Best first quarter for the Audi Group: Record deliveries and earnings

Ingolstadt (ots) -

- Most successful first quarter ever: EUR 1,115 million in operating
profit and 10.6 percent operating return on sales
- CFO Axel Strotbek: "The 10.6 percent operating return on sales
continues the good results from the third and fourth quarters of
2010."
- The new Audi A6 and Audi Q3 will further boost demand

The Audi Group has proven its competitiveness with the best first
quarter in company history. With 312,600 vehicles delivered in the
first three months (2010: 264,017), Audi sold 18.4 percent more units
worldwide than in the same period last year. The Company's growth
rates in all regions were in a clear double-digit range.

In the first quarter of 2011, the Audi Group increased revenue by
27.3 percent in comparison with the same period last year to EUR
10,514 million (2010: EUR 8,260 million).

Thanks to an improved model mix and continuous optimization of
processes and costs, the Company also more than doubled its operating
profit to EUR 1,115 million (2010: EUR 478 million).

"These earnings show that our qualitative growth strategy is
working," said Axel Strotbek, Member of the Board of Management for
Finance and Organization at AUDI AG. Thanks to the strong earnings
performance, the 10.6 percent operating return on sales (2010: 5.8
percent) follows on from the good results in the third and fourth
quarters of 2010. This strong growth underscores the high
profitability of the Audi Group.

Strotbek took this opportunity to restate the annual targets: "We
want to sell more than 1.2 million Audi brand cars in 2011 and also
increase revenue and operating profit compared with last year.
However, the high volatility of the relevant exchange rates and the
rise in prices for important raw materials continue to represent
risks for us." He stated that the Audi Group has safeguarded itself
well in order to continue the success of 2010 in terms of the key
financial indicators, too.

The strong performance of the brand can be attributed, among other
things, to the previous year's model initiative. The A8 flagship, the
A7 Sportback and the Audi A1 contributed greatly to making 2010 the
strongest year in terms of sales in the Company's history. Demand for
these models remained high in the first quarter of 2011.

Audi further enhanced the attractiveness of its product range this
year. The new A6 arrived at dealerships on April 1. The A6 Avant will
become available during the second half of this year, helping the
Company to achieve its targeted delivery record. The Company is also
opening up a new market segment with the Audi Q3, which was presented
in late April in Shanghai. This premium compact SUV is the new member
of the successful Q family. Advance sales will begin in June.

The Audi Group plans to invest more than E11 billion by 2015. Over
E9.5 billion is being invested in the development of new products and
future technologies such as hybrid and electric drive systems. With
the Audi Q5 hybrid quattro, the brand is making it possible to
experience the technological lead embodied in its "Vorsprung durch
Technik" slogan in the form of a sporty SUV. The first high-volume
hybrid model to bear the four-ring logo will roll into dealerships by
the end of the year.

Link: www.audi.com/quarterly-report2011_q1 (available from 10:00
CET)

The Audi Group delivered around 1,092,400 cars of the Audi brand
to customers in 2010. The Company posted revenue of EUR 35.4 billion
and an operating profit of EUR 3.3 billion in 2010. Audi produces
vehicles in Ingolstadt and Neckarsulm (Germany), Gyor (Hungary),
Changchun (China) and Brussels (Belgium). Aurangabad in India saw the
start of CKD production of the Audi A6 at the end of 2007, of the
Audi A4 in early October 2008 and of the Audi Q5 in July 2010.
Production of the new Audi A1 has been running at the Brussels plant
since May 2010. The Company is active in more than 100 markets
worldwide. AUDI AG's wholly owned subsidiaries include AUDI HUNGARIA
MOTOR Kft., Automobili Lamborghini Holding S.p.A. in Sant'Agata
Bolognese (Italy) and quattro GmbH in Neckarsulm. Audi currently
employs around 60,000 people worldwide, including around 46,600 in
Germany. Between 2011 and 2015 the brand with the four rings is
planning to invest more than E11 billion, mainly in new products, in
order to sustain the Company's technological lead embodied in its
"Vorsprung durch Technik" slogan. By 2015, Audi plans to increase the
number of models in its portfolio to 42.

Audi has long been fulfilling its social responsibility on many
levels - with the aim of making the future worth living for
generations to come. The basis for Audi's lasting success is
therefore formed by environmental protection, the conservation of
resources, international competitiveness and a forward-looking human
resources policy. One example of AUDI AG's commitment to
environmental issues is the established Audi Environmental
Foundation.

Contact:
Corporate Communications
Julio Schuback
Press Spokesman for Finance and Organization
Tel: +49 841 89-38455
e-mail: julio.schuback@audi.de
www.audi-mediaservices.com/reports