A noticeable recovery in the markets and a stabilization of business operations: After a very challenging first half of the year against the backdrop of the corona pandemic, the Audi Group is now catching up operationally and financially. CFO Dr. Arno Antlitz assesses the results of the third quarter 2020.

"2020 is an unusual year, one dominated by the coronavirus pandemic. The second wave is currently affecting most of the markets. But there are also positive signals: After several challenging months, today we can look back on a strong third quarter. Overall, our deliveries increased 6 percent year-on-year in the third quarter. Since September, production has been operating at normal levels again. In China, demand for Audi models rose robustly by 19 percent. In Europe, the volume of third quarter deliveries was about the same as in the prior year period.in U.S. market is recovering slowly. That shows Audi’s stability and solidity even in the midst of the pandemic.

Key Facts

• Strong third quarter: deliveries and revenue up year-on-year, operating profit clearly positive
• First nine months: 1.2 million Audi brand vehicles delivered, revenue of EUR 33.3 billion, operating profit before special items of EUR 0.2 billion and operating return on sales before special items of 0.7 percent
• Net cash flow of EUR 3.8 billion significantly above high prior-year figure despite corona crisis, partially due to one-time effects".