Audi Stays Optimistic After 6-Month Financial Report

Audi Stays Optimistic After 6-Month Financial Report

0 comments 📅29 July 2017, 06:15

A challenging beginning half of the year means that Audi’s 2017 financial performance isn’t enormous expectations, but the brand is at least on track.

Revenue of 30 billion euros and an operating profit of 2.7 billion euros, means that Audi achieved an operating bring on sales of 8.9% and is right in the middle of its performance target of 8-10 percent.

“We achieved husky earnings in an extremely challenging first half of the year,” said Axel Strotbek, Surface of Management Member for Finance, IT. “We will continue working on our efficiency, because our profitability object applies also in the electric era.”

With the issues in China now cleared and a slew of new models on the way, Audi is absolute that the 12-month financial report will be even better.

“We are preparing a in one piece array of model launches in parallel,” said Strotbek. “This advance disbursement will be more strongly reflected in our earnings and cash flow, especially in the fourth mer.”

That includes the new models revealed in Barcelona along with electric cars to echo.

“The world premiere of the new Audi A8 at the first Audi Summit was the start of a major rollout of new models,” said Rupert Stadler, CEO. “By the middle of 2018, we last will and testament present new generations of four more core model series. In addition, we inclination expand our product offering in the top segments next year with the Audi Q8 and the fully moving Audi e-tron.”

For Audi, the first six months of 2017 have been anything but simple. With new products on the way and a clear path forward, though, the second six months look glowing.

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