New Q1 Revenue and Profit Records for Audi image

Audi managed to fetch record deliveries, revenue and operating profit in the first quarter of 2012.

In the first three months the company delivered 346,137 units, compared to 312,532 units in 2011, and the operating profit hit 1.4 billion euro compared to 1.1 billion euro in 2011. 10.8% more customers chose an Audi than in the prior-year period and Audi increased its revenue by 17.8% to the new record level of 12.4 billion euro compared to 10.5 billion in 2011. Its operating profit rose 26.6%, to a record of 1.4 billion euro compared to 1.1 billion euro in 2011.

“An 11.4 percent operating return on sales reflects the Company’s high profitability,” remarked Axel Strotbek, Member of the Board of Management of AUDI AG for Finance and Organization.

The record numbers are attributed to the increased volume, higher-grade model mix and to continuing productivity advances. Axel Strotbek is confident that the company will reach operating profit for 2012 at the level of 2011, even if the situation is difficult in certain European markets. To achieve this goal the company has already prepared to offer 18 new models to the market this year.

“Provided the economic framework does not change significantly, we expect operating profit for 2012 to remain at the high level of 2011, even though we will have to absorb higher expenses for new models, technologies and expanded production structures.”