AUDI AG: Robust figures for the third quarter

“The year 2019 remains testing for the automotive industry. However, our financial statements for the third quarter show that the Audi Group is resilient even in strong headwinds,” says Alexander Seitz, Member of the Board of Management for Finance, China and Legal Affairs at AUDI AG. “We aim to steer the Audi Group solidly through the current challenges while setting the right course for long-term competitiveness.”

From January through September, the company delivered 1,357,102 automobiles of the Audi brand to customers (2018: 1,407,672). While deliveries were still adversely impacted in the first half of the year by aftereffects of the transition to the WLTP test cycle and by numerous model changes, the Audi brand reduced the accumulated decrease to 3.6 percent in the third quarter. As a result, the brand with the Four Rings was able to strengthen its market share in the year to September in an overall market that contracted by 5.0 percent. In Europe, following the second stage of the WLTP changeover, nearly all model variants have been homologized and are available in the car configurator. Internationally as well, the brand with the Four Rings expects impulses from its model initiative: The new Q3 has already been launched successfully in the United States, for example. In China, the all-electric Audi e-tron* and the Q8 will be launched in the fourth quarter.

In the first nine months of this year, the Audi Group generated revenue of €41,332 million (2018: €44,257 million). The decrease reflects a change in the Audi Group’s consolidated group. Whereas the revenue and earnings of multi-brand importers were booked at the level of the Audi Group until the end of 2018, they are presented in the financial statements of the Volkswagen Group as of 2019. Adjusted for these effects, the Audi Group’s revenue in the first nine months of the year was slightly higher than in the prior-year period. In the automobile business of the Audi brand, the model initiative resulted in an improved product mix: Thanks to the market success of the full-size models such as the Q8, A6 Avant and the all-electric Audi e-tron*, the Audi brand increased its revenue by 5.8 percent. At Lamborghini, business continued to be driven by strong demand for the Urus* super SUV and the revenue of the Lamborghini brand rose to €1,343 million (2018: €813 million).

The Audi Group posted operating profit of €3,239 million for the first three quarters of the year (2018: €2,871 million). Operating profit in the prior-year period had been reduced by special items in connection with the fine of €800 million imposed by the Munich II Public Prosecutor’s Office. In the first nine months of 2019, there were adverse effects on the Audi Group’s operating performance primarily from the lower number of cars delivered and the resulting lower utilization of plant capacity. Higher advance expenditure for future technologies also had an initially negative impact on earnings. Higher personnel costs were partially offset by lower selling expenses. Additional positive impulses for the key financial metrics came from the Audi Transformation Plan (ATP): From January through September alone, the company implemented numerous measures that will boost its operating performance by more than €1.3 billion over the full year. Since the program started in 2018, the ATP has already freed up more than €3.3 billion.

The operating return on sales was 7.8 percent in the first three quarters (2018: 6.5 percent). The revenue-reducing effects of deconsolidating the multi-brand importers had a positive impact on this metric.

The Audi Group’s profit before tax increased to €3,668 million (2018: €3,458 million). This figure includes financial income of €429 million, which is lower than in the first nine months of last year primarily due to measurement effects (2018: €586 million).

With a net cash flow of €3,271 million (2018: €3,116 million), the Audi Group once again confirmed its financial strength. The negative one-time effect from the deconsolidation of the multi-brand importers was more than offset through increased discipline and a strong focus on expenditure and investment.

In the third quarter, the Audi Group further stabilized its performance in a challenging market environment. From July through September, the brand with the Four Rings delivered 450,922 vehicles, almost as many as in the prior-year quarter (2018: 458,439). After adjusting for the effects of deconsolidating the multi-brand importers, third quarter revenue of €12,571 million was higher than last year (2018: €13,074 million). The Audi Group achieved third-quarter operating profit of €938 million and an operating return on sales of 7.5 percent (2018: €110 million and 0.8 percent). The fine of €800 million imposed by the Munich II Public Prosecutor’s Office had substantially impacted the previous year’s figures.

The Audi Group looks with confidence to a challenging fourth quarter. “2019 will not be a record year, but the Audi Group is in a solid position,” says Alexander Seitz. “We have already overcome some critical hurdles such as the changeover to WLTP 2nd Act. In the fourth quarter, we will continue to roll out our model initiative in the markets. The next stage of the Audi transformation plan will provide further impetus for short-, medium- and long-term profitability. For Audi to financially manage the transformation into a provider of sustainable premium mobility, however, we must also push forward consistently with the flexibilization of our plants and the flexibility of our workforce.” The company aims to reach an agreement on the cornerstones of Audi.Zukunft by the end of the year. Taking into account the future product portfolio, long-term volume planning and the resulting allocation of car models to the plants, the focus will be on securing the long-term competitiveness of the Audi Group. This includes adjusting the strategic capacity of the plants and reviewing employment structures in line with demographic trends.

Against the backdrop of weaker volume growth in the first half of the year, the Audi Group anticipates slight growth of deliveries for the year as a whole. In its 2018 Annual Report, the Audi Group still expected a moderate increase in deliveries. The Audi Group affirms its forecasts for the key financial metrics of revenue, operating return on sales and net cash flow. It expects slight revenue growth, an operating return on sales of between 7.0 and 8.5 percent, and a net cash flow of between €2.5 and €3.0 billion.

Selected key figures of the Audi Group


Jan. – Sept.





Car deliveries
Audi brand





Audi Group in EUR million





Operating profit
Audi Groupin EUR million





Operating return on sales
Audi Groupin percent





Download Audi Group Interim Financial Report

*Fuel consumption of the models named
Audi e-tron
Electricity consumption combined in kWh/100 km: 26.2 – 22.6 (WLTP); 24.6 – 23.7 (NEDC); CO2 emissions combined in g/km: 0 
Information on fuel/electricity consumption and CO2emissions in ranges depending on the selected equipment and accessories for the car.

Lamborghini Urus:
Fuel consumption in l/100 km: 12.7; CO2 emissions combined in g/km: 325 
Information on fuel/electricity consumption and CO2emissions in ranges depending on the selected equipment, accessories and tires for the car

Title successes for Audi Sport customers in Asia

Audi RS 3 LMS (TCR)

Second title success in the TCR China: The New Faster team has won the TCR China for the second time with the Audi RS 3 LMS. After Andy Yan decided the Chinese racing series in his favor in 2017, the customer team from China was now successful with Huang Chu Han. In the finale at Zhuzhou, the Chinese only needed a fifth and a sixth position to win the racing series with a four-point advantage. For the Audi RS 3 LMS, this marks the third drivers’ title this year and the ninth in total since its maiden season in 2017. In the teams’ classification, the title also went to the New Faster squad.

A victory and a second place at the Nürburgring: The Audi RS 3 LMS finished the VLN Endurance Championship Nürburgring with two podium successes. The Norwegian Møller Bil Motorsport team won the TCR class by a razor-thin margin. Atle Gulbrandsen/Kenneth Østvold/Håkon Schjærin crossed the finish line with an advantage of 0.9 seconds after four hours of racing. In spite of having contested only six of nine rounds, Schjærin/Østvold thus clinched the runner-up’s spot in the final TCR classification. In the SP3T class, Team MSC Sinzig e.V. im ADAC relied on an Audi RS 3 LMS in the VLN finale as well. Peter Muggianu/Roger Vögeli/Roland Waschkau finished runners-up.

Podium in France: In round seven of the French Trophée Tourisme Endurance club racing series, Team Motorsport Développement claimed a spot on the podium. Mané Vignjevic/Pierre-Etienne Chaumat in an Audi RS 3 LMS saw the checkered flag as the second-best team in the T4 class after four hours of racing at Magny-Cours.

Podium success in Portugal: In round four of the Campeonato Open de Velocidade de Portugal racing series at Portimão, Gustavo Moura in his Audi RS 3 LMS finished the third, 50-minute race runner-up.

Coming up next week

01–03/11 Vallelunga (I), FIA Motorsport Games

02/11 Santa Cruz do Sul (BR), round 7, Endurance Brasil

02/11 Ruapuna (NZ), round 4, South Island Endurance Series

02–03/11 Motegi (J), round 8, Super GT

02–03/11 Shaoxing (CN), round 4, China Endurance Championship

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Audi electrifies Munich: new, free charging, parking and shuttle service at airport

Trouble-free parking, free charging and off to your plane – precisely that is the concept behind Audi’s new initiative to unleash the beauty of sustainable mobility at Munich Airport. Until December 20, owners of any make of electric car or plug-in hybrid vehicle will have the option of parking their car for free at the airport and recharging it with green power. Users book the required dates at The drop-off point is the e-tron meteorite (address: in der Wartungsallee 4, 85356 Munich Airport), which previously electrified the Airport Piazza this spring to mark the introduction of the four rings’ first fully electric model and that is now re-used sustainably as an electric charging station.

An Audi e-tron shuttle then transfers passengers to their required terminal. Upon their return, customers can take up the offer of an exclusive test drive accompanied by an Audi expert. Or they can visit a dealer at a later point in time to test-drive the model at their own convenience. 

These arrangements make sustainable use of the existing infrastructure:
The facade of the new Audi Brand Experience Center at the airport incorporates a photovoltaic system that generates power for the meteorite building. Two second-life batteries, sponsored by the AUDI AG Technical Development division, store surplus power from the photovoltaic facade making them ideally suited to charging the batteries of electric vehicles in the meteorite.

The Charge & Fly campaign and the e-tron meteorite, designed as a public e-charging station, represent a further building block in the holistic ecosystem that Audi operates at Munich Airport. This year, one of the world’s largest charging parks with 70 AC charging points (22 kW) and six DC charging points (150 kW) was put into operation.

Fuel consumption Audi e-tron
Combined electric power consumption in kWh/100 km: 26.4 – 22.9 (WLTP); 24.6 – 23.7 (NEDC), Combined CO2 emissions in g/km: 0
(Information on fuel/electric power consumption and CO₂ emissions depend on the equipment selected for the vehicle.)

First podium for Audi Sport driver Niels Langeveld in FIA WTCR

On finishing runner-up, Langeveld in his maiden WTCR season celebrated his first podium. For the Audi RS 3 LMS, it marked the seventh podium this season and the 24th since the series’ inaugural season in 2018. Two other Audi drivers shortly behind Langeveld showed strong performances as well. In his first race in an Audi RS 3 LMS, Ritomo Miyata had dropped from fifth to tenth position at the start but subsequently made up three spots. He trailed Frenchman Jean-Karl Vernay, who in the RS 3 LMS of Leopard Racing Team Audi Sport initially stormed forward from eleventh to sixth position. However, a defective shifting actuator put an early end to Miyata’s fast drive on lap 15. In the second race, Jean-Karl Vernay from 13th on the grid managed to fight back to ninth, while Frédéric Vervisch improved from 18th to 13th place. In 17th, Ryuichiro Tomita marked the best result of one of the three wild card drivers for Audi Team Hitotsuyama throughout the weekend. Gordon Shedden from Leopard Racing Team Audi Sport saw the checkered flag three positions behind him. In the final third race, Jean-Karl Vernay from 14th on the grid made up four positions once more while Frédéric Vervisch again advanced from 18th to 13th place and, following penalties for rivals, subsequently moved up to the eleventh spot. In position nine, Vernay is now the best Audi Sport driver in the standings. 

“Congratulations to Niels Langeveld and his team on his first podium finish,” said Chris Reinke, Head of Audi Sport customer racing. “While we were good on a wet track in qualifying we were struggling quite a bit on a drying track in the second session. Consequently, we didn’t have good grid positions for races 2 and 3. Even so, Jean-Karl Vernay and Frédéric Vervisch each pulled off some remarkable overtaking maneuvers. A ‘sincere thank you’ also goes to Audi Team Hitotsuyama that added a good showing to the FIA WTCR and delivered attractive performances at its home round.”

The next FIA WTCR round will follow in Macau in three weeks’ time. From November 14 to 17, the touring car drivers will be pitted against each other on the narrow and challenging city circuit in Asia in the penultimate of ten events. Jean-Karl Vernay and Frédéric Vervisch each celebrated a victory in an Audi RS 3 LMS there last year.

Additional information

Basic information Audi Sport customer racing 2019 including driver biographies
2019 FIA WTCR Media Booklet 
2019 FIA WTCR photos 
2019 FIA WTCR results

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Virtual robots support Audi employees working on PCs

In the premium manufacturer’s production plants, man and machine have been working hand in hand for some years. Now, employees with PC workstations are also receiving help from robots in the form of a digital assistant called “Audi myMate.” After a pilot phase, the first virtual robot started work in asset accounting in August 2019 and has since been entering and booking capital goods in the system. The employees in this area have thus gained time for more demanding tasks such as analyzing the recorded data. At present, several bots are already in use for the Four Rings, and Audi intends to continuously increase the number of digital assistants.

The software robots imitate human employees in the desktop interface. They have their own identity, for example as SAP users, and work in a virtual environment. RPA is suitable for all processes in which decisions are made on the basis of clear “if-then” rules. Starting in 2020, the company plans to equip some of its digital assistants with artificial intelligence.

“With the introduction of RPA, we are pushing forward the digitalization of our business,” says Dr. Bernd Martens, Member of the Board of Management for Procurement and IT. “We are using bots to make our processes more efficient and faster, and at the same time are giving our employees more time for more interesting work – a win-win situation for everyone.”