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.”
