Audi Group establishes new revenue and profit records in first quarter
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| • With revenue of €12.4 billion and an operating profit of €1.4 billion, the Audi Group enjoys its strongest first quarter ever|
• CFO Axel Strotbek: 'An 11.4 percent operating return on sales reflects the Company's high profitability.'
The Audi Group again demonstrated its strong position in the worldwide automotive business in the first quarter of 2012 in the shape of record deliveries, revenue and operating profit. In the first three months of the current fiscal year, the Company delivered 346,137 (2011: 312,532) cars of the Audi brand – more than ever before. And the operating profit of €1.4 billion (2011: €1.1 billion) was the Ingolstadt-based carmaker's best quarterly result ever. The models of the brand with the four rings remained very popular from January through March 2012. With 346,137 (2011: 312,532) cars delivered worldwide, 10.8 percent more customers chose an Audi than in the prior-year period. The Audi Group moreover increased its revenue by 17.8 percent to the new record level of €12.4 (2011: €10.5) billion. Meanwhile, its operating profit saw a 26.6 percent rise, significantly outstripping revenue growth to reach a new quarterly record of €1.4 (2011: €1.1) billion.