volkswagen ag on friday said revenue and profit rose significantly in 2021 despite the semiconductors shortage and it raised its dividend payout the german auto maker said aftertax profit came in at 1543 billion euros 1696 billion compared with eur882 billion in 2020 operating profit for the period rose to eur1928 billion from eur968 billion while revenue increased to eur25020 billion from eur22288 billion analysts had expected revenue of eur24653 billion according to consensus estimates provided by factset volkswagen proposed a dividend of eur750 per ordinary share and eur756 per preferred share for the year up from previously eur480 and eur486 respectively the car maker managed to increase revenue and earnings thanks to favorable pricing and better sales mix despite the semiconductor shortage the chip bottlenecks are expected to continue but improve in the second half of the year compared with the first six month it said for 2022 volkswagen expects revenue to be 8 to 13 higher than in the previous year and operating return on sales of between 70 to 85 at the time of preparing this outlook there is a risk that the latest developments in the war in ukraine will have a negative impact on the volkswagen groups business said volkswagen the guidance is subject to further developments in the war and their impact on the companys supply chain and the global economy it said