30.4.2020. Corona background of the ongoing epidemic due to balance sheet constraints Audi pulls off the output after a difficult 1st quarter of the Audi brand worldwide delivery franchises by 2020 and 21% in the first three months fell.
The sales revenue of the Audi Group is 0.1% 12.454 million euros and the operating return upon the sale of euros.
Despite the challenging economic conditions, the net cash flow of € 1 billion were obtained. Early in the epidemic, with a view on the harmful effects of Corona Audi financially controlled, there were liquidity measures against. In addition, the impact of AEV GmbH VW Group Sales internal cash flow has been positive.
In this time, because of the risks of Worldwide Production, protection of workers, as well as the demand and supply chain in short, the German locations were used in the study. China production works in a manner substantially regular. The Audi European places is executed according to a fixed schedule slowly since the end of the month of April.
The Audi Group, corona effects of the epidemic on the world economy and important automotive markets is expected throughout the year, and currently the Audi core brand, revenue and operating profit significantly below last year’s level of deliveries is taking.
Corona Audi regulatory and economic environment in the context of the epidemic in the first three months moved overhead. Global off-a negative impact throughout the entire automotive value chain, sales, supply chain, customer demand as well as stability, such as it was.
“Our capacity is reduced and controlled the German job sites, found a job, thanks to short. Finance, China, and law Arno Antlitz, member of the board of Audi in the first place, the situation and the health of employees and their families,“ he says. “At the same time, the market stands of this phase, which maintain a stable liquidity crisis and we’ve managed to keep even the basic operations of our company.”
Initially the manufacturer started deliveries of the operation model 2020 with the wind and then, in the month of February and the closing of franchises such as Corona and output constraints in the Chinese market first regulatory measures related to the spread of a negative effect on other core areas then become increasingly negative impact.
Epidemic, deliveries of the Audi brand in the first three months 352.993 21 percent (2019: 447.247) fell in the car. Thus, a total of four rings better than 23.3 percent decline in the market overall.
In China, the first signs of recovery appeared towards the end of the first quarter already: Here, 100 percent of the dealerships now re-opened. Online sales of new cars this installs the virtual showroom Audi Audi advice and live together as partners with digital distribution measures.
Descending a Sunday in the context of the Audi Group and Audi models Audi Q3 availability of parts for production in China million deliveries of full sets from the e-tron high positive income effect as well as for the success of the Sunday (2019: 13.812) €12.454 income is reached. Sales of the Lamborghini brand higher than the previous year’s level (million 2019: 491) 483 €was.
(2019: 1.100 million) 15 €in the amount of the operating result to reflect on, especially the contraction of demand, as well as due to exchange rate effects of about 0.5 billion euro in the first quarter against the wind taken due and commodity hedging transactions, goods and capital markets on the turbulent state of the epidemic: Audi saw sales, valuation losses. The operating result was also the expense for the early retirement program within the framework of the Audi.Future blamed.
Synergies with the Volkswagen Group thanks to the development and productivity growth, Audi was able to reduce research and development expenses. The operating return on sales (2019: 0) 0.1%, respectively.
The pre-tax result (1.196) AEV GmbH €545 million domestic sales of the group reached into VW the background, the old Audi, a subsidiary of the basis of the car.Software combines software development activities of the organization in all brands of the Volkswagen Group. Ingolstadt, Germany-the Volkswagen Group in the software company’s corporate focus.
The cash flow of this transaction in the amount of 650 million euros, had a positive effect on the liquidity situation. 952 net cash flow for the first quarter (1.207) euro, the net liquidity-was 31. (31 March 2020 18.792 €. December 2019: 21.754 million) in addition, the company’s cash at an early stage in order to optimize the output of a task force was assembled.
“Audi is economically robust. Arno’s face is constantly short-term as we reduce spending, without sacrificing the ability to move long Audi in the future,“ he says. Even in the short period of work, the company will hedge future production in the coming technical development and provide you with the basic operations important introductions in the market and high-speed printing.
After production in China since 17. 2020 2020 was launched in the month of February again, the month of April since the end of the regular work gradually and largely European sites. Comprehensive health measures to ensure the protection of the health of workers restart.
With a view to 2020, the overall market growth of a global car manufacturer of the world economy and significantly lower background rate constant of a negative Corona epidemic there is a demand. Basic brand Audi sales revenues and operating profit will be significantly below the previous year’s deliveries of the Audi Group expects that, compared to the respective values. Net cash flow is expected to be below the previous year’s level.
(PHOTO: Audi AG)Audi Forum Ingolstadt
