Audi Group achieves all-time excessive working revenue; sees progress in EV gross sales

Main contributors to electrical automobile gross sales had been the brand new Audi This fall e-tron and the Audi e-tron GT quattro1 with 21,098 models and 6,896 models offered within the 2021 fiscal, respectively.

By :
HT Auto Desk

Up to date on:
18 Mar 2022, 09:47 AM

Markus Duesmann, Chairman of the Board of Administration and Board of Administration Member for Product Traces at Audi AG

Audi Group has recorded an all-time excessive working revenue and internet money circulate within the monetary yr of 2021. The corporate achieved a income of round 53 billion euros, working revenue of 5.5 billion euros and working return on gross sales amounting to 10.4 p.c. The corporate’s internet money circulate stood at 7.8 billion euros. The carmaker has attributed the optimistic monetary efficiency to strict price self-discipline, good pricing positions and powerful residual values.

Audi Group’s manufacturers comparable to Lamborghini and Ducati carried out nicely whereas the deliveries of its battery electrical automobiles (BEVs) elevated by 57.5 per cent. The Group delivered a complete of 81,894 absolutely electrical automobiles to clients with main contributors being the brand new Audi This fall e-tron and the Audi e-tron GT quattro1. The fashions noticed gross sales of 21,098 models and 6,896 models respectively.

The corporate’s total deliveries in fiscal yr 2021 had been almost on the identical degree as final yr. The Audi model delivered a complete of 1,680,512 automobiles to clients final yr, reaching almost the identical figures because the yr earlier than. Within the first half of the yr, Audi elevated deliveries by 38.8 p.c to 981,681 automobiles. Nonetheless, on account of persistent semiconductor shortage, the demand within the second half of the yr wasn’t absolutely met.

(Additionally learn | Audi teases e-tron Sportback facelift present process winter testing)

For fiscal yr 2022, the Group expects deliveries of between 1,800 and 1,900 thousand automobiles. Income is anticipated to be between 62 and 65 billion euros whereas working return on gross sales is anticipated to be between 9 and 11 p.c. And if normalizing working capital and growing funding exercise continues, internet money circulate will doubtless attain a price of between 4.5 and 5.5 billion euros. Nonetheless, the concrete results of the conflict in Ukraine on the Audi Group’s enterprise can’t be estimated but.

The corporate is engaged on its 2030 objectives of electrification and digitalization. As a part of its company technique Vorsprung 2030, Audi will solely launch absolutely electrical fashions worldwide beginning 2026. Audi intends to scale back its vehicle-related CO2-emissions alongside your complete worth chain (excluding regionally produced automobiles in China) by 40 p.c by 2030, as compared with the reference yr of 2018.

The corporate appears to increase its battery electrical portfolio with the Audi A6 Avant e-tron idea. Later manufacturing variations of the Audi A6 e-tron would be the first flat-bottom automobiles primarily based on the brand new Premium Platform Electrical (PPE), the large-scale platform for the mid-range and premium class. Audi is thus engaged on making electromobility mainstream.

First Printed Date: 18 Mar 2022, 09:34 AM IST

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