Volkswagen: profitability should rise quickly

In the volkswagen group, the FUF billion euro a heavy austerity price is to bring the profitable car core marker to the lane. "We expect that significantly higher than a billion euros of it will be effective in the current year," said council of party martin winterkorn on thursday for presentation of the annual balance in berlin. The profitability of the core brand with its models such as golf and passat was slipped in 2014 to 2.5 percent sales yield – so it remained from 100 euros sales before interest and taxes (EBIT) only 2.50 euros of operational profit. By 2018, the austerity program started last summer should more than double the earning force.

Last year, among other things, economic flows in russia and brazil had the gain in volkswagen cars by 15 percent to 2.48 billion euros. Thus, golf, passat, polo, tiguan and co. At the return on sales around 0.4 percentage points less than in the previous year. In 2018, the house brand, which moves about every second euro sales in the group, should have six percent margin. Profit drivers were again the brands audi and porsche, which came to 7.9 billion euros of operational profit in 2014, and thus accounted for almost two-thirds of group-wide EBITS. In addition, the china-judgment increased its result by a funftel to 5.2 billion euros.

The 2014 success year with records in paragraph, sales and operational profit lit at volkswagen boss martin winterkorn ring the cash register. The CEO of the zwolf brand group with its nearly 600.000 employees get around 15.9 million euros salar for the year of business, as is shown on the business report submitted on thursday.

For 2013, the highest paid DAX boss had received 15 million euros. The board of management consists in addition to a fixed salary of short and long-term success participations. In 2011, winterkorn had even received around 17.5 million euros – but then the supervisory board reformed the successful bonus payments. Winter grain receives for his board of board at porsche-holding also further exposure. Lastly, they were nearly 800 for 2013 at just under 800.000 EURO. In addition, volkswagen has meanwhile formed a change of just under 29 million euros for winterkorn’s pension entitlement.

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