Volkswagen AG Issues FY 2013 Revenue Outlook In Line with Analysts' Estimates; Issues FY 2013 Operating Profit Guidance Below Analysts' Estimates; Proposes FY 2012 Dividend

Friday, 22 Feb 2013 08:58am EST 

Volkswagen AG announced that its Board of Management and Supervisory Board propose an increase in the dividend to EUR 3.50 per ordinary share and EUR 3.56 per preferred share for the fiscal year 2012. Moreover, the Company announced that it expect fiscal year 2013 sales revenue to exceed the prior fiscal year 2012 figure. Given the ongoing uncertainty in the economic environment, the Company‚Äôs goal for operating profit is to match the fiscal year 2012 level in the fiscal year 2013. For the fiscal year 2012 the Company reported revenue of EUR 192,676.00 million and operating profit of EUR 11,510.00 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2013 revenue of EUR 202,608.13 million and fiscal year 2013 operating profit of EUR 13,015.00 million. 

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15 Aug 2014