The Audi Group has delivered a solid performance in the 2023 fiscal year despite challenging economic conditions, showcasing notable growth in revenue, deliveries, and electric vehicle sales.
Financial Performance Highlights:
- Revenue increased by 13.1 percent to €69.9 billion, reflecting solid sales performance and high demand.
- Operating profit stood at €6.3 billion, with an operating margin of 9.0 percent, demonstrating financial stability.
- Net cash flow remained strong at €4.7 billion, nearly matching the previous year's level.
Product Portfolio Expansion:
- Audi plans to launch more than 20 new models in 2024 and 2025, with a focus on electric vehicles.
- The world premiere of the fully electric Audi Q6 e-tron, based on the new Premium Platform Electric (PPE), marks a significant milestone.
- The company aims to strengthen its position in electric mobility and enhance its product portfolio.
Deliveries and Growth:
- The Audi Group, including Audi, Bentley, Lamborghini, and Ducati, delivered over 1.9 million cars and 58,000 motorbikes in 2023.
- Audi brand achieved a 17.4 percent increase in deliveries, driven by high demand and improved supply.
Electric Vehicle Transformation:
- Deliveries of fully electric vehicles saw strong growth, with a 51 percent increase in 2023.
- The Audi Q6 e-tron, based on the new PPE, represents a leap forward in efficiency, range, and design, showcasing the company's commitment to electric mobility.
Financial Outlook for 2024:
- Despite ongoing economic challenges, Audi expects revenue between €63 billion and €68 billion for 2024.
- The operating margin is projected to be between 8 and 10 percent, with net cash flow expected between €2.5 billion and €3.5 billion.
- The company aims to maintain profitability and flexibility amid market uncertainties while advancing its transformation toward electric mobility and innovation.
Selected Audi Group key figures at a glance
Audi Group projections for 2024
