Volkswagen win breaks | Luxembourg word

The Volkswagen Group made significantly less profit last year because of the hard competition in China and due to high renovation costs. The bottom line was that VW earned almost 31 percent less than a year earlier at 12.4 billion euros, as the Wolfsburgers said.

The former winning charm China came significantly less. In addition, high costs were due, among other things, for the Audi plant in Brussels. In day -to -day business, the operational result fell by a good 15 percent to 19.1 billion euros. This corresponded to a margin of 5.9 percent after 7.0 percent in the previous year. VW kept up better than recently.

Sales put on

In contrast, sales increased by almost one percent to 324.7 billion euros. The dividend is to be shortened by 30 percent to 6.36 euros per preferred preference share. This is a clearer cut than expected.

Despite the industry weakness, the VW Group is targeting sales growth this year. The proceeds at Group level should increase up to 5 percent compared to the previous year's value.

VW boss Oliver Blume expects the operational return on a range of 5.5 to 6.5 percent and thus remains roughly at the level of the previous year.

35,000 jobs should be omitted

Volkswagen had announced in a long smoldering conflict shortly before the end of the year to delete almost every fourth job with the core brand VW Car with 35,000 jobs in Germany by 2030.

According to VW, challenges arise primarily from an environment of political uncertainty, increasing trade restrictions and geopolitical tensions.