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On track: Audi Group achieves breakeven thanks to strong third quarter
- Strong third quarter: deliveries and revenue up year-on-year, operating profit clearly positive
- First nine months: 1.2 million Audi brand vehicles delivered, revenue of €33.3 billion, operating profit before special items of €221 million and operating return on sales before special items of 0.7 percent
- Net cash flow of €3.8 billion significantly above high prior-year figure despite corona crisis, partially due to one-time effects
- CFO Arno Antlitz: “In the corona crisis, Audi is proving its resilience and thus maintaining its financial scope to continue investing in future fields such as electrification and digitalization.”
A noticeable recovery in the markets and a stabilization of business operations: After a very challenging first half of the year against the backdrop of the corona pandemic, the Audi Group is now catching up operationally and financially. Deliveries and revenue in the third quarter were both higher than in the prior-year period and operating profit is clearly positive. On a cumulative basis, the company has achieved breakeven in terms of operating profit and confirmed its ability to generate cash.