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Audi Delivered 1.3 Million Cars, Makes €40.4 Billion From January To September Despite Chips Crisis
From January to September, Audi made global deliveries of 1,347,637 vehicles to customers, 13.5% more than in 2020 (1,187,190).
After nine months, Audi brand saw a revenue of €40.4 billion as well as an operating profit of €3.9 billion, despite semi-conductor crisis.
Volkswagen Group-owned German luxury car brand Audi says it performed better in the first nine months of this year than in the previous year despite the effect of the semi-conductor (chips) crisis which affected its 3rd quarter results.
According to the automaker, 1,347,637 Audi brand vehicles were delivered across the world from January to September, a solid increase of 13.5 percent than the prior year (1,187,190).
But Audi noted that the shortage of semi-conductors affected deliveries to customers in the third quarter, which fell by 23.8 percent compared with the same quarter of 2020.
CFO Jürgen Rittersberger:
“As already announced in the first half-year, the shortage of semiconductors has affected us in the third quarter especially. We feel the consequences in our volume and financial figures. Thanks to active counter-measures and our strong operating performance we have significantly reduced the financial effects in the last nine months”
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See Also : Mercedes-Benz Cars Delivered 1,617,508 Vehicles Between January And September, Thanks To China
During the last nine months of this year, demand for Audi models were higher than in the previous, pandemic-affected year. The Europe (+11.7 percent), China (+9.9 percent) and the USA (+31.2 percent) remain the brands leading markets during this period.
By the end of September, Audi said 52,774 all-electric vehicles had been supplied to customers, an increase of 51.4 percent compared to the same period in the previous year (2020: 34,850).
While it plans to launched new models of all-electric vehicles to the market as early as 2026, the brand said it will stop the production of the last models with internal combustion engines in 2033.
The revenue of the Audi Group from January to September was €40,375 million (2020 : 33,264 million), thanks to the Audi Q5 compact luxury crossover SUV and the all-electric Audi e-tron.
Lamborghini brand’s revenue in the first three quarters was €1,399 million (2020 : 1,182 million) while the Ducati brand saw a higher revenue than in the previous year, with a revenue of €720 million (2020 : 509 million).
The Audi Group concluded the first three quarters (January to September end) with a strong operating profit of €3,852 million (2020: 114 million).
