Audi Annual Press Conference: Following record deliveries in 2013 further growth for 2014
Audi Annual Press Conference: Following record deliveries in 2013 further growth for 2014 • Audi Group in 2013 at a glance: A total of approx. 1.575 million Audi brand cars delivered, € 49.9 billion revenue
•Audi Group in 2013 at a glance: A total of approx. 1.575 million Audi brand cars delivered, € 49.9 billion revenue, € 5.030 billion
•CEO Rupert Stadler: “2013 was an extraordinary year and we remain on course for success in 2014.”
•Axel Strotbek, Chief Financial Officer: “With 10.1 percent operating return on sales we exceeded our strategic corridor once more.”
•Ulrich Hackenberg, Member of the Board of Management for Technical Development:
•Audi plans to recruit more people this year: In Germany alone, the Company will take on 1,500 new employees and 750 apprentices.
Ingolstadt, March 13, 2014 – The Audi Group continues to pursue its strategic goals systematically. The Company delivered a strong set of figures for fiscal 2013: With around 1.575 million cars of the Audi brand delivered, the Ingolstadt carmaker achieved new record sales and reached the target that it had set itself for 2015 – more than 1.5 million deliveries – two years earlier than planned. Meanwhile the Audi Group increased its revenue to € 49.9 billion and again achieved an operating profit of more than € 5 billion. The operating return on sales for 2013 as a whole came to 10.1 percent, which is slightly above the strategic target corridor of eight to ten percent. The Company intends to maintain its growth in future, and between now and 2018 will be investing around € 22 billion in innovations and new technologies as well as in expanding its worldwide manufacturing structures. In Germany alone, this year the brand with the four rings will be taking on 1,500 new employees and offering apprenticeships to 750 young people.
Audi today presents all its key figures for the 2013 fiscal year at the Annual Press Conference, taking place at its headquarters in Ingolstadt. The Board of
Management of AUDI AG also gives its outlook for 2014. In front of more than 300 international journalists, Audi boss Rupert Stadler will declare: “2013 was an extraordinary year and we also remain on course for success in 2014. The past twelve months have seen us embark on a huge globalization drive in opening new plants in Hungary and China, as well as preparing for local production operations in Mexico and Brazil. The new A3 family* is proving very popular with our customers, as are our SUV models in the Q car line.” The Company successfully maintained its product initiative. Having launched 15 new models and derivative versions in 2013, the brand with the four rings will be launching 17 new cars in 2014 alone.
Last year, Audi achieved a strong set of figures despite the overall decline in car sales in Europe: For example, the Company delivered 1,575,480 (2012: 1,455,123) cars of the Audi brand to customers worldwide – a year-on-year increase of 8.3 percent. 2013 saw the Audi Group increase its revenue to € 49.880 (2012: 48.771) billion. This represented a further increase of 2.3 percent on the previous year’s high level, despite negative exchange effects.
In view of increasing research and development costs for new products and technologies, intensive advance payments for systematically expanding the international production network and also the challenging market environment, above all in Europe, the operating profit was below the previous year’s high level, at € 5.030 (2012: 5.365) billion. The operating return on sales of 10.1 (2012: 11.0) percent was just above the strategic target corridor of eight to ten percent.
Distribution costs for the Audi Group merely edged up to € 4.641 (2012: 4.594) billion in fiscal 2013. The financial result for the past fiscal year of € 293 (2012: 586) million was down on the previous year’s level. The Audi Group thus achieved a profit before tax of € 5.323 (2012: 5.951) billion for fiscal year 2013.
In his speech, Axel Strotbek, Member of the Board of Management for Finance and Organization at AUDI AG, spotlights the Company’s high profitability:
The past fiscal year saw the Company invest ten percent more than in the year