 |
Successful first half-year for Audi: record deliveries and strong profits
30.07.2021: Record deliveries: the best first half-year in Audi’s history with 981,681 vehicles delivered to customers
Revenue totals €29.2 billion, operating profit €3.1 billion, operating return on sales 10.7 percent, profit before tax amounts to €3.9 bil
|
Record deliveries: the best first half-year in Audi’s history with 981,681 vehicles delivered to customers
 Revenue totals €29.2 billion, operating profit €3.1 billion, operating return on sales 10.7 percent, profit before tax amounts to €3.9 billion Strong net cash flow: €5.5 billion CFO Rittersberger: “We have finished the first half-year with success. Nevertheless, the situation continues to be challenging.“
A healthy result after six months: the Audi Group achieved a successful half-year performance in spite of a critical situation with semi-conductor supplies. From January to June the company delivered 981,681 automobiles to customers worldwide, thus concluding the best first half in the history of Audi.
The positive trend in volume is also reflected in the financial performance: sales revenue amounted to €29.2 billion. An operating profit of €3.1 billion testifies to high customer demand, a strong sales performance, and continued cost discipline.

Moreover, in the first half-year Audi benefited from positive valuation effects in securing raw materials. The operating return on sales, at 10.7 percent, therefore lies within the strategic target range of 9 to 11 percent. Net cash flow amounting to €5.5 billion reflects the financial strength of the Audi Group.
“The positive trend at the start of the year continued in the months to June: we have brought the first half-year to a successful conclusion. Our financial performance shows that we have handled the challenges of the global shortage of semiconductors well, thanks to comprehensive counter-measures, and have been able to take advantage of the opportunities of the positive market development,” says Jürgen Rittersberger, Board Member for Finance and Legal Affairs at AUDI AG.
“The high numbers of vehicles delivered, even exceeding levels before the crisis, and good profitability are a clear confirmation of the capabilities of our company and the attractiveness of our product portfolio.”
Record level of global vehicle deliveries
Customers‘ continuing high level of interest in Audi models led to record deliveries in the first half-year: from January to June, the company delivered 981,681 Audi-brand automobiles to customers worldwide – a rise of 38.8 percent compared to the previous year (2020: 707,225).
A total of 518,853 deliveries (2020: 354,232) also made the period from April to June the strongest quarter for sales in the company history. On the Chinese market,Audi reached its best-ever result in the first half with 418,749 deliveries (+38.4 percent). In the USA too, Audi achieved its best half-year, with 121,835 vehicles delivered (+59.9 percent). Momentum was also strong in Europe, with an increase of 32.7 percent (351,588 vehicles).
Especially with all-electric and plug-in hybrid automobiles, the premium manufacturer recorded a significant increase, with some 80,000 deliveries, more than twice as many as in the same period of the previous year (2020: approx. 36,000). Furthermore, SUV models and the top-range vehicles experienced high growth rates.
“Increased demand from our customers and the successful sales performance worldwide were strong drivers of growth in the first half-year. In this way we are continuing our successful development to become a leading provider of sustainable premium mobility,” says Hildegard Wortmann, Board Member for Sales and Marketing at AUDI AG.

Electrification is moving ahead at the Four Rings: Audi is gradually phasing out production of combustion-engine vehicles up to 2033, and the company intends to be carbon-neutral by 2050 at the latest. The broadly based electric offensive will be consistently pushed forwards at the same time: with the new e-tron GT quattro1 and RS e-tron GT2 models, and the first all-electric car in the compact segment, Q4 e-tron and Q4 Sportback e-tron, the electric portfolio has expanded by four additional models.
This means that, in the current year already, Audi is launching more electric than combustion-engine vehicles onto the market. By 2025 the company plans to have over 20 all-electric models in its range.
Revenue higher than pre-crisis level
In the first six months, the Audi Group increased sales revenue by 42.7 percent to €29,212 million (2020: 20,476 million). Compared to the previous year, marked by global lockdowns, turnover in the first half-year rose in all vehicle segments, accompanied by a favorable product and regional mix as well as good achievement of price goals.
High demand for SUVs had a positive effect on revenue: Audi’s Q models were well received by customers in many markets, especially in the USA and in China. Revenue for the Lamborghini brand, at €961 million (2020: 766 million), was also higher than in the previous year.
Operating return on sales within the strategic target range
For the first half-year the Audi Group achieved operating profits amounting to€3,113 million (2020: -750 million). The operating return on sales in the first half rose to 10.7 (2020: -3.7) percent and therefore lies within the strategic target range of 9 to 11 percent.
In addition to the strong performance in the core business and continuing cost discipline, the high level of profits and return on sales was reinforced by positive valuation effects especially for securing raw materials amounting to €0.9 billion compared to the previous year.
For the first half of 2021, the Audi Group reports pre-tax profits of €3,875 million (2020: 86 million). This includes a high level of profit from financial items in the first six months at €762 million (2020: 836 million), reflecting particular healthy business in China.
Net cash flow stood at €5,512 million (2020: 1,953 million), thus demonstrating that the Audi Group is financially robust and well positioned for the future. In addition to high profits and continued investment discipline, the Four Rings benefited from seasonal factors and effects carried over from the last quarter of 2020 with its high volume.
Outlook for the full year: cautiously optimistic as before
Looking at the whole of 2021, the company expects growing demand in global car markets. At the same time there are signs that the months ahead will also be marked by a critical supply situation for semiconductors. Audi continues to work intensely on counter-measures, but in view of the continuing shortage it is not expected to be possible to compensate in full in the course of the year for lost production.
Furthermore, the Audi Group does not expect further substantial positive valuation effects from securing raw materials in the second half of the year. Nevertheless, the Four Rings take a cautiously optimistic view of the remaining months of the year: accordingly, the Audi Group expects vehicle deliveries of the Audi brand and sales revenue to be significantly higher than in the previous year.
An operating return on sales in the planned range of between 7 and 9 percent is expected. Based on the positive trend of the first half-year and considering the higher seasonal expenditure in the second half, the Audi Group is adjusting its forecast for net cash flow to a figure between €4.5 and €5.5 billion.

Selected key figures for Audi Group
1st Half 2021 1st Half 2020
Deliveries, Audi brand 981,681 707,225 Revenue, Audi Group in million EUR 29,212 20,476 Operating profit, Audi Group in million EUR 3,113 -750 Operating return on sales, Audi Group in percent 10.7 -3.7 Net cash flow, Audi Group in million EUR 5,512 1,953
Deliveries to customers, Audi brand
1st Half 2021 1st Half 2020 Change vs. 2020
World 981,681 707,225 +38.8% Europe 351,588 265,020 +32.7% - Germany 104,031 98,381 +5.7% - United Kingdom 67,866 40,399 +68.0% - France 27,961 18,539 +50.8% - Italy 35,279 21,541 +63.8% - Spain 20,285 16,726 +21.3% USA 121,835 76,210 +59.9% Mexico 5,699 3,703 +53.9% Brazil 2,961 2,585 +14.5% China incl. Hong Kong 418,749 302,512 +38.4%
1. Audi e-tron GT quattro: Combined electric power consumption in kWh/100 km: 19.6–18.8; combined CO2 emissions in g/km: 0
2. Audi RS e-tron GT: Combined electric power consumption in kWh/100 km: 20.2–19.3; combined CO2 emissions in g/km: 0
3. Audi Q4 Sportback 50 e-tron quattro: Combined electric power consumption in kWh/100 km (62.1 mi): 20.9 –17.6 (WLTP); 17.9 – 16.4 (NEDC); Combined CO2 emissions in g/km: 0
- Antje Maas, photos Porsche Permanent-URL: http://www.automobilsport.com/audi-success-first-half-year-record-deliveries-strong-profits---227074.html
30.07.2021 / MaP
More News
|
Mitsubishi Motors Announces Production, Sales and Export Figures for June 2021 and First Half of Calendar Year 2021
29.07.2021
|
June 2021 Fiscal Year 2020 (21/04-21/06) Calendar Year 2021 (21/01-21/06) Volume YoY(%) Volume YoY(%) Volume YoY(%)
Production more >> |
Volvo Cars reports record six-month performance in H1 2021
24.07.2021
|
Revenue of MSEK 141,131 (111,759), +26.3% Operating income increased to MSEK 13,238 (-989) EBIT margin of 9.4% (-0.9%) Basic earnings per share of SEK 163.63 (-35.99) Retail sales up 41.0%, resulting in approximately 775,000 cars sold for the p more >> |
Volvo Cars to take full ownership of its Chinese manufacturing and sales operations
22.07.2021
|
Volvo Cars has signed an agreement with its parent, Geely Holding, to acquire Geely Holding’s stake in the companies’ joint ventures in China, with the aim of taking full ownership of its car manufacturing plants and sales operations in the country. more >> |
BMW Group posts strong sales for first half-year
08.07.2021
|
On course for solid, profitable sales growth in 2021.BMW Group sales +39.1 percent higher year-on-year; 1,339,080 vehicles sold in first six months
- Sales up +7.1 percent from pre-crisis year 2019 - Sales more >> |
McLaren Automotive appoints George Biggs as Commercial Executive Director
01.07.2021
|
Luxury supercar maker McLaren Automotive today announces the appointment of George Biggs to the role of Commercial Executive Director, effective 1 July.George assumes responsibility for global sales more >> |
BMW i Ventures Announces New $300 Million Venture Capital Fund
01.07.2021
|
... to Further Invest in Sustainability, Transportation, Manufacturing and Supply ChainBMW i Ventures announced the creation of a new $300 million venture capital fund with a strong focus on sustainability. The new fund will invest in early to mid-stage start-ups ope more >> |
Mitsubishi Motors Announces Production, Sales and Export Figures for May 2021
29.06.2021
|
May 2021 Fiscal Year 2020 (21/04-21/05) Calendar Year 2021 (21/01-21/05) Volume(unit) YoY(%) Volume(unit) YoY(%) Volume(unit) YoY(%) more >> |
Volkswagen Group secures second highest monthly market share in Europe since 2001
29.06.2021
|
European new car registrations increased last month compared to May 2020, but still far from pre pandemic levels Volkswagen Group gained traction thanks to SUV and new EV offerings more >> |
Uber partnership to help Kia strengthen EV share in Europe, says GlobalData
18.06.2021
|
Following the news that South Korean automaker Kia has partnered with shared mobility giant Uber to supply electric vehicles (EVs) in Europe; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: more >> |
Volkswagen invests a further €500 million in sustainable battery activities with Northvolt AB
11.06.2021
|
Group participates in financing round with a total of US$2.75 billion and continues to hold about 20 percent of the shares in the Swedish cell producer Funds to be used for capacity expansion in production, recycling and research and development Arno Antlitz, Group Board Member for Finance a more >> |
Goodyear to present at Deutsche Bank Virtual Investor Conference
10.06.2021
|
The Goodyear Tire & Rubber Company today said it will webcast its presentation during the Deutsche Bank Global Auto Industry Conference on June 16, 2021.Darren R. Wells, executive vice president and chief financial officer, will provide a business overview. more >> |
EU budget 2022: Speeding up Europe's recovery and progressing towards a green, digital and resilient future
09.06.2021
|
The Commission has today proposed an annual EU budget of €167.8 billion for 2022, to be complemented by an estimated €143.5 billion in grants under NextGenerationEU. Their combined firepower will mobilise significant investments to boost the economic recovery more >> |
Draft annual EU budget 2022 - Questions and answers
09.06.2021
|
1. What are the priorities of the draft budget for 2022?The EU budget is the centrepiece of the Union's recovery efforts, aiming to get Europe back on track following the COVID-19 pandemic and its consequences. more >> |
FLA - Consumer car finance market boost in April as showrooms re-open
07.06.2021
|
New figures released today by the Finance & Leasing Association (FLA) show that the consumer car finance market reported growth in new business volumes of 1276% in April 2021 compared with the same month in 2020. In the first four months of 2021, new business volumes were 13% higher than in the same period in 2020. more >> |
American Honda Sets All-time Monthly Sales Record in May
03.06.2021
|
American Honda set an all-time sales record for any month on sales of 176,815 in May
Honda brand light trucks set new all-time monthly sales record, helping the brand to record May s more >> |
Kia announces May 2021 global sales
01.06.2021
|
May global sales at 245,994 units, up 49.2% y/y Sales in Korea at 47,901 units, down 6.4% y/y Sales outside of Korea jumped to 198,093 units, up 74.2% y/y Kia to create sales momentum through new models, including the Kia EV6 battery electric vehicle and all-new Sportag more >> |
Roland Villinger appointed new Head of Corporate and Product Strategy at SKODA AUTO
31.05.2021
|
- Roland Villinger will have responsibility for the newly created area of ‘Corporate and Product Strategy’ at ŠKODA AUTO as of 1 June 2021
- ‘Corporate Development and Digitalisation’ and &lsqu more >> |
Mitsubishi Motors Announces Production, Sales and Export Figures for April 2021
28.05.2021
|
April 2021 Fiscal Year 2020 (21/04-21/04) Calendar Year 2021 (21/01-21/04) Volume(unit) YoY(%) Volume(unit) YoY(%) Volume(unit) YoY(%) more >> |
Dometic acquires Front Runner Vehicle Outfitters
21.05.2021
|
On May 20, 2021, Dometic entered into an agreement to acquire Front Runner Vehicle Outfitters – a global provider of high-qualitive products for the outdoor market headquartered in South Africa.SUMMARY
• This more >> |
Hagerty compares the depreciation of modern supercars
21.05.2021
|
Hagerty studies the depreciation curve of modern supercars from Ferrari, Aston Martin, and Porsche Analysts found that high-profile launches, with cars selling for over list, may damage residual values in the short-term Italian supercars depreciate less than their British counterparts, with more >> |
BMW Ad-hoc announcement: Partial release of the provision with respect to EU antitrust proceedings
21.05.2021
|
Based on the progress of the proceedings, BMW AG expects, compared with the statement of objections of 5 April 2019, that the EU Commission will significantly reduce its allegations against BMW AG in terms of content and duration. The subject matt more >> |
UNCTAD - Global trade's recovery from Covid-19 crisis hits record high
19.05.2021
|
• Global trade’s recovery from the COVID-19 crisis hit a record high in the first quarter of 2021, increasing by 10% year-over-year and 4% quarter-over-quarter, according to UNCTAD’s Global Trade Update released on 19 May.FULL Trade update more >> |
Lexus achieves cumulative global sales of two million electrified vehicles
18.05.2021
|
19 million tons cumulative reduction in CO2 emissions since 2005 Lexus’ first plug-in hybrid model to be launched in 2021, followed by a completely new, dedicated all-electric model in 2022 More than 10 electrified models to be launched by 2025 Carbon neut more >> |
Mazda closes fiscal year with positive profit
15.05.2021
|
Strong recovery in the second half of the fiscal year brought in positive profit Positive outlook on sales and profits despite challenging market environmentThe Mazda Motor Corporation today announced more >> |
Mazda Motor Europe announces Martijn ten Brink as its new President & CEO
15.05.2021
|
Mazda Motor Europe (MME) has announced that effective 24th June 2021, Martijn ten Brink, currently Vice President of Sales & Customer Service at MME, will become President & CEO of MME succeeding Yasuhiro Aoyama who has led the European business since 2019. more >> |
Volta Trucks strengthens its Executive Management Team with strategic appointments
15.05.2021
|
John Burrows appointed as Chief Financial Officer. Casper Norden joins Volta Trucks as Chief Strategy Officer. Mornie Robertson hired as Chief Human Resources Officer.V more >> |
Goodyear announces pricing of $1.45 billion of senior notes in connection with planned Cooper Tire acquisition
14.05.2021
|
The Goodyear Tire & Rubber Company today announced that it has priced its private offering to eligible purchasers of $850 million aggregate principal amount of senior notes due 2029 (the “2029 notes”) and $600 million aggregate principal amount of senior notes due 2031 (the “2031 notes,” and together with the 2029 notes, the “notes”). The notes wi more >> |
Toyota Announces Global Annual Results and Reconfirms Commitment To Carbon Neutrality
13.05.2021
|
Global vehicle sales of 7.646m units, down by 1.309m units Global net revenue of 27,214.5 bn yen (219.5 bn EUR), down by 2,651.9 bn yen Global net income of 2,245.2 bn yen (18.1 bn EUR), up from 2,036.1 bn yen Toyota Motor Corporation reconfirms commitment more >> |
Nissan contributes - € 73 million for first quarter 2021 to Renault’s earnings
12.05.2021
|
Nissan released its results for the fourth quarter of fiscal year 2020/2021 (April 1st, 2020 to March 31st, 2021).Nissan’s results, published in Japanese accounting standards, for the fourth quarter of fiscal year 2020/2021 ( more >> |
Gordon Murray Group announces major expansion plans and investment for future growth
12.05.2021
|
Gordon Murray Group announces roadmap for future expansion through a £300M investment in Gordon Murray Design, Gordon Murray Automotive, R&D and talent
New division Gordon Murray Electronic more >> |
Turbulent first quarter for UK used car market as sales fall -8.9%
12.05.2021
|
SMMT USED CAR SALES (data for Q1 2021) UK used car transactions fall -8.9% in Q1 2021 with 1,687,755 transactions. Monthly performances impacted by lockdowns, but March up on particularly weak 2020. Market for used plug-in vehicles stays strong with a 37.9% rise in Q1 transactions. more >> |
Brembo financial results for the first quarter of 2021
11.05.2021
|
RECORD Q1 REVENUES, UP 17.2% TO €675.1 MILLION (+20.9% ON A LIKE-FOR-LIKE EXCHANGE RATE BASIS). EBITDA AT €135.6 MILLION (EBITDA MARGIN: 20.1%), NET PROFIT AT €61.4 MILLION Compared to Q1 2020: • Revenues at €675.1 million (+17.2% or +20.9% on a like-for-like exchange rate basis); +1.2% compared to Q1 2 more >> |
Audi’s momentum was strong in the first quarter of 2021
07.05.2021
|
Sales revenue €14.1 billion, operating profit €1.4 billion, operating return on sales 10.0 percent, profits before tax €1.7 billion Strong performance partly thanks to special items: net cash flow €3.1 billion First quarter of 2021 was characterized more >> |
BMW Group First quarter: Transformation accelerated, core business significantly strengthened
07.05.2021
|
Zipse: "BMW Group highly profitable and sustainable" - Deliveries of electrified vehicles more than doubled - Free cash flow of € 2.5 billion in first quarter - Sustainable mobility needs more than just an e-drive - Earnings booste more >> |
Successful start to the new fiscal year for Volkswagen
07.05.2021
|
Brand doubles its Q1 2021 operating profit year-on-year to EUR 900 million Positive outlook for full year 2021– margin target of 6 percent in 2023 confirmed Strong recovery in the Chinese market as well as North and South America Sales of all-electric vehicles almost doubled and those of plug-in hybrids more t more >> |
Volvo Cars’ global sales up by 97.5 per cent in April
05.05.2021
|
Volvo Cars achieved its 10th consecutive month of sales growth, as the company’s global sales increased by 97.5 per cent in April compared with the same month last year.I more >> |
The Porsche 911 GT3 RS MR laps the 20.832-kilometre-long Nürburgring Nordschleife in 6:54.340 minutes
04.05.2021
|
On Friday 23 April 2021, the 383 kW (520 hp) Porsche 911 GT3 RS MR from the 991.2 generation lapped the 20.832-kilometre-long Nordschleife in the presence of a notary in 6:54.340 minutes.
The measured time for the 20.6-kilometre-lon more >> |
Honda and Acura Light Trucks Drive Continued American Honda Sales Momentum Setting Multiple Records in April
04.05.2021
|
American Honda light trucks, and Honda brand light trucks, each set new all-time sales records Honda cars and trucks combine for best April sales in brand history HR-V more >> |
Goodyear reports first quarter 2021 results
01.05.2021
|
– First quarter Goodyear net income of $12 million; adjusted net income of $102 million– First quarter segment operating income of $226 million, strongest first quarter since 2018– Global consumer replacement volume significantly exceeded industry, driven by large-rim diameter segment- Record first quarter consumer more >> |
|