Saturday, September 19, 2020

Audi Group going strong after first half of 2015

The Audi Group is continuing along its growth path, delivering more than 900,000 automobiles of the Audi brand to customers worldwide for the first time in a six-month period, from January to June. The Ingolstadt company has also increased its revenue to €30 billion and its operating profit to €2.9 billion, achieving an operating return on sales of 9.8 percent, once again at the upper end of its strategic target corridor of eight to ten percent.

At the presentation of the half-year interim report, Chairman of the Board of Management of AUDI AG Rupert Stadler stated, “The Audi Group demonstrated its strengths once again in the first six months of this year.” Despite high advance expenditure for new models, technologies and the expansion of the worldwide production network, Audi did not lose sight of its ambitious profitability targets.

The company was not left untouched by the heterogeneous development of world markets. Nonetheless, the new record number of cars delivered provides evidence of the strengths of the Audi brand and of the entire Audi Group. Strong demand continued for the company’s products although important models are about to be replaced by the next generation. Luca de Meo, Member of the Board of Management of AUDI AG for Sales and Marketing, said: “We intend to grow also in the full year and will continue to successfully master the many challenges facing us.” Due to the high volatility of markets and rising costs for the next stage of the model initiative, cautious business operations are of key importance.

Audi is on track to set a new record for full-year 2015, with an increase in unit sales of 3.8 percent in the first half of the year. The Ingolstadt-based automobile manufacturer already delivered 902,389 cars with the Four Rings in the first six months of this year. The A3 family and the SUV models Q3 and Q5 are particularly popular with customers worldwide.

Axel StrotbekAxel Strotbek, Member of the Board of Management of AUDI AG for Finance and Organization, stated: “We are deliberately making large investments in new models, technologies and production capacities, which  will pay off in the medium and  long term.” For this reason, Audi has started the biggest investment program in the company’s history. By 2019, a total of €24 billion is to flow into new models, technologies and the continuous growth of the worldwide production network.

This year, Audi has already taken more than 2,000 new employees on board; the company plans to recruit a total of approximately 4,000 people in Germany alone by the end of 2015. Worldwide, Audi intends to expand its workforce with approximately 6,000 new employees by the end of the year.

With the targeted volume growth, the revenue of the Audi Group will also rise, with the rate of growth depending on the general economic conditions. In addition, the company anticipates an operating return on sales within the strategic target corridor of eight to ten percent.

MOST READ

Artificial Intelligence Academy launched at Bahrain Polytechnic

The Artificial Intelligence (AI) Academy of the Bahrain Technical College (Bahrain Polytechnic) launched the first batch of 38 students. This came under the directives of...

Declaration Supporting Peace: A historic, brave step aimed to enhance regional security and stability

The declaration supporting peace signed by the Kingdom of Bahrain with the State of Israel is a historic move towards establishing peace in the...

iGA announces jump in usage of government app & eServices

Government digital transformation efforts are proceeding at breakneck speed, as reflected by the quarterly eServices statistics report, which recorded a 20 fold surge in...

Quick look at Nvidia’s new RTX 3080

Nvidia is promising big things with the GeForce RTX 3080 graphics card. “Twice the performance” of the RTX 2080 is perhaps the biggest claim...

HM King’s humanitarian initiatives lauded by Sudan’s foreign minister

Sudan’s Acting Foreign Minister Omar Qamar Al Din Ismail has praised the support of His Majesty the King to Sudan in various circumstances and...

Renault Bahrain Hosts Special Fleet Delivery Ceremony

Y.K. Almoayyed & Sons, the sole distributor of Renault vehicles in the Kingdom of Bahrain hosted a special delivery ceremony in Bahrain to hand...

Manage Your eVisa Requests Quickly and Easily on Bahrain.bh

Obtaining or renewing visas in the Kingdom of Bahrain is a relatively simple procedure. All you need to do is ensure that your documents...

stc Bahrain joins stc Group as the diamond sponsor of Virtual Capacity Middle East

stc Bahrain, a world-class digital enabler, joins stc group Kuwait and KSA as a Diamond sponsor of the virtual Capacity Middle East Conference 2020,...

AI Ethics by Dr. Jassim Haji

There global agreement among modern Artificial Intelligence professionals that Artificial Intelligence falls short of human capabilities in some critical sense, even though AI algorithms...

Kdan Mobile’s DottedSign Includes AATL Certificates to Ensure Users the Highest Level of Electronic Signature Process

Kdan Mobile Software Ltd., a global software as a service (SaaS) company, has announced that its e-signature service DottedSign now includes a digital identity...

Virtual meeting by Rotary Club of Salmaniya

The Rotary Club of Salmaniya held its regular virtual meeting on Wednesday 2nd September 2020. The club was privileged enough to have internationally renowned...

Ebrahim K. Kanoo Hosts First INJAZ Bahrain Virtual Job Shadow Event

The Ebrahim K. Kanoo company has hosted the first ever INJAZ Bahrain Virtual Job Shadow event in Bahrain showcasing the different aspects of the...

Carrefour Bahrain Introduces ‘Click and Collect’: The Latest Innovation for Faster and More Flexible Online Shopping

Carrefour, operated by Majid Al Futtaim in the Kingdom of Bahrain, is introducing Click and Collect, a new service that will give online shoppers...

Gulf Air resumes direct flights to India

Gulf Air, the national carrier of the Kingdom of Bahrain, announces that it will resume its direct flights to and from the Republic of...

Southern Governor holds virtual Majlis

Southern Governor His Highness Shaikh Khalifa bin Ali bin Khalifa Al Khalifa met  through his virtual Majlis with a number of citizens from the...