TU-TESL

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Although the luxury car segment continues to grow during the retrograde period of the car market, there is still a lot of pressure in the luxury camp. On November 1, Audi released its third quarter financial report. According to the data, Audi's revenue in the first three quarters was 41.3 billion euros (325.01 billion yuan), down 6.8% from 44.3 billion euros in the same period last year; its operating profit was 3239 million euros (25.45 billion yuan), up 12.8% from 2871 million euros in the same period last year. On the one hand, the second Procuratorate in Munich imposed a fine of 800 million euros on Audi, which had a great impact on its operating profit in the same period of 2018; on the other hand, it had a lot to do with the improvement of its profit margin. According to the financial report, Audi's operating profit in the first three quarters was 7.8%, higher than 6.5% in the same period last year; its profit before tax increased to 36.68 million euros, with a net cash flow of 3271 million euros. "Audi A4" in terms of the third quarter, Audi's operating revenue in the third quarter was 12.571 billion euros, down from 13.074 billion euros in the same period of last year; its operating profit was 938 million euros, with an operating profit margin of 7.5%, which was significantly higher than the operating profit of 110 million euros and 0.8% in the same period of 2018. In terms of sales volume, Audi delivered 451000 vehicles globally in the third quarter, down 3.6% year on year. Audi e-tron confirmed the key indicators of the whole year in its third quarter financial report. It is estimated that the operating profit in 2019 will be 7% to 8.5%, and the net cash flow is expected to be 2.5 billion to 3 billion euros. "2019 will not be a record year, but Audi group is in a solid position." Said Alexander Seitz. Against the backdrop of weak sales growth in the first half of the year, Audi expects a slight increase in deliveries throughout 2019. According to the data, Audi delivered 1.357 million vehicles globally in the first nine months, down 50000 vehicles from 1.408 million in the same period last year.