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Volkswagen: record profits and turnover in 2012, 2013 sales target +8,3%

Volkswagen's 2012 financial year closes with turnover and profits reaching new historical records for the group – Dividends are growing – For 2013, despite the crisis, deliveries are expected to increase by 8,3%.

Volkswagen: record profits and turnover in 2012, 2013 sales target +8,3%

Volkswagen's 2012 goes into the archive, which closes with a record turnover of 192,7 billion euros (from 159,3 in 2011), thanks both to the new acquisitions of the group (Porsche and Man) and to the peak reached by deliveries, at an altitude of 9,3 million vehicles.

Operating profit also grew, going from 11,3 billion in 2011 to 11,5 billion this year, even if the result of the VW brand dropped to 3,6 billion (from 3,8 the previous year). The group's overall profit went up up to the record share of 21,9 billion.

In increase in dividends: from 3 to 3,5 euros for ordinary shares and from 3,06 to 3,56 for preference shares. On the other hand, the salaries of the top management of the company are decreasing: the emoluments to managers have in fact fallen from 70,5 to 56,5 million euros. The bonus to employees was also down, falling to 7.200 euros against 7.500 the previous year.

Despite the persistence of the crisis, group number one Martin Winterkorn said he was confident about Volkswagen's 2013, predicting an 8,3% increase in deliveries and growth in turnover, while the profitability target for the current year is to remain in line with the result achieved in 2012.

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