Audi Group posts strong first-quarter results

Posted on 01. Jun, 2016 by in Audi Canada

From Jan by March, a reward manufacturer delivered 455,754 automobiles of a Audi code to a customers, that is 4 percent some-more than in a initial entertain of final year (Q1 2015: 438,171). Revenue of €14,511 million was one percent reduce than in a prior‑year duration (Q1 2015: €14,651 million), essentially due to difficult exchange-rate effects and heated foe in some markets.

Operating profit of €1,202 million (Q1 2015: €1,422 million) includes disastrous special equipment in tie with potentially poor Takata airbags. Audi is auxiliary with a US National Highway Traffic Safety Administration (NHTSA) in sequence to explain a border to that additional Audi automobiles competence have to be removed in a United States. Audi famous a sustenance of €100 million for that eventuality in a initial quarter. Excluding special items, a Audi Group achieved operating profit of €1,302 million (Q1 2015: €1,422 million) and an handling lapse on sales of 9.0 percent (Q1 2015: 9.7 percent).

“Besides exchange-rate movements and special items, operating profit also reflects a high allege expenditure,” settled Axel Strotbek, Board of Management Member for Finance and IT during AUDI AG. “Nonetheless, a operating return on sales is within a vital aim mezzanine of 8 to 10 percent.” This year, Audi is environment a march for a destiny in many critical fields: With a Q2, a code is rising a totally new model, it is putting a plant in Mexico into operation and is rising a successful Q7 and A4 models in critical unfamiliar markets. The Audi Group skeleton collateral output of some-more than €3 billion this year.

The Audi Group’s profit before tax for a initial entertain of 2016 amounts to €959 million (Q1 2015: €1,497 million) and a return on sales before tax is 6.6 percent (Q1 2015: 10.2 percent). The change compared with a prior‑year duration is essentially due to market‑related gratefulness effects from currency‑hedging transactions.

The Audi Group’s targets for a full year continue to apply. For 2016, a assuage boost in deliveries of Audi vehicles is anticipated. Depending on mercantile conditions and exchange‑rate developments, a reward manufacturer also expects assuage income growth.

Audi anticipates a delay of heated foe in some pivotal markets. Another cause is a technological change in a automotive attention towards choice expostulate concepts and increasing digitization. Nonetheless, Audi once again aims for an handling lapse on sales within a vital aim mezzanine of 8 to 10 percent.

“We make certain we grasp a profitability targets by means of unchanging cost management. This gives us a financial range for a trail of investment and innovation,” settled Strotbek. With a entrance era of a A8, Audi is putting piloted pushing on a marketplace for a initial time. And in 2018, a code will launch a initial entirely electric automobile in a vast series. 

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