Audi Hungaria's Revenue and Profit Increased Last Year

Sales revenue by Audi Hungaria Plc., a member of the Audi group and the central engine supplier to the Audi and Volkswagen groups, increased by EUR 719 million (HUF 284.4 billion) last year, and its profit after tax by EUR 11 million (HUF 4.352 billion), the company said at its annual press conference at its base in Győr, NW Hungary on Thursday.     

The chairman of the board of Audi Hungaria Plc., Alfons Dintner, recalled that the Győr-based company is 30 years old this year and currently has 5 million square meters of production space.

He stressed that despite the shortage of semiconductors, the coronavirus epidemic, the Russian-Ukrainian war and the turbulent economic situation, the company had "stayed on course" in the past financial year, maintaining production volume levels and safeguarding jobs for its core workforce.

In this way, Audi Hungaria has demonstrated its important role within the Audi and Volkswagen groups, he said. He added that with the production of the Cupra Terramar to be based in Győr from 2024, this will be the first multi-brand production site of the Audi Group.

Alfons Dintner added he was optimistic about the future, because they have a large order book in engine production, vehicle manufacturing and tooling.

He pointed out that despite the tense global market conditions, Audi's Next Level start-up strategy aims to shape the situation, not manage it. One of the means to achieve this is the Shared Competence Center (SCC) and the recently established subsidiary Audi Hungaria Ahead Kft., which provides procurement, finance and IT services to the Volkswagen Group.

He reported that the transition to electromobility is continuing, with preparations already underway for the production of the next generation of electric motors and the new Modularer E-antriebs-Baukasten (MEBeco) electric drive concepts.

Patrick Heinecke, member of the company's board of management responsible for IT, procurement and compliance, said that Audi is a major economic player in Hungary, with more than 70 Hungarian suppliers and the largest employer in the region.

Zoltán Les, Member of the Board of Management of Audi Hungaria, responsible for Vehicle Production, pointed out that the integration of the Cupra Terramar model into production is underway, and that there will be a production stop on the production line during the first two weeks of April due to the changeover.

The numbers:

Last year, the company posted sales of EUR 8.436 billion (HUF 3,337.450 billion), compared with EUR 7.717 billion (HUF 3,052.999 billion) in 2021. The company's after-tax profit was EUR 343 million (HUF 135.698 billion) in 2022, compared with EUR 332 million (HUF 131.345 billion) in 2021.

Last year, 1,677,545 engines were produced in Győr, 56,778 more than in 2021. The number of vehicles produced was 171,134 – 119 more than in the previous year.

in 2022, the company invested EUR 220 million (HUF 87.036 billion), bringing the total value of investments since the company was founded to EUR 12.172 billion (HUF 4 815.486 billion).

Audi Hungaria Plc. employed 11,957 people at the end of last year, 26 fewer than in 2021.