Audi Group posts robust first-quarter results
- First-quarter results influenced by currency effects, high advance expenditure and special reporting items
- CFO Axel Strotbek: “We achieved an operating return on sales within our strategic target corridor in a challenging quarter”
- Audi to maintain its high level of advance expenditure for products, technologies and manufacturing structures
The Audi Group has reported a successful first quarter of 2016 despite challenging conditions. In the first three months of this year, it generated revenue of €14,511 million. Operating profit for the period amounts to €1,202 million and includes negative special items totaling €100 million. The operating return on sales of 8.3 percent is within the strategic target corridor of eight to ten percent despite the special items.