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ReprintsAudi posts record results
James Franey
Automotive News Europe
March 11, 2008 11:07 CET
UPDATED: 03/11/08 14:21 CET
INGOLSTADT, Germany -- Helped by higher sales of its top-end cars, Audi today posted its highest ever profit before tax. The German premium brand's profit before tax increased 49.8 percent to 2.91 billion euros in 2007. Its profit after tax rose 26 percent to 1.69 billion euros. Audi had record global unit sales for the 12th year. Its worldwide sales were up 5.7 percent to 964,151. Axel Strotbek, Audi board member for finance and organization, said higher sales of vehicles with high profit margins such as the Q7 premium SUV and the launch of the new TT sports car and A5 coupe helped boost the carmaker's financial performance. Last year, Q7 sales increased 55 percent to 81,775, while TT sales more than doubled to 51,771 from 19,489 the year before. Audi's revenues last year were 33.6 billion euros, up 7.9 percent from the previous year. Strotbek said improved sales in growth markets such as central and eastern Europe and Asia helped to increase profits. Audi's Russian sales grew 39.3 percent to 15,007 in 2007. China overtook the UK as Audi's biggest foreign market. Last year, Audi sold 101,996 cars in China in 2007 a year-on increase of 24.8 percent. In the UK, Audi's sales rose 17.1 percent to 100,712. Germany is still Audi's biggest market despite a drop in sales last year. Audi sold 254,014 cars in Germany in 2007, a drop of 1.5 percent compared with 2006. You may e-mail James Franey at jfraney@craincom.de |
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