March 2008
In the 2007 fiscal year, AUDI AG once again achieved record figures for production, vehicle sales, revenue and profit.
“We’re looking back on the most successful fiscal year in the history of our company: We have achieved the twelfth consecutive record year for vehicle sales and we were able to increase all of the key financial figures to new record levels – we call that qualitative growth, since only profitable growth can secure our competitiveness in the long term,” said Rupert Stadler, Chairman of the Board of Management of AUDI AG, at today’s Annual Press Conference in Ingolstadt.
With a rise of 5.7 percent in vehicle sales, the Audi Group’s sales revenue for the 2007 fiscal year attained a new record high of €33,617 million (€31,142)* – an increase of 7.9 percent. With an operating result of €2,705 million (€2,015), the company has registered significant growth of 34.2 percent. “This marks the highest profit from operating activities in the history of the company while also providing convincing evidence of the healthy and sustained growth of the Audi Group,” emphasized Axel Strotbek, Member of the Board of Management for Finance and Organization of AUDI AG.
This success is particularly attributable to further improvements in the model mix through the sale of highly exclusive cars such as the Audi Q7, models from the TT family, the Audi A5 and the Audi R8 supersportscar. “This is reflected especially in the below-average rise in production costs in relation to the sales revenue – this is what we consider qualitative growth,” Strotbek said.
At €2,915 million (€1,946), the company once again recorded a new best figure for profit before tax. This represents a rise of 49.8 percent. Profit after tax was at €1,692 million (€1,343), up 26 percent.
The Audi Group achieved significant growth of 4.4 percentage points in the return on investment, to 18.6 (14.2) percent. The disproportionately sharp rise in earnings compared with revenue is also shown by the increase in the rate of return from 6.2 to 8.7 percent. “This means that Audi is one of the most profitable companies in the international automotive industry today,” was Strotbek’s evaluation of this development.
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