Audi Group closes strong first quarter

“The Audi Group and its brands Audi, Lamborghini, Ducati, and Bentley are decisively responding to current challenges. The keys to this include synergies across the group, our disciplined approach to fixed costs, and our strong brand positioning. The key financial figures for the first quarter confirm that we are on the right course,” commented Jürgen Rittersberger, Member of the Board of Management for Finance and Legal Affairs at AUDI AG.

Deliveries of battery electrical automobiles elevated by 66.2 p.c

The brand group delivered 390,826 automobiles to prospects within the first quarter (Q1 2021: 465,265). In the wake of provide shortages and renewed COVID-19 lockdowns in China, the group can’t absolutely meet the sustained excessive demand for Audi model automobiles. In mild of this truth, the model with the 4 rings delivered 385,084 automobiles to prospects, in contrast with 462,828 within the above-average similar quarter final 12 months. At the identical time, Audi elevated deliveries of its battery electrical fashions (BEV) by 66.2 p.c to 24,236 automobiles (Q1 2021: 14,583).

The Audi urbansphere offered in April gives a present glimpse into the way forward for electrical premium mobility. The idea automotive represents an opulent third residing area as a cell lounge and workplace with full privateness and a complete vary of high-tech options. Like the Audi skysphere and Audi grandsphere research, the Audi urbansphere is designed for Level 4 automated driving, a expertise that Audi is working towards introducing within the second half of the last decade along with CARIAD, the Volkswagen Group’s software program firm.

The Lamborghini and Ducati manufacturers elevated their deliveries within the first three months by 4.8 p.c and 5.1 p.c, respectively. The latest member of the model group, Bentley, offered 3,203 automobiles to prospects.

Stable revenues and file revenue

As a results of consolidating the Bentley model for the first time and due to a worth place that is still strong, the Audi Group elevated its income to 14,282 million euros (Q1 2021: 14,067 million euros). At 3,468 million euros, working revenue reached a brand new excessive within the first quarter (Q1 2021: 1,404 million euros). The working return on gross sales stood at 24.3 p.c (Q1 2021: 10.0 p.c). This working revenue efficiency displays the group’s strong model positioning and its ongoing self-discipline with regard to mounted prices. In addition, the extraordinarily excessive revenue of 1.2 billion euros from valuation results of uncooked materials hedges, particularly on nickel and aluminum, have been one other key earnings driver. Yet even with out this impact, the working margin would have nonetheless stood within the double-digit proportion vary.

As a part of its Vorsprung 2030 strategy, the Audi Group defines ESG as a strategic field, embedding ESG standards into all company and product choices. For higher comparability and transparency,Audi is voluntarily reporting in accordance with the brand new EU taxonomy regulation. . In the first quarter, EU-taxonomy-compliant income reached 11.3 p.c of the Audi Group’s whole income.

Strong efficiency by Ducati, Lamborghini, and Bentley

The Lamborghini model closed one of the best quarter in its historical past with revenues of 592 million euros (Q1 2021: 523 million euros), an working revenue of 178 million euros (Q1 2021:142 million euros), and an working return on gross sales of 30 p.c (Q1 2021: 27.2 p.c). The Bentley model, consolidated as a part of the Audi Group for the first time, generated revenues of 813 million euros (Q1 2021: 578 million euros)* and an working revenue of 170 million euros (Q1 2021: 65 million euros)*. Its working return on gross sales stood at 20.9 p.c (Q1 2021: 11.2 p.c)*. In a difficult surroundings, Ducati elevated its revenues by 14 p.c. The firm posted an working revenue and an working return on gross sales of 25 million euros and 10.7 p.c, respectively (Q1 2021: 21 million euros; 10.5 p.c).

Improved end result from business in China

The Audi Group’s monetary end result totaling 430 million euros (Q1 2021: 285 million euros) additionally embody the improved end result from its business in China (Q1 2022: 295 million euros, Q1 2021: 254 million euros).

Strong web money stream

The group’s web money stream reached 1,638 million euros (Q1 2021: 3,085 million euros), as soon as once more demonstrating the Audi Group’s distinctive potential to finance its personal operations. The unusually excessive determine for the earlier 12 months was partly attributable to later incoming funds from the high-volume fourth quarter of 2020. Net money stream within the first quarter of 2022 displays decrease optimistic results from working capital and disinvestments in participations with the disposal of nationwide gross sales corporations throughout the Volkswagen Group.

Forecast confirmed

Taking the foreseeable penalties of the struggle in Ukraine and the COVID-19 lockdowns in China up to now under consideration, the Audi Group is confirming its forecast for the fiscal 12 months 2022. The model group expects to ship between 1.8 and 1.9 million automobiles and generate revenues of between 62 and 65 billion euros. The working return on gross sales is predicted to fall between 9 and 11 p.c. Net money stream is predicted to succeed in a price of between 4.5 and 5.5 billion euros.

Further data may be discovered right here:
Quarterly Update and Fact Pack for Q1 2022

Selected Audi Group key figures at a look

Audi model deliveries to prospects

*Prior-year figures not included in the important thing monetary figures of the Audi Group.