Audi Canada

AUDI AG: Robust total for a third quarter

“The year 2019 stays contrast for a automotive industry. However, a financial statements for a third entertain uncover that a Audi Group is volatile even in clever headwinds,” says Alexander Seitz, Member of a Board of Management for Finance, China and Legal Affairs during AUDI AG. “We aim to drive a Audi Group solidly by a stream hurdles while sourroundings a right march for long-term competitiveness.”

From Jan by September, a association delivered 1,357,102 automobiles of a Audi code to business (2018: 1,407,672). While deliveries were still adversely impacted in a initial half of a year by aftereffects of a transition to a WLTP exam cycle and by countless indication changes, a Audi code reduced a amassed diminution to 3.6 percent in a third quarter. As a result, a code with a Four Rings was means to strengthen a marketplace share in a year to Sep in an altogether marketplace that engaged by 5.0 percent. In Europe, following a second theatre of a WLTP changeover, scarcely all indication variants have been homologized and are accessible in a vehicle configurator. Internationally as well, a code with a Four Rings expects impulses from a indication initiative: The new Q3 has already been launched successfully in a United States, for example. In China, a all-electric Audi e-tron* and a Q8 will be launched in a fourth quarter.

In a initial 9 months of this year, a Audi Group generated income of €41,332 million (2018: €44,257 million). The diminution reflects a change in a Audi Group’s total group. Whereas a income and gain of multi-brand importers were requisitioned during a turn of a Audi Group until a finish of 2018, they are presented in a financial statements of a Volkswagen Group as of 2019. Adjusted for these effects, a Audi Group’s income in a initial 9 months of a year was somewhat aloft than in a prior-year period. In a vehicle business of a Audi brand, a indication beginning resulted in an softened product mix: Thanks to a marketplace success of a full-size models such as a Q8, A6 Avant and a all-electric Audi e-tron*, a Audi code increasing a income by 5.8 percent. At Lamborghini, business continued to be driven by clever direct for a Urus* super SUV and a income of a Lamborghini code rose to €1,343 million (2018: €813 million).

The Audi Group posted handling distinction of €3,239 million for a initial 3 buliding of a year (2018: €2,871 million). Operating distinction in a prior-year duration had been reduced by special apparatus in tie with a excellent of €800 million imposed by a Munich II Public Prosecutor’s Office. In a initial 9 months of 2019, there were inauspicious effects on a Audi Group’s handling opening essentially from a reduce series of cars delivered and a ensuing reduce function of plant capacity. Higher allege output for destiny technologies also had an essentially disastrous impact on earnings. Higher crew costs were partially equivalent by reduce offered expenses. Additional certain impulses for a pivotal financial metrics came from a Audi Transformation Plan (ATP): From Jan by Sep alone, a association implemented countless measures that will boost a handling opening by some-more than €1.3 billion over a full year. Since a module started in 2018, a ATP has already liberated adult some-more than €3.3 billion.

The handling lapse on sales was 7.8 percent in a initial 3 buliding (2018: 6.5 percent). The revenue-reducing effects of deconsolidating a multi-brand importers had a certain impact on this metric.

The Audi Group’s distinction before taxation increasing to €3,668 million (2018: €3,458 million). This figure includes financial income of €429 million, that is reduce than in a initial 9 months of final year essentially due to dimensions effects (2018: €586 million).

With a net money upsurge of €3,271 million (2018: €3,116 million), a Audi Group once again reliable a financial strength. The disastrous one-time outcome from a deconsolidation of a multi-brand importers was some-more than equivalent by increasing fortify and a clever concentration on output and investment.

In a third quarter, a Audi Group serve stabilized a opening in a severe marketplace environment. From Jul by September, a code with a Four Rings delivered 450,922 vehicles, roughly as many as in a prior-year entertain (2018: 458,439). After adjusting for a effects of deconsolidating a multi-brand importers, third entertain income of €12,571 million was aloft than final year (2018: €13,074 million). The Audi Group achieved third-quarter handling distinction of €938 million and an handling lapse on sales of 7.5 percent (2018: €110 million and 0.8 percent). The excellent of €800 million imposed by a Munich II Public Prosecutor’s Office had almost impacted a prior year’s figures.

The Audi Group looks with certainty to a severe fourth quarter. “2019 will not be a record year, though a Audi Group is in a plain position,” says Alexander Seitz. “We have already overcome some vicious hurdles such as a changeover to WLTP 2nd Act. In a fourth quarter, we will continue to hurl out a indication beginning in a markets. The subsequent theatre of a Audi mutation devise will yield serve procedure for short-, medium- and long-term profitability. For Audi to financially conduct a mutation into a provider of tolerable reward mobility, however, we contingency also pull brazen consistently with a flexibilization of a plants and a coherence of a workforce.” The association aims to strech an agreement on a cornerstones of Audi.Zukunft by a finish of a year. Taking into comment a destiny product portfolio, long-term volume formulation and a ensuing allocation of vehicle models to a plants, a concentration will be on securing a long-term competitiveness of a Audi Group. This includes adjusting a vital ability of a plants and reviewing practice structures in line with demographic trends.

Against a backdrop of weaker volume expansion in a initial half of a year, a Audi Group anticipates slight expansion of deliveries for a year as a whole. In a 2018 Annual Report, a Audi Group still approaching a assuage boost in deliveries. The Audi Group affirms a forecasts for a pivotal financial metrics of revenue, handling lapse on sales and net money flow. It expects slight income growth, an handling lapse on sales of between 7.0 and 8.5 percent, and a net money upsurge of between €2.5 and €3.0 billion.

Selected pivotal total of a Audi Group


Jan. – Sept.





Car deliveries
Audi code





Audi Group in EUR million





Operating distinction
Audi Groupin EUR million





Operating lapse on sales
Audi Groupin percent





Download Audi Group Interim Financial Report

*Fuel expenditure of a models named
Audi e-tron
Electricity expenditure total in kWh/100 km: 26.2 – 22.6 (WLTP); 24.6 – 23.7 (NEDC); CO2 emissions total in g/km: 0 
Information on fuel/electricity expenditure and CO2emissions in ranges depending on a comparison apparatus and accessories for a car.

Lamborghini Urus:
Fuel expenditure in l/100 km: 12.7; CO2 emissions total in g/km: 325 
Information on fuel/electricity expenditure and CO2emissions in ranges depending on a comparison equipment, accessories and tires for a car