The Audi Group saves its 2020 results thanks to a record performance in the last quarter, the best in the history of the company, and to growth in China (+ 5.4%) as early as March. Deliveries were 1,692,773 units (in 2019 they had reached 1,845,573) with a decrease of about 8%, therefore lower than the decrease of almost 15% in the total world market. The financial result was also positively influenced by the sale of Audi Electronics Venture GmbH to Volkswagen AG for 589 million euros. Sales revenues totaled $ 49.973 billion in the 2020 financial year.
Net profit before specialty items was $ 2.739 billion, and operating return on sales before specialty items was 5.5% (in 2019 8.1%).
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Net profit after taxes reached 3.774 billion. The net cash flow
remains a strength of the Audi Group, with a figure at the end of 2020 of 4.6 billion higher than the 3.160 of 2019. A result achieved essentially with rigorous cost control. The Audi group reported an operating profit of 2.6 billion euros for 2020, down from the 4.6 billion reported in 2019. In the period, revenues fell by 10% to 50 billion euros while sales were it dropped 8% to a total of 1,693,000 million models sold. These are the data provided during the annual press conference by the CFO, Arno Antlitz.
“The results were affected by the strong impact of the pandemic in the first half with a decline of 29% on an annual basis – he said – but the second recorded a sharp increase with a growth on an annual basis of 10%”. The margin was 5.1% and the goal for 2021 is to make it rise between 7 and 9 per cent and then rise to between 9 and 11 per cent in 2022.