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Audi Group: H1 sales of €34.2bn, up 14.4% year-on-year

The Audi Group released its financial report for the first half of the year, with sales revenue of 34.2 billion euros, compared with 29.9 billion euros in the same period last year, a year-on-year increase of 14.4%; operating profit It was 3.417 billion euros, which was 4.933 billion euros in the same period last year; the operating sales profit margin was 10.0%, and the operating sales profit margin was 12.2% after excluding the impact of raw material hedging.


Picture source Audi Group official website

Audi Group’s financial income in the first half of the year was 880 million euros, a year-on-year increase of 16.8%, compared with 754 million euros in the same period last year; Chinese business contributed 457 million euros to financial performance, compared with 431 million euros in the same period last year; net cash flow decreased to 1.882 billion euros, The main reason is the lower after-tax profit, and other reasons include increasing inventory, preparing for the sales plan in the second half of the year, and investing in plans for upcoming models.

In terms of sales, the cumulative delivery of Audi, Bentley and Lamborghini brand cars totalled 919,548 vehicles, a year-on-year increase of 15.3%. The proportion of electric vehicles in the Audi Group’s delivery volume rose to 8.2%. Among them, the Audi brand delivered 907,111 vehicles in the first half of the year, an increase of nearly 16% year-on-year; the delivery volume of pure electric vehicles was 75,647 vehicles, an increase of 51.2% year-on-year.

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Threza Gabriel
Threza Gabrielhttps://www.techgoing.com
Threza Gabriel is a news writer at TechGoing. TechGoing is a global tech media to brings you the latest technology stories, including smartphones, electric vehicles, smart home devices, gaming, wearable gadgets, and all tech trending.

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