Against the backdrop of the ongoing COVID-19 pandemic, Audi is taking stock after a difficult first quarter of 2020. Due to lockdowns and closed dealerships worldwide, deliveries of Audi-brand cars fell by 21.1% in the first three months of this year.

The Audi Group's revenue amounted to $19.11 billion and its operating return on sales was 0.1%. Despite the difficult economic conditions, a net cash flow of approximately $1.5 billion was achieved.

In view of the financial impact of the COVID-19 pandemic, Audi had taken early countermeasures to safeguard its liquidity. Furthermore, the cash flow was boosted by the sale within the Volkswagen Group of AEV GmbH. Production in China is already largely back to normal. The Audi plants in Europe have been gradually ramping up production according to a fixed plan since the end of April. The Audi Group expects the pandemic to have a significant impact on the global economy and car markets over the full year, and currently assumes that deliveries of the Audi core brand, revenue and operating profit will be well below the prior-year levels.