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Audi Group (AUDI) investor relations material

Audi Group Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary31 Oct, 2025

Executive summary

  • Revenue increased 4.6% year-over-year to €48.4bn, driven by a better product mix and higher BEV share, despite a 4.8% decline in vehicle deliveries due to competitive markets, US tariffs, and model changeovers.

  • Operating profit fell 25.5% to €1.6bn (3.2% of revenue), impacted by tariffs, restructuring, and CO₂ regulation provisions.

  • Net cash flow dropped 44.7% to €2.1bn, mainly due to lower profit, Brussels restructuring, and the acquisition of Sauber Holding AG shares for Formula 1 activities.

  • Product initiative advanced with new BEV models and portfolio expansion planned for 2026, including entry-level BEVs and new SUVs.

  • Market challenges, including tariffs and restructuring, weighed on deliveries and operating profit, but BEV momentum and order intake improved.

Financial highlights

  • Revenue rose 5% year-over-year to €48,380m for 9M 2025; 2025 revenue guidance set at €65–70bn.

  • Operating profit fell 26% to €1,555m (3.2% of revenue), impacted by US tariffs, restructuring, and portfolio realignment.

  • Net cash flow dropped 45% to €2,107m, mainly due to Brussels restructuring and tariff costs.

  • Q3 revenue was €15.8bn, slightly above last year, with operating profit at €0.5bn and ROS at 3.0%.

  • Gross profit for 1-9/2025 was €5.2bn, down 22.9% year-over-year.

Outlook and guidance

  • FY2025 guidance updated: deliveries expected between 1.65m and 1.75m, revenue €65–70bn, operating return on sales 4–6%, net cash flow €2.5–3.5bn, investment ratio 11–13%.

  • Guidance includes US import tariffs and assumes no semiconductor supply bottlenecks.

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Frequently asked questions

Audi AG is a German automotive manufacturer specializing in upmarket vehicles. The company has a rich history and a global presence, with vehicles produced in a number of production facilities worldwide. Audi's product range includes a variety of luxury cars and SUVs, emphasizing sporty vehicles, high build quality, and progressive design. The company is headquartered in Ingolstadt, Bavaria, Germany, and its shares are listed on the Frankfurt Stock Exchange.

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