Premium Brand Group reports 10.4% global revenue increase despite challenging environment

The Premium Brand Group — which consists of Audi, Lamborghini, Ducati, and Bentley — within the Volkswagen Group umbrella shared its year-to-date global financial results, revealing a 10.4 percent revenue increase compared to the same time period last year.

In the first three quarters of 2022, the Premium Brand Group reported a total global revenue of €44.6 billion (P2.555 trillion). The Premium Brand Group also stated that its operating profit reached €6.2 billion (P355.450 billion), significantly exceeding the previous year’s level. Likewise, the Premium Brand Group’s operative margin also improved to 14 percent.

“After nine months that were characterized by geopolitical uncertainties and ongoing disruptions in the supply chains, our operating profit demonstrates the strength of our brand group. At the same time, we are looking toward the future and sticking to our strategic goals without scaling them back,” said Audi Chairman of the Board of Management Markus Duesmann.

The Premium Brand Group expressed  belief that it benefited from a strong price position and dynamic development in the field of electric vehicles.

“With our broad portfolio, we are extremely robust even in times of geopolitical crisis. Our operating margin of 14 percent, which again significantly exceeds our targets this quarter, is impressive proof of our collective strength,” said Audi Member of the Board for Finance and Legal Affairs Jürgen Rittersberger.

Photos from Audi 

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