16.04.2020 AUDI AG  DE0006757008

DGAP-Adhoc: AUDI AG announces preliminary Q1 2020 results and withdraws 2020 full-year outlook due to business impacts from covid-19 pandemic


DGAP-Ad-hoc: AUDI AG / Key word(s): Quarterly / Interim Statement/Forecast
AUDI AG announces preliminary Q1 2020 results and withdraws 2020 full-year outlook due to business impacts from covid-19 pandemic

16-Apr-2020 / 13:42 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The ongoing Covid-19 pandemic has also had a significant impact on Audi Group's business.

As a result, the automobile retail network has largely came to a standstill. The resulting decline in customer demand and supplier bottlenecks led to production stops within the Audi Group.

The aforementioned developments have a negative impact on the expected financial results of the Audi Group.

Based on preliminary figures, the Audi Group expects for the first quarter of 2020:
  • Sales revenue of around 12.5 billion Euros.
  • Operating profit of 15 million Euros and a return on sales margin of around 0.1%. The turbulent raw material and financial markets led to significant negative fair value impacts from commodity derivatives and negative currency effects, which burdened the first quarter 2020 result by 0.5 billion Euros.
  • The automotive net cash flow amounted to 1 billion Euros. The main drivers were the weaker underlying operating result due to the pandemic and negative effects in working capital from higher inventories and lower liabilities. Besides weaker operating profit, the pandemic also affected the working capital. These effects were compensated partly by cash inflow of EUR 650 million resulting from the planned sell of Audi Electronics Venture GmbH, Gaimersheim, to Porsche Siebte Vermögensverwaltung GmbH, Wolfsburg.
  • Automotive net liquidity amounted to 18 billion Euros. The Audi Group is also involved in the Volkswagen Group's cash pooling.
The Audi Group has already implemented extensive counter measures to reduce costs. Securing liquidity has the highest priority and optimizing working capital and prioritizing investments are key focus areas.

The Audi Group is planning the phased restart of production with enhanced safety standards for the workforce. As can be seen from the positive developments in China, economic recovery during the course of the year appears possible.

Due to the current developments, the Executive Board of AUDI AG assumes for now that the full year outlook for 2020, which was published with the 2019 Annual Report, can no longer be achieved.  

It is currently not possible to determine when a new outlook can be made for the full year. The impacts resulting from the pandemic on customer demand, the supply chain and production cannot currently be accurately forecasted.  

[email protected]

16-Apr-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language: English
Company: AUDI AG
Auto-Union-Straße 1
85045 Ingolstadt
Phone: +49 (0)841 89-0
Fax: +49 (0)841 89-30900
E-mail: [email protected]
Internet: www.audi.de
ISIN: DE0006757008
WKN: 675700
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (General Standard), Hamburg, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange
EQS News ID: 1022937

End of Announcement DGAP News Service

1022937  16-Apr-2020 CET/CEST


Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBITDA1,2 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBITDA-Marge3 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBIT1,4 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBIT-Marge5 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Jahresüberschuss1 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Netto-Marge6 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Cashflow1,7 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Ergebnis je Aktie8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de


WKN Kurs in € Einschätzung Börsenwert in Mio. €
0,000 0,00
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
0,00 0,00 0,00 0,00
0,00 0,00 0,00 0,00
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
0,00 0,00 0,00
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
0,00% 0,00% 0,00% 0,00%
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Automobile , 675700 , NSU , FWB:NSU