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Audi starts challenging year with successful first quarter
- Audi Group: €15.3 billion revenue, €1.3 billion operating profit, operating return on sales of 8.5 percent
- CFO Alexander Seitz: “A solid basis to meet growing challenges”
- High self-financing strength: Significant increase in net cash flow to €1.9 billion
In the first quarter of 2018, the Audi Group surpassed its revenue and operating profit of the prior-year period. The operating return on sales of 8.5 percent was once again within the strategic target corridor. This year, the brand with the Four Rings will launch more new models than ever before in the company’s history, including the first fully electric Audi as a volume model. In addition to the management of model launches and phase-outs in the context of the Audi model initiative, which will be particularly intensive in the second half of the year, challenges arise from new industry-wide homologation requirements.