Audi Group: Good Performance in the First Half of the Year Despite Major Challenges

source: Audi AG

  • CFO Jürgen Rittersberger says: “In the first six months, Audi has shown financial stability and is fully within the target corridor for operating return on sales”
  • Member of the Board of Management for Sales Hildegard Wortmann: “Strong growth in all major sales regions – with more than 50 percent more electric cars delivered worldwide”
  • Revenue increased to €34.2 billion in the first half of 2023, operating profit was €3.4 billion with net cash flow of €1.9 billion

After a strong start to the year, the Audi Group continued its successful trajectory in the first half of 2023. Between January and June, the brand group progressive delivered a total of 919,548 Audi, Bentley, and Lamborghini vehicles. This corresponds to an increase of more than 15.3 percent compared with the previous-year period. The Group increased its deliveries, particularly in Europe and the USA. Revenue grew by 14.4 percent to €34.2 billion, with an operating profit of €3.4 billion. At 10.0 percent, the operating return on sales was within the target corridor of 9 to 11 percent. Audi once again delivered a strong performance with fully electric models: The increase of over 50 percent to 75,647 vehicle deliveries proves that the Four Rings is on the right track with its systematic electrification strategy.