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Audi with good start of 2011

Audi is about to show his rear lights of their competitors. Based in Ingolstadt German concern has increased by more than twice its operational profit for the first quarter and it shows much better results than its competitors in the premium segment with an operating return of 10.6%. The rival Daimler has achieved a margin of "only" 9.3 percent and for BMW, who will present his results on Wednesday, analysts expect just under 10%. For the good mood in the Audi care high demand in China - the largest market for concerts, as well as rising sales in the U.S. and Eastern Europe. The crown jewel of Volkswagen sold the first three months with 18% more cars than the same period last year and thus has achieved double digit growth in all markets. For 2011, Audi intends to sell more than 1,2 million cars, then just under 1.1 million sales for 2010. The CEO Axel Shtrotbek also confirmed the objective to significantly improved sales and operating profit.
"The high volatility of major currencies for us and the price development of raw materials continue to bear the risks," warned Shtrotbek. Moreover, the earthquake and nuclear catastrophe Japanese market and that of some other countries may remain collapsed.
"This can have negative consequences for the supply of parts and finished vehicles in the other direction", said the finance director. The spokesman, however, quickly said that until now Audi is not affected by this. The company's sales increased during the first three months with a quarter to 10.5 billion. Operating profit reached a record 1.1 billion euros (478 million euros a year earlier). Last year, mainly due to recovery in some markets, Audi was able to increase its operational double win at 3,3 billion and thus contribute to almost 50% of all operating profit of the group Volkswagen.