2022 ended with a record financial result for the Audi Group. Revenue rose 16.4% to a record €61.8bn, while operating profit rose almost 40% to a record €7.6bn.
As the Audi Group boasts, operating margin increased from last year’s 10.4% to 12.2%, and net cash flow reached 4.8 billion euros, which is the second largest result in the history of the company.
Key factors contributing to strong financial performance this year include consistent crisis management in a year marked by overlapping global challenges, good price positioning and strong performance for Bentley, Lamborghini and Ducati (part of the Audi Group, which is part of Volkswagen).
As we read, 2022 is also a year of dynamic growth in the number of all-electric models delivered. In 2023, Audi will launch the biggest product campaign in the company’s history with the Q6 e-tron model range. Q6 e-tron is the first electric model based on Premium Platform Electric (PPE).
Deliveries are almost the same as last year
The Audi Group, which brings together the brands Audi, Bentley, Lamborghini and Ducati, delivered a total of 1,638,638 (2021: 1,688,978) cars and 61,562 (2021: 59,447) motorcycles to customers. Despite disruptions in logistics and supply chains, especially in the first half of the year, shipments this year, thanks to strong results in the second half of the year, remained almost at the same level as last year. In 2022, the Audi brand delivered 1,614,231 (2021: 1,680,512) vehicles to customers.
Steady growth in EV sales
In 2022, the Audi Group again recorded a significant increase – by about 44 percent to 118,196 vehicles – in deliveries of all-electric models. A group of premium brands is pursuing an electrification strategy. Continued strong demand for electric vehicles means that their portfolio share has increased from 4.8% in 2021 to 7.2% in 2022.
Income at a record level
Audi Group revenue increased to 61,753 million euros (2021: 53,068 million euros). The 16.4 percent jump was driven, in part, by a strong pricing position and a one-time Bentley brand consolidation that took place on January 1, 2022. The all-electric models of the Audi Q4 e-tron, Audi e-tron GT quattro and Audi e-tron, as well as revenues from the Audi A3 and Audi Q5 range, have contributed significantly to growth.
The operating profit of the Audi Group in fiscal year 2022 was 7,550 million euros (2021: 5,498 million euros), an increase of 37.3 percent. The operating margin also increased significantly to 12.2 percent (2021: 10.4 percent). In addition to the strong market results, these record results contributed significantly to the positive effect of the supply of raw materials.
Bentley, Lamborghini and Ducati with record results
The results of the Audi Group are driven, in part, by the results of Bentley, Lamborghini and Ducati, which broke all records in fiscal 2022. Bentley, for example, set a new delivery record for the third time in a row. With 15,174 vehicles delivered to the market (2021: 14,659), the British brand beat its previous record by 3.5 per cent and also boosted revenue significantly to €3,384 million (2021: €2,845 million). Operating margin increased to a record high of 20.9% (2021: 13.7%) and operating profit of €708m (2021: €389m), also well above the previous year’s result.
In the last financial year, Lamborghini delivered 9,233 vehicles to customers (2021: 8,405 units) and sales increased by 21.9% to €2,375 million (2021: €1,948 million). Lamborghini posted an operating profit of €614 million (2021: €393 million) with an operating margin of 25.9 percent (2021: 20.2 percent).
Despite a very difficult supply situation, Ducati delivered 61,562 motorcycles (2021: 59,447) to customers, the highest annual figure in the brand’s history. Sales increased by 24.0% to €1,089 million (2021: €878 million). Operating profit increased to 109 million euros (2021: 61 million) and the operating margin was 10.0 percent (2021: 7.0 percent).
I am Jason Root. I work in the news website industry and mostly cover the automobile industry. I have also written for Daily News Hack. My work revolves around new car models, prices, and features. In addition, I often write about used cars and tips for buying them. My articles are meant to be helpful for those who are in the market for a new or used car.