Volkswagen: annual net income down over 30%.

(CercleFinance.com) - Volkswagen reports 2024 net income that is down 30.
6% to just under E12.4bn, with an operating profitability margin down 1.1 point to 5.9% on virtually flat sales (+0.7%) of nearly E324.7bn.

The German automaker's sales rose slightly thanks to the financial services business, while those of the automotive business itself declined, mainly due to lower volumes (-3.5% to 9.04 million vehicles sold).

A dividend of E6.30 per ordinary share and E6.36 per preference share, representing 30% down from the previous year's figures, with a payout ratio of around 30%, will be proposed to the next AGM.

For FY 2025, Volkswagen expects sales to exceed the previous year's figure by up to 5%, and its operating profitability margin to be between 5.5% and 6.5% of sales.


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