Audi’s first-quarter revenue rises 12.4%, boosted by electric models

Volkswagen’s luxury brand Audi confirmed its full-year forecast on Monday, excluding any impact from US tariffs, after its first-quarter revenue rose 12.4%, boosted by higher sales of electric models.

Quarterly revenue rose to €15.43 billion ($17.49 billion) in the January-March period, compared to €13.73 billion in the same period last year. The company confirmed its full-year 2025 forecast, which projects revenues of €67.5 billion to €72.5 billion and an operating profit margin of 7% to 9%.

Audi said the financial impact of import tariffs, particularly in the United States, could not be definitively assessed, adding that the effects of the March agreement between Audi management and the works council had not yet been factored into the guidance. The company’s global vehicle sales declined by 3.4% in the first quarter of 2025, while electric vehicle sales increased by 30.1%. The company added that Audi deliveries in North America, excluding Mexico, declined by 2.1% to 48,599 vehicles, due to several model updates there.