Audi Reports Stable Quarter Despite Trouble in China

Audi Reports Stable Quarter Despite Trouble in China

0 comments 📅04 May 2017, 22:15

Worldwide sales of Audis were down in the head three months of 2017 as a result of continued difficulties in China. In all, global sales for the retinue were down 7.3%, though revenue and operating return on sales were both pungent.

Although sales in China were down, sales in western Europe and America were at document highs, which helped mitigate the effects of China’s downturn.

Revenue, for the time being, was close to the prior year’s figure at €1,43 billion, as compared to last year’s €1.45 billion.

“With an operating restore on sales of 8.7 percent, we are significantly within our target corridor of 8 to 10 percent at the end of a profound quarter,” said Axel Strotbek, head of Finance and IT. In fact, this zone’s operating return on sales is even higher than last year’s, which was 8.3%.

And thanks to its investments, Audi’s profit in front of taxes is also up €1.4 billion, it far outstrips 2016 Q1 profit of €959 million.

In defiance of that, Strotbek is still realistic about the coming months.

“We forecast challenging conditions also in the coming months, but believe we are well prepared for them with our new models and market launches,” he said.

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