Successful initial half-year for Audi: record deliveries and clever profits

“The certain trend during a start of a year continued in a months to June: we have brought a initial half-year to a successful conclusion. Our financial opening shows that we have rubbed a hurdles of a tellurian necessity of semiconductors well, interjection to extensive counter-measures, and have been means to take advantage of a opportunities of a certain marketplace development,” says Jürgen Rittersberger, Board Member for Finance and Legal Affairs during AUDI AG. “The high numbers of vehicles delivered, even surpassing levels before a crisis, and good profitability are a transparent acknowledgment of a capabilities of a association and a lure of a product portfolio.”

Record turn of tellurian automobile deliveries

Customers‘ stability high turn of seductiveness in Audi models led to record deliveries in a initial half-year: from Jan to June, a association delivered 981,681 Audi-brand automobiles to business worldwide – a arise of 38.8 percent compared to a prior year (2020: 707,225). A total of 518,853 deliveries (2020: 354,232) also done a duration from Apr to Jun a strongest entertain for sales in a association history. On a Chinese market,Audi reached a best-ever outcome in a initial half with 418,749 deliveries (+38.4 percent). In a USA too, Audi achieved a best half-year, with 121,835 vehicles delivered (+59.9 percent). Momentum was also clever in Europe, with an boost of 32.7 percent (351,588 vehicles). Especially with all-electric and plug-in hybrid automobiles, a reward manufacturer available a poignant increase, with some 80,000 deliveries, some-more than twice as many as in a same duration of a prior year (2020: approx. 36,000). Furthermore, SUV models and a top-range vehicles gifted high expansion rates.

“Increased direct from a business and a successful sales opening worldwide were clever drivers of expansion in a initial half-year. In this approach we are stability a successful expansion to turn a heading provider of tolerable reward mobility,” says Hildegard Wortmann, Board Member for Sales and Marketing during AUDI AG.

Electrification is relocating forward during a Four Rings: Audi is gradually phasing out prolongation of combustion-engine vehicles adult to 2033, and a association intends to be carbon-neutral by 2050 during a latest. The broadly formed electric descent will be consistently pushed forwards during a same time: with a new e-tron GT quattro and RS e-tron GT models, and a initial all-electric automobile in a compress segment, Q4 e-tron and Q4 Sportback e-tron, a electric portfolio has stretched by 4 additional models. This means that, in a stream year already, Audi is rising some-more electric than combustion-engine vehicles onto a market. By 2025 a association skeleton to have over 20 all-electric models in a range.

Revenue aloft than pre-crisis level

In a initial 6 months, a Audi Group increasing sales revenue by 42.7 percent to €29,212 million (2020: 20,476 million). Compared to a prior year, noted by tellurian lockdowns, turnover in a initial half-year rose in all automobile segments, accompanied by a auspicious product and informal brew as good as good feat of cost goals. High direct for SUVs had a certain outcome on revenue: Audi’s Q models were good perceived by business in many markets, generally in a USA and in China. Revenue for a Lamborghini brand, during €961 million (2020: 766 million), was also aloft than in a prior year.

Operating lapse on sales within a vital aim range

For a initial half-year a Audi Group achieved operating increase amounting to€3,113 million (2020: -750 million). The operating lapse on sales in a initial half rose to 10.7 (2020: -3.7) percent and therefore lies within a vital aim operation of 9 to 11 percent. In serve to a clever opening in a core business and stability cost discipline, a high turn of increase and lapse on sales was reinforced by certain gratefulness effects generally for securing tender materials amounting to €0.9 billion compared to a prior year.

For a initial half of 2021, a Audi Group reports pre-tax profits of €3,875 million (2020: 86 million). This includes a high turn of profit from financial items in a initial 6 months during €762 million (2020: 836 million), reflecting sold healthy business in China.

Net money flow stood during €5,512 million (2020: 1,953 million), so demonstrating that a Audi Group is financially strong and good positioned for a future. In serve to high increase and continued investment discipline, a Four Rings benefited from anniversary factors and effects carried over from a final entertain of 2020 with a high volume.

Outlook for a full year: carefully confident as before

Looking during a whole of 2021, a association expects flourishing direct in tellurian automobile markets. At a same time there are signs that a months forward will also be noted by a vicious supply conditions for semiconductors. Audi continues to work greatly on counter-measures, though in perspective of a stability necessity it is not approaching to be probable to recompense in full in a march of a year for mislaid production. Furthermore, a Audi Group does not design serve estimable certain gratefulness effects from securing tender materials in a second half of a year. Nevertheless, a Four Rings take a carefully confident perspective of a remaining months of a year: accordingly, a Audi Group expects automobile deliveries of a Audi code and sales income to be significantly aloft than in a prior year. An handling lapse on sales in a designed operation of between 7 and 9 percent is expected. Based on a certain trend of a initial half-year and deliberation a aloft anniversary output in a second half, a Audi Group is adjusting a foresee for net money upsurge to a figure between €4.5 and €5.5 billion.

For serve information, see here:

Quarterly refurbish and fact container on initial half of 2021

Review by Jürgen Rittersberger, Board Member for Finance and Legal Affairs of AUDI AG, on initial half of 2021.

Selected pivotal total for Audi Group

Deliveries to customers, Audi brand

1st Half 2021

1st Half 2020

Change vs. 2020

World

981,681

707,225

+38.8%

Europe

351,588

265,020

+32.7%

– Germany

104,031

98,381

+5.7%

– United Kingdom

67,866

40,399

+68.0%

– France

27,961

18,539

+50.8%

– Italy

35,279

21,541

+63.8%

– Spain

20,285

16,726

+21.3%

USA

121,835

76,210

+59.9%

Mexico

5,699

3,703

+53.9%

Brazil

2,961

2,585

+14.5%

China incl. Hong Kong

418,749

302,512

+38.4%