German automotive large Audi launched its first quarter 2025 outcomes on Monday, reporting income of €15.4 billion, which was a rise of 12.4% from the identical corresponding interval in 2024. This was primarily due to a greater combine, together with increased battery electrical car (BEV) gross sales.
This was regardless of hurdles corresponding to intensifying competitors, a weaker international financial outlook and geopolitical volatility.
Working revenue got here to €537 million for the primary quarter of the yr. Return on gross sales was 3.5%, primarily impacted by increased prices of products offered, provisions for the CO2 regulation and the next BEV share. Web money movement was -€61m.
Audi delivered 46,371 electrical automobiles globally within the first quarter of the yr, which was a surge of 30.1%. In France, these electrical autos skilled a 169% surge in demand, with demand leaping 120% in Switzerland as nicely.
EV gross sales soared 87% within the Netherlands too, whereas Norway recorded a rise of 64%. Equally, electrical automobiles skilled a rise of 59% in Audi’s home market Germany.
Whole Audi deliveries got here to 383,401 autos within the first quarter, which is a 3.4% fall in comparison with the identical quarter in 2024.
Gernot Döllner, Audi’s chief government officer (CEO), mentioned within the earnings press launch on Volkswagen Group’s web site: “The primary few months of 2025 noticed us take decisive steps in the direction of repositioning our firm. This contains the settlement for the long run concluded between firm administration and the works council in March, which goals to extend productiveness, pace and suppleness at our German websites.
“The yr will proceed to be very difficult as a result of international financial circumstances. However Audi has began to execute its technique and is delivering on it. Our mannequin initiative is now, step-by-step, coming onto the worldwide markets. We’re notably inspired by gross sales and order consumption for our new electrical fashions.”
Jürgen Rittersberger, Audi’s chief monetary officer (CFO), additionally mentioned: “Our key figures for the primary quarter clearly present that we should proceed to enhance our effectivity and competitiveness and are due to this fact pushing forward with the transformation of Audi with our full power.”
He added: “The settlement for the long run has set the correct course. Collectively, we are going to deal with the challenges and the mandatory modifications and produce Audi again to the forefront.”
Coming to the outlook for the entire yr, the Audi Group estimates that income will come to someplace between €67.5bn and €72.5bn, whereas the working margin is prone to be between 7% and 9%. Web money movement is predicted to be between €3bn and €4bn this yr.
The corporate mentioned within the Q1 2025 earnings press launch: “Towards the backdrop of the current excessive volatility, the monetary implications of import tariffs, notably in the USA, can’t be conclusively assessed.
“The monetary repercussions of the settlement for the long run are at the moment being evaluated, as sure elements of the settlement are nonetheless being labored out. Because of this, the forecast doesn’t but embrace these two elements.”
Audi experiences surge in totally electrical car demand
Audi’s deliveries of totally electrical fashions surged 50.4% within the first quarter of 2025, in comparison with the identical quarter final yr, at 25,129 models. In Germany, Audi delivered 8,640 models of totally electrical autos, which was a bounce of 59%.
General Audi model deliveries in Europe, excluding Germany, fell 3% to 112,707 models within the first quarter of the yr. In Germany, Audi deliveries rose 4.8% to 48,447 models within the first three months of the yr.
The corporate additionally skilled its greatest first quarter ever in Poland, Croatia and Austria when it comes to deliveries throughout all drive varieties.
North American deliveries (excluding Mexico) dropped 2.1% to 48,599 models, primarily due to a number of fashions going by way of a generational change for the time being.
In China, deliveries got here as much as 144,471 models within the first quarter of the yr, which was a drop of seven% in comparison with the identical quarter final yr. This was primarily due to increased competitors within the home Chinese language market.
As such, Audi is engaged on shortly rising its electrical autos portfolio and strengthening its Chinese language operations with fashions tailor-made to native shoppers, in addition to tie-ups with native companions.