Audi says it will sell more than 1 million cars this year on the back of strong growth in China.
Audi’s finance chief, Axel Strotbek, forecast earnings would grow faster than revenue this year and said the medium-term target of achieving a pretax profit margin higher than a previously projected 8% should be exceeded.
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He said: “Eight percent is the minimum target that we have given for the mid-term and 18% return on investment may be conservative compared to the competition but we not only fulfil what we promise but exceed it.”
He added: “It is a sport for us to surpass our externally communicated targets.”
