Assessment of the 2019 fiscal year

• 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.”

“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.”

“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.”

“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.”