Audi cautious but strong Q1 for Lamborghini
Carmaker Audi reported a 12% revenue increase in the first three months of 2025 to €15.4 billion.
Operating profit totalled €537 million. Net cash flow amounted to € -61 million.
CEO Gernot Döllner said: “The first few months of 2025 saw us take decisive steps towards repositioning our company. This includes the agreement for the future concluded between company management and the works council in March, which aims to increase productivity, speed and flexibility at our German sites.
"The year will continue to be very challenging due to the global economic conditions. But Audi has started to execute its strategy and is delivering on it. We are particularly encouraged by sales and order intake for our new electric models.”
The brand will also be launching 10 plug-in hybrid models by the end of this year.
Automobili Lamborghini, also owned by Volkswagen, bucked the trend with strong results for the quarter: 2,967 cars delivered with a revenue of €895.2 million, up 30% on the same period last year.
However, with the US as the company’s largest market (933 units delivered), the impact of tariffs is expected to be felt in subsequent quarters. The next biggest markets in the quarter were Germany (366), the UK (272), Japan (187) and Italy (143).
Stephan Winkelmann, CEO of Automobili Lamborghini, said: “The results from the first quarter confirm the strength of our brand, even in an uncertain economic context. Global demand remains high, and the figures recorded demonstrate once again the validity of our strategy to combine performance, innovation and exclusivity, while keeping quality and personalisation at its core.”
Bentley delivered 2,388 cars from January to March 2025, a slight decline on the 2,506 delivered in the same period last year. This resulted in revenue of €661 million (Q1 2024: €688 million).
The Volkswagen Group comprises 10 brands: Volkswagen, Volkswagen Commercial Vehicles, ŠKODA, SEAT, CUPRA, Audi, Lamborghini, Bentley, Porsche and Ducati.
