Audi  Posts Record Year in 2012

Audi Posts Record Year in 2012

Audi said that it sold a record 1.455 million cars worldwide last year, 11.7% more than in 2011.

FRANKFURT -- Audi, the top-of-the-range subsidiary of European auto giant Volkswagen (IW 1000/10), said Tuesday it booked record sales in 2012 and hopes to achieve further growth this year.

Audi said that it sold a record 1.455 million cars worldwide last year, 11.7% more than in 2011.

That meant revenues increased by 10.6% to 48.78 billion euros (US$63.4 billion) and operating profit edged up by 0.6% to 5.38 billion euros, both new records, Audi said.

"Despite tangible fallout from the debt crisis in a number of countries and a shrinking overall market in Europe, we achieved record levels of output, deliveries, revenues and earnings," the carmaker boasted.

"2012 was a very successful year for us. We surpassed all our goals and with Ducati added a very attractive premium brand to our brand portfolio," said chief executive Rupert Stadler.

Nevertheless, while operating profit rose, pre-tax profit declined by 1.4% to 5.956 billion euros due to increased distribution and marketing costs.

Stadler said Audi "aims to grow further in 2013 as well."

The group is penciling in "a slight increase in sales revenues," he said.

"Profits will benefit from the targeted increase in unit sales, as well as the ongoing measures to boost productivity and efficiency," Stadler added.

Copyright Agence France-Presse, 2013

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish