Volkswagen earnings of €15.43B, revenue of €250.2B

Mar. 11, 2022 1:19 PM ETVolkswagen AG (VWAGY)VLKAF, VLKPF, VWAPYBy: Pranav Ghumatkar, SA News Editor1 Comment
  • Volkswagen press release (OTCPK:VWAGY): FY Earnings of €15.43B.
  • Revenue of €250.2B (+12.3% Y/Y).
  • 2022 Outlook: Deliveries expected to increase between 5 and 10%, operating return on sales to reach between 7.0 and 8.5%. However, this guidance is subject to the further development of the war in Ukraine and in particular the impact on the Group’s supply chains and the global economy as a whole.
  • Strong Automotive Division: net cash flow up by 35% to €8.6B compared to prior year; net liquidity solid at €26.7B, an increase of more than €5B vs. end of 2019 despite comprehensive transformational steps.
  • Board of Management and Supervisory Board propose increased dividend of €7.50 per ordinary share and €7.56 per preferred share, equivalent to a payout ratio of 25.4%.

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