Press release
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march 19, 2020 - Audi
Financial year 2019: AUDI AG achieves its financial targets and sets a course for long-term competitiveness
- CEO Bram Schot: “Exceptional situation due to corona: we are focusing on protecting our employees, contractors and guests and making the right business decisions in this volatile environment.”
- In a difficult environment, #audi achieves its financial targets for 2019
- Operating profit of €4.5 billion; 8.1 percent operating return on sales is within forecast corridor for 2019
- Net cash flow slightly above forecast target at €3.2 billion
- CEO Bram Schot: “We have held our own against the competition with a stable return development”
- Increased focus on earnings quality
- Audi Transformation Plan (ATP) is delivering: accumulated €4.4 billion already achieved of overall €15 billion target by 2022
- CFO Dr. Arno Antlitz: “In order to achieve our ambitious return targets, we are consistently utilizing efficiency potential, tightening our cost discipline, and creating scope for future growth through targeted investments”
- CFO Dr. Arno Antlitz: “Our current focus is on the health of our employees and their families worldwide. Our task is to protect the company’s liquidity and stability and to stabilize core processes.”
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