Audi financial performance started stabilizing in Q2 helped by easing of supply constrains
- Audi Q2 2024 revenue was flat y/y at 17.2 billion euros (Q1 2024:-18% or €13.7 billion) while operating return on sales rose to 8.8% from 3.4% in Q1 as supply situation affecting V6 and V8 models started easing.
- The brand reiterated its 2024 revenue outlook of between 63 and 68 billion euros but lowered its guidance for operating return on sales to between 6% and 8% (previously: 8-10%) due to restructuring of Brussels plant.
- Audi expects normal production again in Q3.