FRANKFURT--Germany's Volkswagen AG said Friday it increased its
2014 dividend after a clear rise in profit and said it sees
moderate revenue growth in 2015.
Net profit in 2014 was 10.85 billion euros ($12.28 billion), up
from EUR9.07 billion. Revenue rose 2.8% year-on-year to EUR202.5
billion from EUR197 billion, with Volkswagen pointing to negative
exchange rate effects, particularly in the first half of the year.
Operating profit rose to EUR12.7 billion from EUR11.67 billion.
For 2015, management expects sales revenue to increase by up to
4% year-on-year. Volkswagen forecasts an operating return on sales
between 5.5% and 6.5% in light of the challenging economic
environment.
"Given the subdued growth prospects in regions outside China,
there is no guarantee that 2015 will be a successful year -- either
for the industry or for the Volkswagen Group," the company
said.
For 2014, Volkswagen proposed a dividend of EUR4.86 for each
preferred share, up from EUR4.07 for 2013.
Write to Natascha Divac at natascha.divac@wsj.com
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