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10/28/16
Ingolstadt
Company

Audi Group: Special items weigh on third quarter

Audi Q5 First Drive in Mexico
Audi Q5
  • Risk provisioning items for V6 3.0 TDI diesel issue increased by € 620 million
  • Operating return on sales 6.9 percent after three quarters, or 8.9 percent before special items
  • Audi CEO Rupert Stadler: “Times are challenging, but rising sales figures confirm the appeal of our model portfolio”
  • CFO Axel Strotbek: “Emphasis on efficiency and flexibility to pave way for model initiative and technological change”

Stable operating business and extended provisions for the V6 3.0 TDI diesel issue: The Audi Group succeeded in increasing its deliveries and revenue in the first three quarters of the fiscal year, while operating profit is well down on the prior year figure mainly due to special items. The operating return on sales after nine months is 6.9 percent, or 8.9 percent before special items.

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