“The stream conditions is an huge plea for Audi. We are intentionally rebellious a countless disastrous factors and evenly counteracting them,” says Bram Schot, temporary Chairman of a Board of Management of AUDI AG. “We are operative tough to safeguard that we can put serve indication variants behind into a operation so that we can offer a business an appropriate lineup in all indication array again by a finish of a year. In addition, a indication beginning will now constantly strech a showrooms in some-more and some-more markets. We therefore design that a stream fluctuations in a business will noticeably change out again as of November.”
As announced, a changeover to a WLTP customary in sold led to poignant fluctuations in a pivotal sum of a Audi Group. These fluctuations will during initial diminution again with courtesy to prolongation volumes. With courtesy to deliveries, accessible bonds deliberately built adult in a initial half of a year essentially led to high expansion rates in Jul and August, before pointy declines started in Sep as a outcome of restrictions in a sales portfolio. This relates essentially to Europe, a sales shred with a top volume for AUDI AG. The association delivered 1,407,718 Audi code cars worldwide in a initial 3 buliding of this year (2017: 1,380,463). While sales in Europe declined, Asia-Pacific and North America reported certain volume developments.
“We can master this well-developed proviso entrepreneurially since Audi has a strong, volatile financial base,” says Alexander Seitz, Member of a Board of Management of AUDI AG for Finance, China, Compliance and Integrity. “The Audi Transformation Plan is also holding effect: We expect certain gain effects of €1 billion already in a start-up year. This means that a money era stays clever even in severe times. We continue to financial a large upfront output for a destiny march from a possess resources.”
At €44,257 million, a Audi Group’s income for a duration from Jan by Sep was during a prior-year turn (2017: €44,028 million). Before special items, handling distinction of €3,671 million was tolerably down on a prior year (2017: €3,941 million); handling lapse on sales before special equipment was 8.3 percent (2017: 9.0 percent). The effects of a changeover to WLTP in sold had a disastrous impact on handling profit. On a other hand, there were certain effects from a light launch of a new Q5 era in vital markets and a start of a new Q8, as good as from a company’s banking management.
The excellent of €800 million imposed on Oct 16, 2018 by a Munich II Public Prosecutor’s Office final regulatory offences record associated to a diesel emanate influenced gain in a third quarter. After these disastrous special items, handling distinction for a initial 3 buliding decreased to €2,871 million and a analogous handling lapse on sales was 6.5 percent.
Profit before taxation for a Audi Group amounted to €3,458 million (2017: €3,974 million) for a initial 3 buliding of this year. This figure, that was impacted by a disastrous special items, includes a significantly increasing financial result: In a initial 9 months of a year, it rose to €586 million (2017: €33 million), partly as a outcome of a successful business in China.
Net money upsurge of €3,116 million for a initial 3 buliding was also significantly aloft than in the prior year (2017: €2,552 million). At times of high allege expenditures for new models, technologies and prolongation facilities, a tighter spending and investment fortify as partial of a Audi Transformation Plan had a certain effect. Improved working-capital government and reduce money outflows ensuing from a diesel predicament than in a prior year also contributed to a boost in net money flow.
On a quarterly basis, a code with a Four Rings delivered 458,448 cars from Jul by September, fewer than in a prior year (2017: 471,780). Revenue decreased to €13,074 million (2017: €14,017). Operating distinction before special equipment of €910 million (2017: €1,261 million) also reflects a weight from a WLTP changeover, that was generally conspicuous in a third quarter. The handling lapse on sales before special equipment was 7.0 percent (2017: 9.0 percent). After a disastrous special equipment ensuing from a excellent imposed by a Munich II Public Prosecutor’s Office, handling distinction for a third entertain was €110 million and a particular handling lapse on sales was 0.8 percent.
In a stream second half of a year, a densely packaged module of phase-outs and ramp-ups in tie with a many extensive indication beginning in Audi’s story has reached a peak. This involves high ramp-up expenses. Audi will launch a sum of some-more than 20 new or updated models in 2018. Following a launch of a Audi Q8 and a new A6 in a initial markets in a third quarter, new generations of serve core indication array will follow by a finish of a year: a Q3 and A1 in a compress segment. The long-wheelbase Audi Q2 will be accessible during dealerships exclusively in China, and a new A8 and new A7 will go on sale for a initial time in critical Asian and North American markets. The response to a Audi e-tron presented in mid-September has also been really positive: Even before a marketplace launch, some-more than 17,000 pre-reservations have already been perceived for a initial all-electric Audi SUV.
For full-year 2018, a Audi Group now still expects Audi code deliveries during roughly a same turn as final year notwithstanding a substantial fluctuations during a year. On October 16, 2018, a association announced that it would significantly undercut vital financial pivotal opening indicators forecasted for a mercantile year 2018, with care of a impact of a special equipment ensuing from a excellent imposed by a Munich II Public Prosecutor’s Office. This relates to handling profit, handling lapse on sales, lapse on investment and net money flow. In a Annual Report, a Audi Group had foresee an handling lapse on sales within a vital aim mezzanine of 8 to 10 percent for a year 2018.
Selected pivotal sum of a Audi Group
Jan. – Sept.
in EUR million
before special items in EUR million
Operating lapse on sales
before special items in percent
in EUR million
Operating lapse on sales
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