Volkswagen's premium arm, Audi , increased its sales target for 2015 to 1.5 million vehicles from 1.4 million after posting its 11th consecutive year of record results in 2006.
Net profit rose 63 per cent last year to €1.34 billion on revenue up 17 per cent to €31.14 billion.
It aimed to boost unit sales, revenue and earnings in 2007 and the years ahead, it said at a news conference today.
Pretax profit rose 49 per cent to €1.95 billion for a margin of 6.2 per cent of sales versus 4.9 per cent a year ago. Its return on capital advanced to 14.2 per cent from 9.7 per cent, easily beating Audi 's goal of at least a 10 per cent yield.
Audi said it expected annual unit sales to surpass 1 million by the end of 2008. It sold 905,188 units in 2006.
Volkswagen shares rose 0.4 per cent to €93.01 by this morning.
GMT, the only gainer in the DJ Stoxx European car sector index. Audi 's illiquid shares were untraded.