Volkswagen's premium unit Audi AG forecast record 2006 revenue and earnings after yesterday reporting it had increased first half pretax profit by 30 per cent to £451 million.
"We are set to finish 2006 with new records not just for unit sales and production output, but also for the key financial figures," Audi chief executive Martin Winterkorn said.
Revenue rose nearly 17 per cent to a record £10.55 billion and cash flow from operations gained 12.5 per cent to £1.59 billion.
Audi is a major source of income for parent company Volkswagen, which is pushing through rigorous restructuring efforts at its core VW brand following losses incurred by the mass market brand's traditional six western German plants.
Late last week, Volkswagen reported that first half operating profit at the Audi Brand Group, which includes SEAT and Lamborghini, rose nearly 10 per cent to £493 million euros.
Audi reiterated its has forecast that 2006 will mark its 11th straight year of record deliveries, with sales up around 50,000 units from the 829,100 vehicles it sold last year.
In the first half, deliveries gained about 10 percent to almost 463,500 units, with the new Q7 sport utility vehicle contributing around 16,800. Mr Winterkorn said earlier this year that he expected Audi brand unit sales to rise six per cent this year following the roll-out of the well-received Q7, the revamped and highly popular TT Coupe roadster and the Audi allroad quattro, with revenue growth roughly matching that level.