View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
July 30, 2015

GERMANY: Audi brand sets first half sales record

Volkswagen's premium Audi Group division boosted operating profit 9.1% to EUR2.9bn in the first half of 2015.

Volkswagen’s premium Audi Group division boosted operating profit 9.1% to EUR2.9bn in the first half of 2015.

Audi brand sales rose 3.8% to a record 902,389 units. Revenue was up 11.6% to EUR29.8bn but operating return on sales of 9.8% was down from the 10% achieved in H1 2014 but within the targeted 8%-10%.

“Due to the high volatility of markets and rising costs for the next stage of the model initiative, cautious business operations are of key importance,” the automaker said.

Profit after tax amounted was up 4.6% to EUR2,429m.

Finance chief Axel Strotbek said: “We are deliberately making large investments in new models, technologies and production capacities, which will pay off in the medium and long term.”

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Auto