Group predicts record revenue this year as it plans to deliver more than 1.8 million cars worldwide.
Audi has forecast its revenue will come in at €69 billion to €72b this year, eclipsing the record figure of €61.6b it achieved in the 2022 fiscal year.
The group predicts substantial growth over the coming months but also expects a more conservative earnings margin as higher costs weigh on profits.
On top of a new high for its revenue in 2022, Audi’s earnings climbed 40 per cent from the previous year to €7.6b as it prioritised the manufacture of higher-priced products during the chip shortage.
The group says the encouraging financial performance was also bolstered by strong results from the Bentley, Lamborghini and Ducati brands.
Audi delivered more than 1.6 million vehicles last year and was just 50,3400 units shy of the number achieved in 2021.
The total included the number of fully electric vehicles being delivered rising 44 per cent year on year to 118,196 units, which made up 7.2 per cent of its activity overall.
Audi estimates it will deliver between 1.8m and 1.9m cars in 2023.
With chip shortages easing, the company says it will normalise its product mix and offer lower-priced models to customers as well this year. It forecasts an earnings margin of nine to 11 per cent for the group, down from last year's 12.2 per cent.
Markus Duesmann, pictured, chief executive, adds Audi is widening its offering of battery-electric vehicles and plans to bring 10 new electric models to the market by 2025.
Keyword: Audi eyes substantial growth