwagen CEO's Herbert Diess quoted in the statement.

Volkswagen AG sales increased slightly by 3 per cent to 235.8 billion euros. The operational result before special items, excluding costs for the gas off scandal, has risen slightly to € 17.1 billion (the previous year: € 17.0 billion). At 7.3 (the previous year: 7.4) per cent, the operating edge was at the top end of the targeted corridor. The dividend for selection shares is expected to increase to 4.86 euros of 3.96 euros.

Given a variety of uncertainties, such as import tariffs in the US, and high expenses for future issues, the DAX Group informed the current year. Distribution should be slightly higher than the previous year's sales record. Turnover is expected to increase by up to 5 per cent and the form will continue between 6.5 and 7.5 per cent. "The heading in the key markets is likely to be even stronger until 2019," warns CEO Diess.

On Friday, there was no clear reference from VW shares. They have arisen after the provisional publication of numbers by 1.57 per cent to 148.88 euros. In the further course, however, they turn into the minus and have lost 0.45 percent to 145.92 euros. At the end of the session, they were able to record a slight increase of 0.1 per cent.

Not by Markus Klausen

FRANKFURT (Dow Jones)

Source: Quka / Shutterstock.com, nitpicker / Shutterstock.com, Sean Gallup / Getty Images


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