The Audi Group expects its operating margin to dip this year as supply shortages ease and sales volumes begin to rebound.
The group – comprising Audi, Bentley, Ducati and Lamborghini – set a 12.2% margin last year, thanks to an increase in the value per vehicle sold and positive effects from hedging raw materials.
This meant it made a €7.6 billion (£6.7bn) operating profit in 2022, up 37.3% compared with the previous record set the year prior.
However, the Group now predicts this will fall somewhere between 9% and 11% in 2023, coinciding with a rebound in sales volumes as the supply shortage eases.
