New models, clear plan: Audi Board of Management optimistic about the future after a challenging first quarter

An image of a dark gray Audi Q6 e-tron speeding on a curvy mountain road. The environment is green with trees and shrubs along the road.
  • CFO Jürgen Rittersberger: “2024 will be a year of transition for Audi. Among other things, the first quarter was characterized by an ongoing strained supply situation. At the same time, we’ve initiated the right measures to achieve our financial goals.”
  • CEO Gernot Döllner: “With our strong team, highly attractive new models and a clear agenda, we’re positioning ourselves for the future.”
  • Revenue reached €13.7 billion in the first quarter of 2024, operating profit was €466 million and net cash flow was €-768 million

Ingolstadt/Neckarsulm. 2024 will be a demanding year for the Audi Group. The challenging market environment and supply bottlenecks, especially for V6 and V8 engines, had a particularly negative impact on operating profit in the first quarter of the year. The company also has to manage numerous product ramp-ups. Revenue reached €13.7 billion in the first quarter of the year, while operating profit amounted to €466 million. The operating margin was 3.4 percent. In the first three months of the year, the Brand Group Progressive delivered 402,048 automobiles to customers – a decline of 4.7 percent. The demand for fully electric models, however, increased by 3 percent. Audi registered a significant increase of 13.7 percent in China, with 156,082 models delivered.

The specified fuel consumption and emission data does not refer to a single vehicle and is not part of the offer but is only intended for comparison between different types of vehicles. Additional equipment and accessories (additional components, tyre formats, etc.) can alter relevant vehicle parameters such as weight, rolling resistance and aerodynamics, affecting the vehicle's fuel consumption, power consumption, CO2 emissions and driving performance values in addition to weather and traffic conditions and individual driving behavior. Further information on official fuel consumption data and official specific CO2 emissions for new passenger cars can be found in the "Guide to fuel economy, CO2 emissions and power consumption for new passenger car models", which is available free of charge from all sales dealerships and from DAT Deutsche Automobil Treuhand GmbH, Hellmuth-Hirth-Str. 1, D-73760 Ostfildern, Germany and at www.dat.de/co2.