Audi AG

Group Interim Report of AUDI AG

Group Interim Report of AUDI AG
Audi has recorded the best first-half result in company history and defied the general downward trend in major markets. Earnings before taxes in the first six months totalled EUR 463 million, an increase of 19.3 percent compared with the same period last year. (Audi photo: Audi production)

    Ingolstadt (ots) -

    - Cross-reference: photo was sent via satellite and is available  

    Rise in vehicle sales

    Audi is defying the trend. Despite the general shrinking of the car market in Europe and the USA, the markets on which Audi substantially depends, in the first half of 2001 the group was once again able to increase its vehicle sales worldwide by 7.0 percent on the corresponding prior-year period, to 523,261 vehicles. This figure includes 368,838 (345,071) Audi cars, 162 (137) Lamborghini sports cars and 154,261 (143,954) vehicles of the Seat, Skoda, Volkswagen Commercial Vehicle and Volkswagen Passenger Car brands that were distributed via the Italian importer AUTOGERMA S.p.A.

    In Europe excluding Germany, a growth rate of 5.9 percent was achieved, taking the total to 156,999 Audi cars. In Germany, 129,660 customers took receipt of their new Audi; this re-presents an increase of 3.6 percent. The largest European export market was Great Britain, followed by Italy, Spain and France.

    Audi was able to build on the previous year's record total in the USA in the period under review: in selling 43,300 cars sporting the four-ring emblem, it improved on the prior-year figure by a considerable margin.

    Japan suffered from persisting economic weakness which likewise affected the car sector. Audi achieved unit sales of 3,196 cars, as against 3,576 vehicles in the corresponding period of 2000.

    Audi has consolidated its position as market leader in the premium class in China. The Changchun-built Audi A6, which was specially modified for the requirements of the Chinese market, has increased vehicle sales by almost 80 percent.

        Major markets        Unit sales        % change on
                                        1-6/2001            1-6/2000
    Audi cars        
    worldwide                      368,838                6.9
    Germany                         129,660                3.6
    USA                                 43,300                7.3
    Great Britain                 27,971              20.5
    Italy                              23,780                7.6
    Spain                              22,514                0.2
    France                            20,817                8.7
    China                              14,982              79.0
    Belgium                          10,802              -1.2
    Switzerland                      9,770                4.3
    Austria                            8,928                5.3
    Brazil                              6,060              42.9
    Netherlands                      5,968            -15.9
    Sweden                              5,446            -20.0
    Portugal                          3,757              13.6
    South Africa                    3,224              -3.7
    Japan                                3,196            -10.6
    worldwide                            162              18.2

    Vehicle production up

    Thanks to high demand, Audi was also able to step up production by 13.5 percent in the first six months of the year, to 371,572 cars. This total was made up of 371,408 (327,167) bearing the Audi badge and 164 (134) sporting the Lamborghini bull emblem.

    In Ingolstadt, Audi built 213,380 A3 and A4 models. 132,884 cars left the assembly lines in Neckarsulm, where the Audi A8, Audi A6, Audi allroad quattro and Audi A2 are - and the RS 4 until July 2001 was - built. The Györ plant in Hungary built 21,658 of the Audi TT Coupé and Audi TT Roadster jointly with the Ingolstadt plant. It in addition produced 3,423 of the Audi A3 on behalf of AUDI AG. The sports car specialists in Sant'Agata Bolognese (Italy) built 164 of the Lamborghini Diablo.

    Models with permanent four-wheel drive continue to be much in demand: 29.0 percent of all Audi vehicles built in the first half of 2001 were equipped with four-wheel drive. The proportion of TDI engine versions continued to rise, reaching 43.4 percent.

    Production output of engines fell slightly by 2.4 percent to 616,336 units as a result of reorganisation within the Volkswagen Group. The complete transfer of all engine production activities from Ingolstadt to Györ boosted the production figures at AUDI HUNGARIA MOTOR Kft. by 12.7 percent, to 611,850 units. Engine production at COSWORTH TECHNOLOGY LIMITED more than doubled in the first half of the year, to 4,322 engines. Automobili Lamborghini S.p.A. manufactured 164 (134) engines for sports cars.

    Higher sales and earnings

    The Audi Group recorded sales of EUR 11,427 million in the first half of the year. This represents a 14.5 percent increase on the prior-year figure of EUR 9,979 million.

    Earnings before taxes improved yet again; compared with the figure of EUR 388 at the end of June 2000, the total of EUR 463 million on June 30, 2001 represented a rise of 19.3 percent.

    Total capital investments of EUR 605 million in the first half of the year were slightly down on the high figure for the corresponding period of 2000.

    Growing group workforce

    As a result of extended business operations and the launching of new products, the total number of employees within the Audi Group was up 4.3 percent on the figure for June 30, 2000, to 51,130 employees. Of this total, 44,415 were employed by AUDI AG, 4,809 by AUDI HUNGARIA MOTOR Kft. and 748 by COSWORTH TECHNOLOGY LIMITED. The Lamborghini Group had 477, and AUTOGERMA S.p.A. 665 employees.

    Key Figures
    Audi Group                  
                          1-6/2001    1-6/2000 1)    Change in %
                Cars      371,572         327,301          13.5
                Engines 616,336         631,197          -2.4
    Vehicle sales
    Cars                 523,261         489,162            7.0
         Audi            368,838         345,071            6.9
              Europe    286,659         273,436            4.8
                 of which Germany
                            129,660         125,122            3.6
    Rest of world    82,179          71,635          14.7
    Lamborghini            162                137          18.2
    Other Volkswagen
    Group brands    154,261         143,954            7.2
    Sales revenues
         EUR million  11,427            9,979          14.5
    Earnings before taxes  
         EUR million        463                388          19.3
    Sales return before taxes
         %                        4.1                3.9                -
    Capital investments    
         EUR million        605                699         -13.4
         EUR million        639                637            0.3
    Cash flow  
         EUR million      1,021              803          27.1
         Average          51,170         48,517            5.5
    1) Figures for the first half of 2000 have been adjusted to
reflect the current reporting entity.

    Note to editorial staff:     * The complete Interim Report can be requested by phoning ++49 (0) 841/89-36189.

    The Interim Report can also be found on the Internet at, sub-menu "facts".

ots Originaltext: Audi AG

Communication: Corporate and Finance
Joachim Cordshagen, Tel: ++49 (0) 841 89 36340, Fax: ++49 841 89
Jürgen De Graeve, Tel: ++49 (0) 841 89 34084

Original-Content von: Audi AG, übermittelt durch news aktuell

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