VW released preliminary 2016 numbers that show higher than expected deliveries, revenue, and earnings, although Q4 profits were again negative. This is the result of €7.5bn of so-called special items (i.e. costs associated with Dieselgate in the USA) whereas this number was €2bn in 9M 16 and €16.9bn in 2015. The group increased deliveries by 3.8% to 10.4m and revenue by 1.9% to €217bn. As special items fell by 56% or €9.4bn to €7.52bn, operating earnings recovere
26 Feb 2017
Higher than expected profits, but a lower dividend
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Higher than expected profits, but a lower dividend
VW released preliminary 2016 numbers that show higher than expected deliveries, revenue, and earnings, although Q4 profits were again negative. This is the result of €7.5bn of so-called special items (i.e. costs associated with Dieselgate in the USA) whereas this number was €2bn in 9M 16 and €16.9bn in 2015. The group increased deliveries by 3.8% to 10.4m and revenue by 1.9% to €217bn. As special items fell by 56% or €9.4bn to €7.52bn, operating earnings recovere