The Audi Group continues to lead the Premium brand name group effectively through a hard market environment. In the very first 3 quarters of the year, the brand name group increased its sales by 10.4 percent year-on-year to EUR 44.6 billion. Operating revenue reached 6.2 billion euros and considerably went beyond the level of the previous year, and operating earnings on sales likewise enhanced to 14 percent.
However, Audi has actually changed its projection for this year and now anticipates less cars and truck sales however a much better earnings margin than in the past. The Volkswagen Group subsidiary now anticipates just 1.65 to 1.75 million vehicle shipments and sales of 60 to 63 billion euros this year– that is, around 150,000 vehicle sales and 2 billion euros less sales than formerly prepared.
The beneficial rate position and great efficiency of Bentley, Lamborghini and Ducati added to the outstanding operating lead to the very first 3 quarters of2022 The brand name group hence continued its effective course from the very first half of the year. Capital of EUR 4.6 billion remains at a high level.
” The operating results after 9 months, which were affected by geopolitical unpredictability and continuous interruptions to the supply chain, show the strength of our brand name group,” states Markus Duesmann, Chairman of the Board of Management of AUDI AG. “At the exact same time, we aim to the future and adhere to our tactical objectives without compromise.”
Positive advancements in electronic structures continue
In the very first 9 months, the brand name group provided 1,212,275 lorries (2021: 1,354,587) to consumers. The decline of 10.5 percent compared to the previous year has actually been credited to continuous supply restrictions and difficulties in the transport chain. Regardless of this challenging production environment, the Audi brand name increased shipments by nearly 12 percent (408,430 automobiles) in the 3rd quarter. Company likewise prospered well in the house market: from January to September, Audi provided 8.1 percent more designs to consumers than in the exact same duration in 2015. In the year to date, the Audi brand name has actually provided 1,193,529 cars (–114 percent) to clients worldwide.
Deliveries of completely electrical lorries (BEV) from the Audi brand name continued well, increasing by more than 45 percent compared to the previous year. An overall of 76,989(2021: 52,774) BEV lorries were provided. The BEV share of the brand name group as a whole increased considerably to 6.4 percent (2021: 3.9) in the reporting duration– a sign of a strong electrification technique at Audi, which will be more sped up in the coming years.
From 2026, Audi will release just completely electrical designs. High need is currently showing the appeal of the electronic portfolio. The next design is currently on the beginning blocks: The follower to the very first electrical leader from Audi, the Audi e-tron, will commemorate its launching prior to completion of2022 A design covered in camouflage paper was currently seen on the streets in September.
Commitment to Formula 1 as a worldwide action for brand name and development driver
A more effective electrification will likewise include in Formula 1 from 2026: From 2026, the technical guidelines imagine a substantial boost in power output of approximately 50 percent, along with sustainable fuel usage– in the nick of time for Audi to get in the world’s most popular race. series. “With the adoption of the brand-new guideline, our necessary entry requirements have actually been fulfilled,” states Markus Duesmann. “In addition to the expense limitation for the power system, the 2026 race series likewise takes a huge action towards sustainability.”
Audi has actually picked Sauber as a tactical partner for this job. The standard Swiss racing group will begin as an Audi works group from 2026 and utilize an Audi-developed drive system in motorsport’s premier class. As part of this collaboration, Audi prepares to take a stake in the Sauber Group.
Audi not just wishes to utilize its dedication to Formula 1 as a worldwide action for the brand name, however likewise based upon the drive for the advancement of the vehicle. “High efficiency and competitors are constantly the motorists of development and innovation transfer in our market,” Duesmann continues. At its motorsport center of quality in Neuburg, Audi has actually currently begun to construct Audi Formula Racing GmbH and establish a driving system for entry into Formula 1 in2026 The business produced for the task consists of workers from Audi Sport GmbH, supplemented by external professionals.
Clear earnings in the plus
In the very first 3 quarters, the Audi Group created sales profits of 44,561 million (2021: 40,375), a boost of 10.4 percent. As in previous quarters, the brand name group gained from steady prices and strong advancement in the location of electrical cars. The newbie combination of the Bentley brand name likewise added to a favorable advancement in sales. EU-compliant sales increased somewhat to 12.4 percent, determined in overall sales.
Operating earnings on sales is still above the tactical target
Operating revenue reached 6,250 million euros (2021: 3,852), operating revenue on sales was 14 percent (2021: 9.5) and therefore above the tactical target. Hence, the brand name group had the ability to continue the pattern of the previous quarters. In addition to the beneficial rate position, the strong efficiency of Lamborghini, Bentley and Ducati items likewise added to the record results. The favorable impacts from basic material hedge deals were lower than in the previous year.
Lamborghini, Bentley and Ducati with great monetary efficiency
Lamborghini handled to set another shipment record in the very first 3 quarters. With 7,430 cars provided in the very first 9 months, Lamborghini went beyond in 2015’s figure by 7.6 percent. Earnings grew by 30.1 percent to EUR 1,926(2021: 1,481) million. Running outcomes increased to 570 million euros (2021: 338), running earnings on sales reached a great 29.6 percent.
Bentley1 increased around the world deliveries by 3.5 percent to 11,316 automobiles and increased sales to 2,490 million euros. Bentley more than doubled its operating make money from the previous year to EUR 575 (2021: 275) million. With a return on sales of 23.1 percent, Bentley stays on track and plainly surpasses its tactical objective.
With shipments of 49,873 bikes (2021: 49,719) in 9 months, Ducati is somewhat above the level of the previous year. Sales increased by 21.2 percent to EUR 872 (2021: 720) million. Operating earnings totaled up to EUR 109 (2021: 67) million, with an operating revenue on sales of 12.5 percent.
” Lamborghini, Bentley and Ducati have actually been crucial factors to our strong monetary efficiency. This reveals as soon as again that our brand name group is more than the amount of its parts,” states Jürgen Rittersberger, Board Member for Financial Management and Legal Affairs at AUDI AG. “With our broad portfolio, we are extremely steady, even throughout geopolitical disputes. Our sales return of 14 percent, once again substantially surpassing our targets this quarter, is an excellent testimony to this cumulative strength.
Financial outcomes and net capital
The monetary outcome of the Audi Group increased to EUR 1,283(2021: 961) million and consists of a greater benefit from the China service of EUR 823 (2021: 780) million. The quick healing from the COVID-19 lockdown in China in the 2nd quarter contributed substantially to the enhancement in revenues. Revenue prior to tax for the very first 3 quarters was EUR 7,533(2021: 4,813) million.
The net capital was changed compared to the really high worth of the previous year and is at a steady level of EUR 4579 (2021: 7917) million. On the one hand, this is because of the boost in stock as an outcome of greater production in the 3rd quarter and, on the other hand, to the continuous disturbance of transport and supply. In addition, greater tax payments, financial investments and so on. B. in the brand-new production website of Audi FAW NEV Company Ltd. in Changchun and the transfer of shares within the VW Group had an effect on capital.
The projection has actually been modified
In light of the noticeable outcomes of the continuous difficult supply circumstance, the Premium brand name group has actually modified its projection for 2022 general and now anticipates the shipment of in between 1.65 and 1.75 million lorries. Sales income in between 60 and 63 billion is anticipated. Thanks to strong market efficiency and continued expense discipline, the Audi Group anticipates an operating revenue on sales of in between 11 and 13 percent.
This presumes that there will be no significant disruptions in the raw products market throughout the remainder of the year. A roi in between 19 and 22 percent is anticipated. The projection for the Audi Group’s other crucial figures is the same compared to the very first half, so capital is anticipated to be in between 4.5 and 5.5 billion euros. (ty)
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