Mexican Media Brands
Audi Quarterly Operating Income Rises 3%
Audi AG posted a €1.5 billion operating profit in the second quarter of 2012 compared with €1.4 billion in the same period last year.
#economics
Share
Audi AG posted a €1.5 billion operating profit in the second quarter of 2012 compared with €1.4 billion in the same period last year.
Revenue climbed 14% to €12.6 billion in the April-June period, and volume grew 14% to 387,100 vehicles. Surging sales in Asia and North America offset weak European demand. Return on sales contracted to 11.7% from 13% a year earlier. Audi, which is a subsidiary of Volkswagen AG, does not report net earnings.
In the first half, operating profit jumped 13% to €2.9 billion. Revenue increased 16% to €25 billion, and volume rose 12% to 733,200 vehicles. Return on sales narrowed to 11.5% from 11.8% in the first half of 2011.
Revenue soared 40% to €7.6 billion in Asia Pacific and 35% to €3 billion in North America in the January-June period. Sales climbed 17% to €5.5 billion in Germany but slipped 3% to €8.4 billion in the rest of Europe.
For the full year, Audi confirms its outlook for an 8% increase in unit sales to 1.4 million vehicles, bolstered by the arrival of the A1 Sportback five-door supermini, Q3 compact crossover vehicle and next-generation A3 small car late this summer. The company predicts 2012 operating income will match the €5.3 billion it earned last year.
RELATED CONTENT
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.