Key financial figures

Here you can find the latest figures of the Audi Group.

Audi Group in fiscal year 2023

January until December 2023

Deliveries

1,918,912

cars

Brand Group Progressive

Operating profit

6.3

EUR billion

(Operating margin: 9.0 %)

Revenue

69.9

EUR billion

Net cash flow

4.7

EUR billion

R&D ratio

7.8 %

Capex ratio

4.7 %

Current downloads

Audi Report 2023

154 pages, EN

PDF

18.1 MB

Quarterly Update Q4 2023

31 pages, EN

PDF

4.5 MB

Fact Pack Q4 2023

XLSX

1.8 MB

03/20/2024 | FY 2023 Investor Relations Conference Call & Webcast | Presentation by Jürgen Rittersberger and Christian Bauer

29 pages, EN

PDF

10.3 MB

Further financial publications

Multi-year comparison

  2021 2022 2023
Deliveries to customers of the Brand Group Progressive [¹] (cars) 1,688,978 1,638,638 1,918,912
Revenue (EUR million)  53,068 61,753 69,865
Operating profit  (EUR million) 5,498  7,550  6,280
ROS 10.4  12.2 9.0
Return on investment (ROI) (percent) 16.7 22.2  17.7
Net cash flow (EUR million) 7,757 4,808 4,740
Research and development ratio  (percent) 7.4 7.3 7.8
Capex ratio [²] (percent) 3.8 4.2 4.7

[¹] including delivered vehicles built locally by associated Chinese companies
[²] Investments in property, plant and equipment, investment property and other intangible assets according to cash flow statement in relation to revenue

[¹] including delivered vehicles built locally by associated Chinese companies
[²] Investments in property, plant and equipment, investment property and other intangible assets according to cash flow statement in relation to revenue

Deliveries

The non-financial indicator of deliveries to customers reflects the number of new automotive vehicles of the Brand Group (Audi, Lamborghini & Bentley) handed over to customers.

  Deliveries of the Brand Group [¹] Compared with the prior-year level Deliveries of the Brand Group, accumulated YTD [¹] Accumulated compared with the prior-year level
January 2024 131,000 +12.7 %
February 2024 109,800 -13.6 % 240,800 -1.0 %
March 2024 161,200 -9.7 % 402,000 -4.7 %

2023

More details

2023

  Deliveries of the Brand Group [¹] Compared with the prior-year level Deliveries of the Brand Group, accumulated YTD [¹] Accumulated compared with the prior-year level
January 2023 116,200 -15.2 %
February 2023 127,100 +16.0 %  243,300 -1.4 %
March 2023 178,500
+23.9 %
421,800
+7.9 %
April 2023 149,600 +43.7 % 571,400 +15.5 %
May 2023 163,700 19.5 % 735,100 +16.3 %
June 2023 184,400 +11.3 % 919,500 +15.3 %
July 2023 158,000 +14.1 % 1,077,500 +15.1 %
August 2023 149,900 +13.2 % 1,227,500  +14.9 %
September 2023 177,400 +23.4 % 1,404,800 +15.9 %
October 2023 154,100 +15.4 % 1,559,000 +15.8 %
November 2023 171,700 +26.3 % 1,730,200  +16.8 %
December 2023 188,700 +20.3 % 1,918,900 +17.1 %

2022

More details

2022

  Deliveries of the Brand Group [¹] Compared with the prior-year level Deliveries of the Brand Group, accumulated YTD [¹] Accumulated compared with the prior-year level
January 2022 137,100 -12.4%
February 2022 109,500 -10.6% 246,700 -11.6%
March 2022 144,100 -22.6% 390,800 -16.0%
April 2022 104,100 -39.5% 495,000 -22.3%
May 2022 137,000 -20.4% 632,000 -21.9%
June 2022 165,600
-6.5%
797,600
-19.2%
July 2022 138,500
-6.1%
936,100
-17.5%
August 2022 132,400 +12.5% 1,068,500 -14.6%
September 2022 143,800 +39.9% 1,212,300 -10.5%
October 2022 133,600
+34.9%
1,345,900 -7.4%
November 2022 135,900 +24.3% 1,481,800 -5.2%
Dezember 2022 156,900 +24.5% 1,638,600 -3.0%

Anticipated development in the key performance indicators of the Brand Group 2024

Key performance indicators Forecast 2024
Deliveries of cars of the brand group to customers between 1.7 and 1.9 million vehicles
Revenue between EUR 63 and 68 billion
Operating return on sales between 8 and 10 percent
Net cash flow between EUR 2.5 and 3.5 billion
Investment ratio [¹]  between 11 and 13 percent

[¹] The investment ratio describes research and development activities and capex as a proportion of revenue.

[¹] The investment ratio describes research and development activities and capex as a proportion of revenue.

Explanation of the key performance indicators

The basis for the management of the Brand Group is a value-oriented corporate management approach in combination with the following key performance indicators, which are important drivers of our corporate development and support the goals of our strategy.

Deliveries to customers of the Brand Group Progressive
Auslieferungen an Kunden

The non-financial indicator of deliveries to customers reflects the number of new vehicles of the Brand Group Progressive handed over to customers. This performance indicator reflects demand from customers for our products and reveals our competitive and image position in the various markets worldwide. Strong demand for our products has a major impact on production, and consequently also on the capacity utilization of our sites and the deployment of our workforce. In addition, a continuing high level of vehicle deliveries reflects high customer satisfaction. 

Revenue
Umsatzerlöse

The financial key performance indicators include revenue of the Audi Group, which is a financial reflection of our market success. 

Operating profit / operating return on sales
Operative Umsatzrendite

Another key performance indicator is the operating profit of the Audi Group. This key figure represents the economic performance of our core business as well as the economic performance of our fundamental operational activity, and is defined as follows:

 

Revenue

– Cost of goods sold

– Distribution costs

– Administrative expenses

+ Other operating income

– Other operating expenses

= Operating profit

 

Our financial key performance indicators also include the operating return on sales of the Audi Group:

Operating return on sales = Operating profit / Revenue 

Return on investment (ROI)
Return on Investment

A further key performance indicator is return on investment (ROI). This reflects how effective our business activities are, by considering the return achieved on the capital employed over a given period. Return on investment already takes account of CO₂ compliance measures and can therefore also be understood as return on investment after CO₂.

Return on investment (ROI) = Operating profit after tax / Average invested assets 

Net cash flow
Netto-Cashflow

Net cash flow, which serves as a benchmark of the Audi Group’s level of self-financing, is calculated as follows:

 

Cash flow from operating activities

– Investing activities attributable to operating activities

= Net cash flow

Research and development ratio
Forschungs- und Entwicklungskostenquote

The research and development ratio expresses Audi’s innovative strength and also ensures that it maintains competitive cost structures.

 

Research and development ratio = Research and development activities / Revenue

Capex ratio
Sachinvestitionen

The capex ratio is another indicator of the Audi Group’s competitiveness.

 

Capex ratio = Capex according to the cash flow statement / Revenue

 

Capex includes investments in property, plant and equipment, investment property and other intangible assets according to the cash flow statement. Here, capital investment in essence comprises financial resources for modernizing and expanding our range of products and services, for optimizing our capacities and for improving the Audi Group’s production processes. Investment decisions are requested by the specialist areas, then scrutinized and prioritized by Investment Controlling and the “Investment Group” corporate committee. Major decisions affecting investment policy are also approved by the Company’s Supervisory Board. 

Audi Report 2023

Annual and sustainability report

Audi Report 2023

Welcome to the Audi Report 2023! The combined annual and sustainability report of Audi brings together the topics of strategy, finance as well as Environmental, Social and Governance (ESG).

Read more

Audi Q6 e-tron quattro: electric power consumption (combined): 19.6–17.0 kWh/100 km; CO₂ emissions (combined): 0 g/km; CO₂ class: A

Audi Q6 e-tron quattro: electric power consumption (combined): 19.6–17.0 kWh/100 km; CO₂ emissions (combined): 0 g/km; CO₂ class: A

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