Audi Group – Consisting Of Audi, Bentley, Lamborghini And Ducati – Post Record First Half-year
Audi Group – consisting of Audi, Bentley, Lamborghini and Ducati brands – post record first half-year of 2022.
Its revenues increased by 2% to €29.9b and operating profit reached a new high of €4.9b in the first half of 2022.
Earnings of Audi Group were driven by solid operating performance of the Lamborghini and Bentley luxury brands.
The Premium brand group delivered 797,587 cars to customers in the first six months (2021: 986,567)
Deliveries of Audi brand vehicles fell to 785,099 (2021: 981,681) while Ducati delivered 33,265 (2021: 34,515) motorcycles.
Lamborghini sold 5,090 (2021: 4,852) vehicles (+4.9%), while Bentley sold 7,398 (2021: 7,199) vehicles.
The Audi Group’s revenues increased by two percent to €29.9 billion, and its operating profit reached a new high of €4.9 billion in the first half of 2022, despite a drop in sales figures due to the ongoing semiconductor crisis and COVID-19-related lockdowns in China.
Earnings of Audi Group, consisting of Audi, Lamborghini, Bentley and Ducati, were driven by the solid operating performance of the Lamborghini and Bentley luxury brands. At 16.5%, the operating margin was well above the previous year and above the strategic target corridor of 9 to 11%.
In total, the Premium brand group delivered 797,587 cars to customers in the first six months, which was less than the record 986,567 record deliveries in the first half of 2021.
Deliveries of Audi brand automobiles fell by 20% to 785,099 (2021: 981,681) while Ducati delivered 33,265 (2021: 34,515) motorcycles, a decline of 3.6% compared to the strong previous year.
Italian sports car brand automobili Lamborghini sold 5,090 (2021: 4,852) vehicles during the same period, an increase of 4.9%, while the British brand Bentley – the newest member of the brand group – sold 7,398 (2021: 7,199) vehicles.
“Our financial performance in the first six months of 2022 shows just how strong and profitable our brand group is. Despite the challenging economic and geopolitical environment, we were able to increase revenue and returns significantly,” says Markus Duesmann, Chairman of the Board of Management of AUDI AG.
“At the same time, the current situation in the world makes it clear that economies and society need to move away from fossil fuels even quicker. Expanding renewable energies and switching to e-mobility are important steps in this direction. That’s why we’re on the right track with our strategic focus on e-mobility and carbon-neutral production.”