Audi Announces Best Quarter In Its History: 18.4% Of Sales

Audi has proved competitive with the best results for first quarter of the entire history of the company. With 312,600 vehicles delivered in the first three months (2010: 264,017), Audi sold 18.4% more cars than last year.

In the first quarter of 2011, the Audi Group increased its revenues by 27.3% compared to same period last year, up from 10.5 billion euros (2010: 8.2 billion euros).

Thanks to further improve and optimize the mix of models of processes and costs, the German company has doubled its operating profit to 1.11 billion euros (2010: 478 million euros).

"These gains show that the improved our operating strategy," said Axel Strotbek, director of the Board of Finance and Organization Management at Audi AG.

German official reiterated annual targets: "We want to sell over 1.2 million cars by Audi in 2011 and also to raise our revenue and profits compared to last year. However, the high volatility of exchange rates and higher prices for certain raw materials continues to be a risk for us. "

Performance in the first quarter of 2011 can be attributed, among other things, new models launched in 2010. Flagship Audi A8, Audi A7 Audi A1 Sportback and had a great contribution to declare 2010 as the best in sales and demand for these models has remained high and the first quarter of 2011.

Audi improved its product range this year. Audi A6 dealerships reached on April 1. Audi A6 Avant will be available in the second half of 2011, Audi Q3 and will be sold in June.

Source: http://www.audi.com/