Assessment of the fiscal year 2020
The coronavirus pandemic has a significant impact in the fiscal year – strong second half. CFO until March 31st Arno Antlitz assesses the results of the fiscal year 2020.
- Government restrictions and interruptions in the supply chain led to production stops and short-time work at Audi sites, especially in the first six months, which resulted in a global drop in sales volume
- Market recovery starting with China and solid operating performance in the second half of the year as well as record figures in the fourth quarter
- Full-year key performance indicators mostly significantly lower than the prior-year ones despite positive trend at the end of the year
- Audi is cautiously optimistic about 2021, but forecasting is hampered by the ongoing coronavirus pandemic
“2020 shows: Audi is robustly positioned and economically weatherproof.
Audi Group 2020 Fiscal Year Compact
Further financial highlights
Net cash flow
Research and development ratio
Ratio of capex