Audi seeks to match EUR5.35 billion operating profit posted in 2011

Article by Anita Panait, on October 31, 2012

Audi is aiming this year to match its EUR5.35 billion in operating profit posted in 2011, despite dwindling earnings in the third quarter of 2012. In a statement, finance chief Axel Strotbek said that Audi is still on track to reach its operating profit target for 2012. Audi posted EUR1.3 billion in operating profit for the third quarter of 2012, compared to EUR1.4 billion in operating profit for the same period in 2011.

Audi said in the statement that the smaller figures were to increased research and development, production and marketing spending. Despite the lower profit figures, Audi managed to sell 364,303 vehicles around the world in the third quarter of 2012, compared to 320,262 in global sales in the same period in 2011. This allowed Audi to log a 15.7-percent increase in revenues to EUR12.6 billion. 

However, Audi's operating margin dropped to 10.5% from 13.1%. Audi has said that it is targeting to hike its worldwide deliveries from 1.3 million vehicles in 2011 to 1.4 million units this year, eyeing to globally outsell rival premium carmakers Mercedes-Benz and BMW. Audi delivered 1.09 million vehicles in the first three quarters of 2012, up from 973,154 in the same period in 2011.

Topics: audi, profit

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Cadillac’s CT6 full-size prestige-luxury sedan is still somewhat new. It has been offered to the global auto market for two model years – 2016 and 2017. But for those who...
by - February 19, 2017
In many industries, it is the rivalries that make things exciting. In basketball for example, there is the well-known rivalry between the Los Angeles Lakers against the Boston Celtics. For...
by - February 19, 2017
Now on sale in several major markets around the world including Europe, the BMW 5 Series (G30) heralds the arrival of the new seventh generation and represents a whole new...
by - February 19, 2017
Just recently, it was speculated that a new Porsche Cayman GT4 RS is coming. There is no official confirmation yet from the German sports car maker, but the arrival of...
by - February 18, 2017
Will there be a BMW M4 CS? Apparently, there is a Club Sport version of the BMWM4 after it was sighted in California doing a shoot for a new commercial...
by - February 18, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries