Audi today reported the best first-quarter in the company’s history after delivering 312,600 vehicles in the first three months of 2011, an increase of 18.4 percent worldwide than the same period in 2010 (264,017).
Audi said it increased revenue in the first quarter of 2011 by 27.3 percent in comparison with the same period last year to €10,514 million (2010: €8,260 million). Audi plans to increase deliveries of the core brand to around 1.2 million vehicles in 2011.
“These earnings show that our qualitative growth strategy is working,” said Axel Strotbek, Member of the Board of Management for Finance and Organization at Audi. Thanks to the strong earnings performance, the 10.6 percent operating return on sales (2010: 5.8 percent) follows on from the good results in the third and fourth quarters of 2010. This strong growth underscores the high profitability of the Audi Group.
Audi said that the A8 sedan, A7 sportback and the A1 contributed greatly to making 2010 the strongest year in terms of sales. It said that demand for these models remained high in the first quarter of 2011.
– By: Omar Rana