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Associated Press Appear 12:00 p.m. ET Feb. 27, 2015 | Updated 12:05 p.m. ET Feb. 27, 2015
DV1977939.jpg FILES – A Volkswagen agent picks up a logo to be adapted on the VW Tiguan and Touran models on March 7, 2012 in Wolfsburg, axial Germany. Volkswagen on February 27, 2015 presented its anniversary address of the year 2014. AFP PHOTO / ODD ANDERSENODD ANDERSEN/AFP/Getty Images(Photo: AFP/Getty Images)
FRANKFURT, Germany – German automaker Volkswagen says net accumulation rose 20% aftermost year to 10.8 billion euros ($12.1 billion), but offered a alert angle for this year.
The maker of Volkswagen, Audi, Skoda and SEAT cast cars said Friday that it added its accumulation margins during 2014 and proposed to accession its allotment to shareholders.
For 2015, however, it saw a “persistently arduous bazaar environment.” It said sales would access by at atomic 4%, “depending on bread-and-butter conditions.”
Volkswagen warned that bread-and-butter trends in Latin America and Eastern Europe could affect its bartering cartage and ability engineering businesses. Russia’s abridgement appears headed for recession afterwards a aciculate bead in the ruble and its contempo battle with Ukraine has debilitated business aplomb in Eastern Europe.
CEO Martin Winterkorn said in a account that “despite the difficult bread-and-butter environment, we accomplished our goals for 2014.”
Chief Financial Officer Hans Dieter Poetsch said in analogue the company’s anticipation for this year that “given the chastened advance affairs in regions alfresco China, there is no agreement that 2015 will be a acknowledged year — either for the industry or for the Volkswagen Group.”
Sales acquirement rose 2.8% aftermost year to 202.5 billion euros. Volkswagen said it would accession its allotment to 4.80 euros per accustomed share, up from 4.00 euros in 2013.
It said its operating margins bigger to 6.3% from 5.9%, extensive the high ambit of its anticipation for the year of 5.5% to 6.5%.
Copyright 2015 The Associated Press. All rights reserved. This actual may not be published, broadcast, rewritten or redistributed.
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15 Things You Won’t Miss Out If You Attend Volkswagen Dividend 2020 – volkswagen dividend 2020
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