DGAP-Adhoc: AUDI AG: Adjustment to the balance sheet risk provisions as of the third quarter 2016


AUDI AG  / Key word(s): Legal Matter/Statement

27.10.2016 08:15

Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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The Board of Management of AUDI AG announces that in the third quarter
2016, according to current estimates, additional financial burdens
amounting to EUR 620 million in the form of special items arise. These
burdens are subject to valuation risks and could lead to an adjustment of
the predicted key performance indicators of the Audi Group for the total
financial year 2016.

Due to special items posted in the first three quarters for the V6 3.0 TDI
engine issues and Takata airbags, we are now assuming that the operating
return on sales after special items in the financial year 2016 should be
considerably below the target corridor of 8 to 10 percent. For the 2016
interim financial report, the Audi Group was still assuming a figure
slightly below the abovementioned target corridor.

Before special items, the Audi Group is still expecting an operating return
on sales within the corridor of 8 to 10 percent.

Contact: 
Anton Poll 
Head of Financial Communication / Financial Analysis, AUDI AG 
Phone: +49 841 89-92900/40300
E-Mail: anton.poll@audi.de


27.10.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language:     English
Company:      AUDI AG
              Auto-Union-Straße 1
              85045 Ingolstadt
              Germany
Phone:        +49 (0)841 89-0
Fax:          +49 (0)841 89-32524
E-mail:       anton.poll@audi.de
Internet:     www.audi.de
ISIN:         DE0006757008
WKN:          675700
Listed:       Regulated Market in Berlin, Dusseldorf, Frankfurt (General
              Standard), Hamburg, Munich, Stuttgart; Regulated Unofficial
              Market in Tradegate Exchange
 
End of Announcement                             DGAP News-Service
 
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