{"id":1077549,"date":"2022-05-05T18:25:40","date_gmt":"2022-05-05T18:25:40","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/05\/05\/audi-achieves-record-q1-profit-despite-fall-in-deliveries\/"},"modified":"2022-05-05T18:25:40","modified_gmt":"2022-05-05T18:25:40","slug":"audi-achieves-record-q1-profit-despite-fall-in-deliveries","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/05\/05\/audi-achieves-record-q1-profit-despite-fall-in-deliveries\/","title":{"rendered":"Audi achieves record Q1 profit despite fall in deliveries"},"content":{"rendered":"<p><\/p>\n<div style=\"font-size: 17px;\">\n                                                   Munich, May 5,\u202f(dpa\/GNA)\u202f-\u202fAudi suffered a sharp drop in sales in the first quarter but the German carmaker still posted a record result for the first three months of the year.<\/p>\n<div class=\"kMultiLine\"><img decoding=\"async\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/05\/1.21469725.jpg\" width=\"100%\" height=\"\" alt=\"\" title=\"\" class=\"kMediaObject\"\/><\/div>\n<div class=\"kMultiLine\">Several special effects items contributed to after-tax profit doubling to \u20ac2.9 billion ($3.07 billion), the group reported on Thursday, the highest figure it has ever reported in the first quarter.<\/div>\n<div class=\"kMultiLine\">Ingolstadt-based Audi also benefited from valuation effects on commodity hedging transactions, which brought in \u20ac1.2 billion.<\/div>\n<div class=\"kMultiLine\">In addition, the Bentley brand was consolidated under the Audi Group umbrella for the first time. It is the fourth brand alongside Audi, Lamborghini and Ducati.<\/div>\n<div class=\"kMultiLine\">The carmaker described its overall situation as positive, despite ongoing bottlenecks in semiconductor supplies, the war in Ukraine, and renewed coronavirus lockdowns in China.<\/div>\n<div class=\"kMultiLine\">For example, the worldwide shortage of new vehicles means that Audi has to discount its cars &#8220;significantly&#8221; less than would be otherwise, Chief Financial Officer J\u00fcrgen Rittersberger said.<\/div>\n<div class=\"kMultiLine\">The market environment is &#8220;excellent,&#8221; he said.<\/div>\n<div class=\"kMultiLine\">In addition, Audi is increasingly building higher-value and more profitable cars. That also explains &#8211; along with the first-time consolidation of Bentley &#8211; why revenue rose 2% to \u20ac14.3 billion, even though deliveries at the group level fell 16% compared with the same quarter last year.<\/div>\n<div class=\"kMultiLine\">For the full year, Audi aims to deliver 1.8 billion to 1.9 million cars at the group level and generate between \u20ac62 billion and \u20ac65 billion in sales.<\/div>\n<div class=\"kMultiLine\">The company, which is part of the larger Volkswagen Group, confirmed its forecast &#8220;despite geopolitical uncertainties from the ongoing Ukraine war and the tense supply situation.&#8221;<\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Munich, May 5,\u202f(dpa\/GNA)\u202f-\u202fAudi suffered a sharp drop in sales in the first quarter but the German carmaker still posted a record result for the first three months of the year. Several special effects items contributed to after-tax profit doubling to \u20ac2.9 billion ($3.07 billion), the group reported on Thursday, the highest figure it has ever [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1077551,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[12021,12022,12023,6761,3538,998],"class_list":["post-1077549","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-achieves","tag-audi","tag-deliveries","tag-fall","tag-profit","tag-record"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1077549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1077549"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1077549\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1077549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1077549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1077549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}