Audi’s worldwide deliveries for the first quarter of 2011 increased 18.4 percent to 312,600 units from 264,017 in the same period last year, the company disclosed Monday.
The company recorded 10.5 billion euros as its first-quarter revenue, an increase of 27.3 percent. The company stated that this has been the best quarterly results in its history.
With the company expecting that the global economic rebound will provide a lucrative demand for new vehicles this year, Audi is contemplating on increasing core brand deliveries to approximately 1.2 million units.
In its financial report, the company stated that the demand for new cars will increase in all major sales regions except for Western Europe.
The automaker also reported that it achieved 1.1 billion euros in operating profit, which is more than double the 478 million euros that it reached in the first quarter last year. Chief Finance Officer Axel Strotbek said in a statement that the earnings reveal that the qualitative growth strategy of the company is working.
Moreover, the company disclosed that its 10.6 percent operating return on sales, as compared with the 5.8 percent in the prior year, follows on from the positive results that it achieved during the third and fourth quarters of last year. Such strong growth emphasizes the Audi Group’s high profitability, the company stated.
The company also disclosed that demands for its new models launched in 2010 remained high during the first quarter of this year.
Among the new models that helped strengthen the company’s performance were the Audi A1, the A8 flagship, and the A7 Sportback. For this year, the new A6, which was launched on April 1, as well as its station wagon version A6 Avant, are expected to be on sale by the second half. In addition, the Q3 SUV is set for launching this June.