Audi reports Q3 operating profit of €1.4 billion image

VW’s group luxury division – Audi Ag on Wednesday reported an Operating profit of €3.96 billion from January to September (Q3 1.4 billion).

Audi sold 973,211 vehicles from the beginning of 2011 – an increase of 17.4 percent. The company recorded an operating profit of €3.96 (2010: 2.27) billion – an increase of 74.4 percent.

Europe was the largest market for the brand – YTD the Ingolstadt manufacturer delivered
551,981 (2010: 491,310) Audi cars – 12.3 percent more compared to the same period of 2010. The new A6 and the A1 in particular were responsible for additional growth in this market.

In the United States Audi sold 84,981 units in the first nine months of the current business year. – 14.5 percent more (2010: 73,590).

Strong demand in China also supported the economic development of the Audi brand. The brand with the four rings delivered 226,010 (2010: 174,907) cars in China (including Hong Kong) from January through September. Audi thus improved on the prior-year figure by 29.2 percent and grew at a much higher rate than the overall market.