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Audi sees earnings improvement this year - CFO

Fri Jul 25, 2008 3:06am EDT

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FRANKFURT, July 25 (Reuters) - Volkswagen AG's (VOWG.DE) premium unit Audi (NSUG.DE) expects earnings to improve this year, finance chief Axel Strotbek said on Friday.

Revenues in the second half continue to be hit by the strong euro, the company added in a statement. Audi reported an improvment in its first-half gross and pre-tax profit margins. Net liquidity rose 25 percent to 8.87 billion euros ($13.93 billion). (Reporting by Christiaan Hetzner) (michael.shields@thomsonreuters.com, Reuters Messaging: michael.shields.reuters.com@reuters.net; +49 69 7565 1266)) ($1=.6369 Euro)


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