Audi targets 2020 return on sales above 8 pct

Newswire

FRANKFURT, May 20 (Reuters) - Volkswagen's premium auto unit Audi expects to generate a pretax return on sales of more than 8 percent by 2020, compared with 6.5 percent in 2009. By that time, return on capital employed (ROCE) will be above 18 percent, compared with 11.5 percent in 2009, the carmaker said on Thursday. The company expects its operating profit to grow faster than sales this year as it cuts costs. (Reporting by Irene Preisinger; Writing by Maria Sheahan)

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