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

In the minivan segment, the 2017 Chrysler Pacifica is already impressive in terms of fuel economy figures – as rated by the United States Environmental Protection Agency. In fact, the...
by - December 2, 2016
Having a blacked-out Bentley Mulsanne Speed is already menacing by itself but by naming it as the Bamford X, it became all the more imposing. This model was made by...
by - December 2, 2016
We have good news for those who are waiting for the latest version of the Mazda CX-5 compact crossover. It was just unveiled in November at the 2016 Los Angeles...
by - December 2, 2016
Those familiar with racing know that Marco Wittmann’s win during the 2016 Deutsche Tourenwagen Masters held last May was noteworthy as it was his second title in four seasons. In...
by - December 2, 2016
Volvo has revealed that while its products are used by a number of police organizations around the world, it will be the Swedish police that will get the first chance...
by - December 2, 2016
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