Audi sets strategic path in challenging year 2016
- Robust core business: growth in car deliveries and revenue, operating return on sales before special items within target corridor at 8.2 percent
- Diesel issue and Takata airbags: after special items of €1.8 billion, operating profit of €3.1 billion and operating return on sales of 5.1 percent
- High self-financing strength: net cash flow of €2.1 billion, net liquidity rises to €17.2 billion
- Model initiative: two new SUVs by 2019, three electric cars by 2020, successors for important model series by 2018
- New subsidiary: Autonomous Intelligent Driving GmbH is developing technologies for robot cars
In the coming years, Audi will significantly rejuvenate its product range, will launch several electric cars and will enter new digital business areas. The robust core business forms the basis for the required advance expenditure. The Audi Group’s revenue increased to €59.3 billion in 2016 and its operating return on sales before special items was 8.2 percent. The company recognized provisions totaling €1.8 billion for the resolution of the V6 3.0 TDI diesel issue and in connection with Takata airbags. After these special items, operating profit amounted to €3.1 billion, resulting in an operating return on sales of 5.1 percent.