Ingolstadt

Assessment of the 2019 fiscal year

Audi steered a steady course through a challenging 2019 fiscal year. CFO Dr. Arno Antlitz reviews the Audi Group’s figures and provides an outlook for 2020.

03/19/2020 Copy & Photos: AUDI AG Talking Business Reading Time: 3 min

Talking Business – Key Facts

  • AUDI AG achieves its financial targets and sets a course for long-term competitiveness
  • Audi’s new strategic direction “consistently Audi” points the way: focus on electric mobility and digitalization
  • 2020 exceptional situation due to corona
  • CFO Arno Antlitz: “Our current focus is stabilizing our core processes and the health of our employees and their families worldwide.”

Dr. Arno Antlitz, Member of the Board of Management of AUDI AG Finance, China and Legal Affairs
Dr. Arno Antlitz, Member of the Board of Management of AUDI AG for Finance, China and Legal Affairs

Review 2019

“2019 was an eventful year for our industry and for Audi. Audi posted solid results and achieved the targets we set for ourselves. We were among the few carmakers to meet our guidance.”

Audi Group 2019 Fiscal Year Compact

Audi Group 2019 Fiscal Year Compact

Deliveries Audi brand

1,845,573

vehicles

Revenue Audi Group

55,680

million euros

Operating return on sales

8.1%

(Operating profit: EUR 4,509 million)

Power consumption combined*: 23.9–20.6 kWh/100km (NEFZ); 26.3–21.6 kWh/100km (WLTP)CO₂-emissions combined*: 0 g/km

Power consumption combined*: 23.9–20.6 kWh/100km (NEFZ); 26.3–21.6 kWh/100km (WLTP)CO₂-emissions combined*: 0 g/km

More details

Further financial highlights

Net cash flow

3,160

EUR million

Research and development ratio

7.9%

Ratio of capex

4.9%

Download Financial Report 2019

19.03.2020 | Audi Financial Report 2019

210 pages, EN

PDF

5.1 MB

Outlook: “consistently Audi” points the way

“With the ‘consistently Audi’ strategy, the company addressed the right issues in 2019. Electric mobility and digitalization will fundamentally transform the car as a product. Achieving returns on scale with regard to these future priorities is perhaps one of the most complex challenges that Audi has ever faced. In order to achieve our ambitious return targets, we are consistently utilizing efficiency potential, tightening our cost discipline, and creating scope for future growth through targeted investments.”

2020 will be demanding

“We are expecting major challenges for the 2020 fiscal year: Tighter CO₂ standards are coming into effect, the situation in important markets remains challenging and the competition is still intense. In addition, we face macroeconomic headwinds such as trade disputes. The issue that overshadows every other concern, however, is the spread of the coronavirus. For example, the economic effects are difficult to assess at present and it is uncertain how seriously and for how long Audi will be impacted. Against that backdrop it is almost impossible to make reliable projections for 2020 at this time. We will be doing everything in our power in the coming weeks to stabilize our core processes and thus to secure the liquidity of our company. Our top priority at all times will be the health and wellbeing of our employees.”

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