Audi Q1 2025 earnings: profit falls for fourth straight year

For the 4th twelvemonth running, Audi opened the calendar twelvemonth with shrinking earnings, arsenic first-quarter nett net slipped conscionable implicit 11% to €559 cardinal ($653 million), Yahoo Finance reported. The Volkswagen Group subsidiary posted nett net of €2.9 cardinal successful the aforesaid play successful 2022.

Operating nett for the 4th came successful astatine €537 million, up from €466 cardinal successful the archetypal 4th of 2024, connected gross of €15.4 cardinal — a 12.4% summation from the anterior twelvemonth period, the institution said. The operating borderline was 3.5%, compared with 3.4% a twelvemonth earlier.

The tariff load from the U.S. amounted to a debased triple-digit million-euro hit, CFO Jürgen Rittersberger told investors, according to Yahoo Finance. Without that impact, Audi would person recorded maturation successful pre-tax profit. Rittersberger said the institution cannot yet measure the effect of President Donald Trump's threatened summation successful tariffs connected E.U.-made cars to 25%.

Audi marque deliveries fell astir 3.4% to 383,401 vehicles successful the quarter, the institution said. China remained a drag, with deliveries successful that marketplace declining 7% to 144,471 vehicles amid aggravated section competition. China continued to beryllium a important value connected the company's earnings, with income from that marketplace collapsing to €28 cardinal — down from €170 cardinal successful the aforesaid 4th the anterior year, according to Yahoo Finance.

Net currency travel was -€61 million, a important betterment from -€768 cardinal successful the archetypal 4th of 2024. The institution attributed the antagonistic fig to investments successful products and platforms, the acquisition of remaining shares successful Sauber Holding AG, and changes successful moving capital.

One agleam spot was electrical conveyance sales. Audi delivered 46,371 afloat electrical cars successful the quarter, a 30.1% summation from the aforesaid play past year. Orders for afloat electrical models successful occidental Europe roseate 86% twelvemonth implicit year.

Profit aft taxation totaled €630 million, down from €736 cardinal successful the archetypal 4th of 2024. The fiscal effect — which includes income from China associated ventures — fell to €265 cardinal from €515 cardinal a twelvemonth earlier.

Audi maintained its full-year guidance, projecting gross of betwixt €67.5 cardinal and €72.5 billion, an operating borderline of 7% to 9%, and nett currency travel of €3 cardinal to €4 billion. The institution said it cannot yet measure the fiscal implications of U.S. import tariffs oregon the afloat outgo of a labour statement reached with its works assembly successful March, and those factors are not reflected successful the forecast.

Rittersberger delivered a pointed informing successful a connection accompanying the results. "Certainties of the past — specified arsenic unchangeable income markets and predictable conditions — nary longer apply," helium said. "We request to enactment urgently. We are truthful moving connected our outgo structures and pressing up with ratio measures."