Audi 2012 Annual Report Download - page 171

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companies. Other operating result fell to EUR 775 (1,280) million mainly as a result of exchange
rate factors.
Despite the increasingly difficult economic environment, we again succeeded in increasing the
Audi Group’s operating profit slightly in the past fiscal year and posted another new Company
record of EUR 5,380 (5,348) million. Within this total, the Automotive segment achieved an
operating profit of EUR 5,421 (5,348) million. Following the acquisition of the Ducati Group
effective July 2012, the Motorcycles segment generated an operating profit of EUR – 41 million,
reflecting the seasonal pattern of business and taking into account the write-downs of disclosed
hidden reserves as part of purchase price allocation. For the full year, the Ducati Group achieved
an operating profit of EUR 58 million with a return on sales of just under 10 percent, based on
the accounting policies applied up to that time by the Ducati Group.
The financial result of the Audi Group was EUR 576 (692) million in the past fiscal year. The Audi
Group thus achieved a profit before tax of EUR 5,956 (6,041) million for the 2012 fiscal year.
After deduction of income tax expense, the Company earned EUR 4,353 (4.440) million.
DEVELOPMENT OF AUDI GROUP OPERATING PROFIT AND OPERATING RETURN ON SALES
The key rate of return ratios reflect our Company’s high profitability and provide further evidence
that the Audi Group is among the most successful automotive manufacturers in the world.
For example, operating return on sales in the past fiscal year was 11.0 (12.1) percent and there-
fore once again well above the target corridor of 8 to 10 percent. The return on sales before tax,
too, was an excellent 12.2 (13.7) percent. Over the same period, the return on investment
reached 30.9 (35.4) percent.
AUDI GROUP KEY EARNINGS FIGURES
2012 2011
Operating return on sales 11.0 12.1
Automotive segment 11.2 12.1
Motorcycles segment – 19.4 –
Return on sales before tax 12.2 13.7
Return on investment 30.9 35.4
201020092008
3,340
9.4
1,604
5.4
2,772
8.1
20122011
5,348
12.1
5,380
11.0
Operating profit
(EUR million)
Operating return on sales
(%)