VW Keeps Profit Outlook, Raises Sales Target After Record Earnings
Volkswagen stuck to its guidance for operating profit after posting record earnings last year on double-digit gains in sales of luxury Audi and Porsche models, reported Reuters. Europe’s largest carmaker said on Friday the group operating margin could come in a range between 5.5 percent and 6.5 percent, same as last year’s projection. Operating profit ... Read More »
Volkswagen stuck to its guidance for operating profit after posting record earnings last year on double-digit gains in sales of luxury Audi and Porsche models, reported Reuters.
Europe’s largest carmaker said on Friday the group operating margin could come in a range between 5.5 percent and 6.5 percent, same as last year’s projection.
Operating profit rose 8.8 percent to 12.7 billion euros ($14.25 billion), up from 11.67 billion in 2013 and slightly above analyst projections of 12.6 billion euros.
The German group raised its forecast for revenue, saying it could exceed last year’s record 202.5 billion euros by as much as 4 percent.
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