Audi Group First Half-Year: Operating Profit at All-Time High

source: Audi AG

  • CEO Duesmann: “Global fossil fuel crisis affirms strategic focus on e-mobility and carbon-neutral production.”
  • CFO Rittersberger: “A strong first half-year shows that Audi has mastered the turbulence well and systematically seized opportunities.”
  • Revenues of €29.9 billion, operating profit of €4.9 billion, operating margin of 16.5%, net cash flow of €2.6 billion.

The Audi Group is presenting a solid balance sheet for the first half of 2022. Due to the ongoing semiconductor crisis and COVID-19-related lockdowns in China, Audi could not meet the high demand for its core brand vehicles. Despite this, the Audi Group’s revenues increased by two percent to €29.9 billion, and its operating profit reached a new high of €4.9 billion. At 16.5%, the operating margin was well above the previous year and above the strategic target corridor of 9 to 11%. Earnings were driven by the good price position, the solid operating performance of the Lamborghini and Bentley luxury brands, and support from raw material hedging. The Audi Group confirms its forecast for deliveries, revenue, and returns.