AUDI AG announced preliminary first quarter 2020 results and withdraws 2020 full-year outlook due to business impacts from covid-19 pandemic. Based on preliminary figures, the Audi Group expects for the first quarter of 2020 sales revenue of around EUR 12.5 billion. Operating profit of EUR 15 million and a return on sales margin of around 0.1%.

Due to the current developments, the Executive Board of AUDI AG assumes for now that the full year outlook for 2020, which was published with the 2019 Annual Report, can no longer be achieved.  It is currently not possible to determine when a new outlook can be made for the full year. The impacts resulting from the pandemic on customer demand, the supply chain and production cannot currently be accurately forecasted.