Audi Car Group – Financial Results | Audi: after first quarter key financial figures continue on high level
Although the economic climate has deteriorated further in a number of European countries, Audi enjoyed a very successful opening quarter with some 369,500 deliveries to customers.
With €11.734 billion revenue for the first three months of 2013 the Ingolstadt-based carmaker nearly matched the previous year’s record level. The operating profit of €1.307 billion translates into an operating return on sales of 11.1 percent – well above the strategic target corridor of eight to ten percent.
The Audi company all the while remains committed to its target corridor for operating return on sales.
Audi enjoyed sales growth in Europe, Asia and North America alike. Models that generated considerable interest among customers included the new Audi A3, the Audi A1 Sportback and the Audi A4 model line as well as the Q3 and Q5 SUVs.
At €11.734 billion, Q1 2013 revenue for the Audi Group almost equaled the record of €12.389 billion set in 2012.
Against a backdrop of increased expenditures for new products and technologies – as well as considerable advance payments toward expanding Audi’s international production network – the Audi Group achieved an operating profit of €1.307 (2012: 1.410) billion. This equates to a year-on-year drop of 7.3 percent.
Nevertheless, the operating return on sales of 11.1 (2012: 11.4) percent once again exceeded the strategic target corridor of eight to ten percent.
The first three months of the year saw the Audi Group earn €1.432 (2012: €1.511) billion pre-tax – almost on par with the corresponding period of the previous year. This resulted in a pre-tax return on sales of 12.2 (2012: 12.2) percent.
Audi’s Financial Results | Source Audi Group.