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Audi Group posts robust financial figures after
challenging first half of 2017
- Audi Group in first half of 2017: €30.1 billion revenue, €2.7 billion operating profit, 8.9 percent operating return on sales
- CEO Rupert Stadler: “We are renewing four more core model series after the A8 and have the Q8 and fully electric Audi e-tron in the pipeline.”
- CFO Axel Strotbek: “Efficiency measures throughout the Group are leading to the first successes.”
The Audi Group achieved revenue of €30.1 billion and operating profit of €2.7 billion in the first half of 2017. Audi improved its operating performance compared with the first half of last year. The operating return on sales increased to 8.9 percent and is clearly within the target corridor of 8 to 10 percent. Worldwide deliveries of Audi brand cars were lower than in the first half of 2016 following the temporary decrease in sales in China. In June, unit sales in China increased again and reached their highest ever level for the month of June. The company anticipates stronger sales worldwide in the second half of the year, while advance expenditure for new models will have a greater financial impact than in the first six months of this year.