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AUDI AG: Robust figures for the third quarter
- Audi Group after nine months of the year: revenue of €41.3 billion; operating profit of €3.2 billion; operating return on sales of 7.8 percent
- CFO Alexander Seitz: “Steering the Audi Group solidly through a year of adverse factors.”
- Net cash flow of €3.3 billion demonstrates high self-financing power again
- Earnings forecast affirmed in a difficult environment
In a challenging second half of the year, the Audi Group stabilized its deliveries and posted robust figures for the third quarter. Adjusted for the effects of deconsolidating the multi-brand importers, revenue was higher than in the prior-year period. Operating profit reflects the decrease in deliveries and ongoing high upfront expenditure for the future. Cash generation continues to be a strength of the Audi Group: A net cash flow of €3.3 billion confirms the company’s first-class solvency. With a view to the full year, the Audi Group now anticipates a slight increase in deliveries compared with 2018 and affirms its forecast for its key financial metrics.