Key financial figures
Audi Group in fiscal year 2023
January until September 2023
Deliveries
1,404,833
cars
Brand Group
Operating profit
4.6
EUR billion
(Operating margin: 9.1 %)
Revenue
50.4
EUR billion
Net cash flow
3.5
EUR billion
R&D ratio
7.3 %
Capex ratio
3.8 %
Current downloads
Audi Report 2022
139 pages
23.6 MB
Quarterly Update Q3 2023
30 pages, EN
3.4 MB
Audi Fact Pack Q3 2023
XLSX
4.3 MB
10/27/2023 | Q3 2023 Investor Relations Conference Call & Webcast | Presentation by Jürgen Rittersberger and Christian Bauer
23 pages, EN
6.0 MB
Further financial publications
Multi-year comparison
| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Deliveries to customers of the Brand Group [¹] (cars) | 1,700,258 | 1,688,978 | 1,638,638 |
| Revenue (EUR million) | 49,973 | 53,068 | 61,753 |
| Operating profit (EUR million) |
2,569 [²] |
5,498 [²] |
7,550 [²] |
| ROS |
5.5 [²] |
10.4 [²] |
12.2 [²] |
| Return on investment (ROI) (percent) |
7.4 [²] |
16.7 [²] |
22.2 [²] |
| Net cash flow (EUR million) | 4,589 | 7,757 | 4,808 |
| Research and development ratio (percent) | 7.3 | 7.4 | 7.3 |
| Capex ratio [³] (percent) | 3.8 | 3.8 | 4.2 |
[¹] including delivered vehicles built locally by associated Chinese companies
[²] Taking into account special items, in particular in connection with the diesel issue
[³] 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] Taking into account special items, in particular in connection with the diesel issue
[³] 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 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% |
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% |
2021
| Deliveries of the Audi brand [¹] | Compared with the prior-year level | Deliveries of the Audi brand, accumulated YTD [¹] | Accumulated compared with the prior-year level | |
|---|---|---|---|---|
| January 2021 | 155,700 | +0.1% | – | – |
| February 2021 | 121,800 | +31.1% | 277,600 | +15.5% |
| March 2021 | 185,300 | +64.3% | 462,800 | +31.1% |
| April 2021 | 171,200 | +107.9% | 634,000 | +45.6% |
| May 2021 | 171,400 | +44.5% | 805,400 | +45.4% |
| June 2021 | 176,300 | +15.0% | 981,700 | +38.8% |
| July 2021 | 146,800 | -8.9% | 1,128,500 | +29.9% |
| August 2021 | 117,200 | -20.0% | 1,245,700 | +22.7% |
| September 2021 | 102,000 | -40.8% | 1,347,600 | +13.5% |
| October 2021 | 98,400 | -39.9% | 1,446,100 | +7.0% |
| November 2021 | 108,800 | -34.6% | 1,554,900 | +2.5% |
| December 2021 | 125,600 | -28.4% | 1,680,500 | -0.7% |
Anticipated development in the key performance indicators of the Brand Group 2023
| Key performance indicators | Forecast 2023 |
|---|---|
| Deliveries of cars of the brand group to customers |
between 1.8 and 1.9 million vehicles |
| Revenue | between EUR 69 and 72 billion |
| Operating return on sales | between 9 and 11 percent |
| Return on investment (ROI) | Update: between 17 and 20 percent |
| Net cash flow | between EUR 4.5 and 5.5 billion |
| Research and development ratio | Update: moderately above the strategic target corridor of 6 to 7 percent |
| Capex Ratio | within the strategic target corridor of 4 to 5 percent |
Key performance indicators of the Brand Group in a nutshell
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.
The non-financial indicator of deliveries to customers reflects the number of new vehicles of the Audi. Bentley and Lamborghini 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.
The financial key performance indicators include Brand Group revenue, which is a financial reflection of our market success.
Another key performance indicator is the operating profit of the Brand 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 Brand Group:
Operating return on sales = Operating profit / Revenue
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, which serves as a benchmark of the Brand Group’s level of self-financing, is calculated as follows:
Cash flow from operating activities
– Investing activities attributable to operating activities
= Net cash flow
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
The ratio of capex is another indicator of the Brand 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 Brand 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.
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