Sales revenue increase for Volkswagen Group in 2019

Worldwide
Published:  03 March, 2020

The Germany headquartered automotive Group has posted sales revenue increases to €252.6 billion (+7.1%), and operating profit before special items of €19.3 billion (+12.8%) for 2019.

At 7.6%, Volkswagen Group said the operating return on sales before special items slightly exceeded the forecasted range for 2019. Operating profit also improved to €17 billion, while negative special items in connection with diesel decreased to €2.3 billion. In the Automotive Division, net cash flow increased to 10.8 billion, with net liquidity reaching €21.3 billion. The Board of Management and Supervisory Board proposed an increase of the dividend to €6.50 per ordinary share and €6.56 per preferred share; this would raise the pay-out ratio to 24.5%. Deliveries in 2020 are forecast to be in line with the previous year; sales revenue expected to be up to 4% higher year-on-year, with an operating return on sales of 6.5 to 7.5%.