The net loss of €1.6bn suffered in 2015 has forced management to reduce the proposed dividend considerably from €4.86 paid for 2014 to €0.17 for preferred shares. Because of Dieselgate, management expects revenue to fall by about 5% to just above €200bn in 2016 and the operating margin to come in between 5.0% and 6.0%. VW’s ‘adjusted’ operating margin was 6.0% in 2015 while stated EBIT was a negative €4bn. Management’s 2016 profit guidance seem
25 Apr 2016
2016 revenue expected to head south, but not the profit margin?
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2016 revenue expected to head south, but not the profit margin?
The net loss of €1.6bn suffered in 2015 has forced management to reduce the proposed dividend considerably from €4.86 paid for 2014 to €0.17 for preferred shares. Because of Dieselgate, management expects revenue to fall by about 5% to just above €200bn in 2016 and the operating margin to come in between 5.0% and 6.0%. VW’s ‘adjusted’ operating margin was 6.0% in 2015 while stated EBIT was a negative €4bn. Management’s 2016 profit guidance seem