Frankfurt (dpa) – Volkswagen subsidiary Audi doubled its profit in 2021 after a slow 2020, according to the premium carmaker’s annual report on Tuesday.
Last year, the Bavaria-based manufacturer posted an operating profit of €5.55 billion ($6.11 billion), more than twice as much as a year earlier.
Turnover at Audi climbed by around 6% to €53.1 billion, making the operating return around 10.5%.
Carmakers are currently benefiting from an upsurge in prices for new and used cars amid a period of high demand and limited supply. Production has been repeatedly interrupted by a lack of electronic chips.
Audi delivered 1.68 million cars worldwide last year, 0.7% fewer than in 2020.
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