“Volkswagen Group Reports Impressive Financial Results Despite Supply Challenges and Energy Costs”

2023-03-03 08:00:00

Despite the still tense supply situation and increased energy costs, the Volkswagen Group increased its operating result last year by 2.5 billion euros or 13 percent to 22.5 billion euros, thus officially confirming the preliminary figures announced four weeks ago . The company blamed price and cost discipline as well as a better product mix for this. The bottom line after taxes is 15.8 billion euros, 400 million or 2.6 percent more than in the previous year. Not least due to the sale of better equipped vehicles, sales rose by 11.6 percent to 279.2 billion euros.

The Board of Management and the Supervisory Board are proposing a dividend of EUR 8.70 per ordinary share and EUR 8.76 per preferred share, which corresponds to an increase of EUR 1.20 compared to the previous year’s figures. This corresponds to a payout ratio of 29.4 percent. (awm)

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