Audi Hungaria: Stable Financial Results in 2021

Audi Hungaria closed the 2021 fiscal year with a stable result, despite challenges caused by the coronavirus pandemic and semiconductor shortages. The world’s largest engine manufacturing plant produced 1,620,767 engines while in vehicle production, 171,015 cars rolled off the production line – a record in the history of the company. Last year, the company generated sales of EUR 7.717 billion and invested a total of EUR 162.6 million. This brings the total investment since the company’s foundation to EUR 11.95 billion, making Audi Hungaria the largest investor in the Hungarian automotive industry.

“Audi Hungaria has found the right answers to the challenges of recent years. We saw an opportunity in the situation brought about by the coronavirus pandemic and the semiconductor shortage, which we used to further strengthen our business areas. In addition to production, we are placing increased emphasis on our competence-based services in the areas of technical development, finance, IT, and procurement, which we offer to the entire Volkswagen Group. In the future, Audi Hungaria should not be seen solely as a manufacturing company, but as a service provider offering high added value, building on the extensive expertise of its employees and actively shaping the future of mobility,” Alfons Dintner, chairman of the Board of Management of AUDI HUNGARIA Plc., said in a press statement.

Answering a journalist's question, he added that Russian exports, which do not represent a dramatic proportion of the company's business, have also been stopped in Győr in line with the group's decision, he added.

Audi Hungaria, one of Hungary’s largest companies, generated sales revenues of EUR 7.717 billion in 2021. In order to remain competitive, the company continued to invest a total of EUR 162.6 million last year. Most of the investments in 2021 were connected to the field of electric engine production, particularly PPE (Premium Platform Electric), the new generation of electric drives, and to the area of internal combustion engine production, such as the new generation of four-cylinder motors. Further investments were made to expand the company’s tool manufacturing plant, creating new capacities for exclusive series production. The investments allow for even more body parts to be produced in Győr in the future for Volkswagen’s and Audi Group’s exclusive and sports models. Investments made since the company’s foundation now total EUR 11.95 billion.

“Even in these turbulent times, our company has proven its stability. Audi Hungaria continues to be one of the country’s largest companies in terms of sales, and with more than 70 Hungarian suppliers, we contribute significantly to Hungary’s economic success. Thanks to our future-oriented investments, we are preparing our production for the future, and we are further expanding our competence-based services in the areas of technical development, finance, IT, and procurement in our Shared Competence Center area. In doing so, our goal is to continue to grow with our already very successful competence center – by leveraging even stronger cross-brand, cross-process and cross-functional synergies within the Volkswagen Group and further developing our future-oriented service portfolio,” according to Dr. Patrick Heinecke, member of the Board of Management of Audi Hungaria and responsible for Finance, IT, Procurement, and Compliance.

As the largest employer in the region, Audi Hungaria employed 11,983 people at the end of last year. The company continues to recognize the commitment and the performance of its employees in 2021 with a bonus paid this year.