Assessment of the first half 2020

Audi Group in first half of 2020: The effects of corona pandemic are still very significant. CFO Arno Antlitz assesses the results of the first half 2020.

07/31/2020 Text & Video: AUDI AG Reading Time: 6 min

Key Facts

  • Deliveries to customers: stabilization in the markets
  • Continuing along the electrification course: Audi e-tron is world market leader for all-electric vehicles from German premium manufacturers
  • Audi Group: EUR 20,476 million revenue, EUR –643 million operating result before special items, operating return on sales before special items of minus 3.1 percent
  • Net cash flow of EUR 1,953 million mainly due to sales of equity interests, investment discipline and inventory reduction
  • Outlook: significant recovery expected in the second half of the year, but key financials for 2020 as a whole remain adversely affected by corona

We are starting the second half of the year with robust liquidity and are consistently implementing our product roadmap.

Arno Antlitz: Member of the Board of Management of AUDI AG Finance and Legal Affairs

Audi Group after 6 months compact

The corona crisis is having a marked impact on volume and the key financial figures at Audi. The company is stabilizing its business by adjusting production operations, safeguarding core processes and maintaining adequate net liquidity.


Deliveries to customers of the Audi brand





billion euros

Operating result


billion euros

Operating return on sales


Net cash flow


billion euros

Half-Year Financial Report 2020

07/31/2020 | Half-Year Financial Report 2020

49 pages, EN


5.5 MB


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