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102
audi.pdf
FinanceStrategy & Company ESG Appendix 33 Audi Report 2024 Financial highlights Brand Group Progressive 2024 Revenue Net cash flow Investment ratioROS (return on sales) Operating profit Decrease mainly due to lower sales – partly as a result of model changes and product launches Down in particular due to lower profi...
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FinanceStrategy & Company ESG Appendix 34 Audi R eport 2024 Outlook: fiscal year 2025 EUR 67.5 to 72.5 billion Anticipated development in the key performance indicators of the Brand Group Progressive Deliveries Revenue 1.7 to 1.8 million cars Key figures at a glance ¹ The investment r atio describes research and deve...
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Actual outcomes may differ from those predicted in these statements. AUDI AG has made use of the option under Section 289b. Para. 2 and Section 315b. Para. 2 of the German Commercial Code (HGB) exempting it from submission of a non-financial declaration and non-financial Group declaration and refers readers to the ...
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FinanceStrategy & Company ESG Appendix 35 Audi Report 2024 Economic environment Markets & volume The global economy continued to see solid growth in fiscal year 2024 with clear regional differences. Worldwide demand for vehicles slightly exceeded the prior-year level. The world and the core regions in detail: 2024 20...
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969 235,178 –13.7 Worldwide 2.7 2.8 79,181,505 77,044,347 2.8 1,692,548 1,918,912 –11.8 Real GDP growth in % Car markets in vehicles Deliveries to customers of the Brand Group Progressive in cars Growth in the gross domestic product, car markets and deliveries of the Brand Group Progressive in selected countries/...
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FinanceStrategy & Company ESG Appendix 36 Audi Report 2024 USA Economy > Surprisingly robust development of gross domes- tic product in the US in the reporting year; growth rate only slightly down on the strong previous year > Greater focus on maintaining a restrictive mone- tary policy by the US Federal Reserve ...
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with electrified vehicles performing strongly; comprehensive purchase incentives and intensive price com- petition as the main drivers Economy > Global economy continues to grow at a slightly slower pace compared with the previous year > Similar development in both advanced econ- omies and emerging markets ...
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slightly above the previous year’s level > Another decline in gross domestic product in Ger- many with development even slightly weaker than in the previous year > Inflation rates falling; four key interest rate cuts by the European Central Bank since June 2024 Europe Car market > Increase in new car regis...
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FinanceStrategy & Company ESG Appendix 37 Audi Report 2024 Production I n the reporting period, the Brand Group Progressive manufac- tured 1,692,152 (1,960,442) cars, a decline of 13.7 percent compared with the previous year. The Audi brand built 1,668,728 (1,937,187) vehicles and therefore 13.9 percent fewer than in...
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Ducati produced 55,956 (55,226) motorcycles, a slight increase of 1.3 percent. The Brand Group Progressive significantly scaled back its production in 2024 compared with the previous year. The reduction was mainly due to challenging market conditions, new model ramp-ups and temporary supply constraints. Illustrati...
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The model ramp-ups for the Audi A5, Audi A6 e-tron and Audi Q6 e-tron in the reporting year had a negative impact on production volume. 336,783 (403,874) vehicles were manufactured at the Ingolstadt site. The Audi brand produced 135,307 (162,734) premium models in Neckarsulm. During the reporting period, a total o...
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This sharp drop was due to necessary production adjustments for the Audi Q8 e-tron8 as a result of declining incom- ing orders. Production at the Brussels site was discontinued at the end of February 2025. The plant in Győr, Hungary, produced 161,985 (176,338) Audi vehicles, a decrease of 8.1 percent, partly due to ...
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Produktion 1.692.152 Gesamt 2024 1.960.442 Gesamt 2023 501 469 453 402 514 415 in Tsd. Automobilen 2023 2024 493 405 Q1 Q2 Q3 Q4 -13,7 % Production of the Brand Group Progressive, quarterly trend – 13.7% Total 2024 Total 2023 1,692,152 1,960,442 ⁷ Lamborghini Revuelto: fuel consumption (weighted combined): 11.9 l/10...
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⁸ Audi Q8 e-tron: electric power consumption (combined): 28.0–19.5 kWh/100 km; CO₂ emissions (combined): 0 g/km; CO₂ class: A. in thousand cars Produktion 1.692.152 Gesamt 2024 1.960.442 Gesamt 2023 501 469 453 402 514 415 in Tsd. Automobilen 2023 2024 493 405 Q1 Q2 Q3 Q4 -13,7 %
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FinanceStrategy & Company ESG Appendix 38 Audi Report 2024 Deliveries Deliveries by the Brand Group Progressive fell due to challenging economic conditions, a highly competitive market environment and limited supply ability. I n fiscal year 2024, the Brand Group Progressive delivered a total of 1,692,548 (1,918,912)...
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The past year was therefore part of a transi- tion phase towards a new product portfolio. With a clear product and technology roadmap, the Audi brand is rejuvenating its product portfolio with over 20 new Audi models in 2024 and 2025. Lamborghini continued the strong development of recent years and posted another ...
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Nevertheless, fully electric vehicles increased their share of deliveries from the Brand Group Progressive from 9.3 percent to 9.7 percent. The best-selling fully electric model line was again the Audi Q4 e-tron with 107,697 (111,735) vehicles. A total of 14,991 units of the new Audi Q6 e-tron were handed over to ...
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The SUV share rose slightly compared with the previous year to 50.3 (49.2) percent. At 297,912 (331,928) vehicles, the Audi Q5 was once again the best-selling Audi model in the reporting year despite the model change. Overview of delivery figures in the core regions In Europe, the Brand Group Progressive delivered 6...
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In China – the world’s largest single market – the brand group ended 2024 with 653,016 (732,893) vehicles delivered. This decline of 10.9 percent was due in particular to the intensive competitive situation. The above figure includes 598,778 (664,607) vehicles manufactured locally by associated Chinese companies. ...
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Automobilen 1.692.548 Gesamt 2024 1.918.912 Gesamt 2023 2023 2024 422 402 498 442 485 407 514 441 Q1 Q2 Q3 Q4 -11,8 % Deliveries of the Brand Group Progressive, quarterly trend – 11.8% Total 2024 Total 2023 1,692,548 1,918,912 in thousand carsin Tsd. Automobilen 1.692.548 Gesamt 2024 1.918.912 Gesamt 2023 2023 2024 ...
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FinanceStrategy & Company ESG Appendix 39 Audi Report 2024 7 Lamborghini Revuelto: fuel con- sumption (weighted combined): 11.9 l/100 km; electric power consump- tion (weighted combined): 10.1 kWh/100 km; CO₂ emissions (weighted combined): 276 g/km; CO₂ class (weighted combined): G; fuel consumption wi...
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10 The table includes deliveries of 598,778 (664,607) vehicles manufac- tured locally by Chinese associated companies and available and sold exclusively in China. 11 Vehicle is/was man- ufactured locally by associated compa- nies and available and sold exclusively in China. 12 The Audi e-tron is no longe...
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7 Audi Q3 215,174 221,398 –2.8 Audi Q4 e-tron 107,697 111,735 –3.6 Audi TT 1,826 9,233 –80.2 Audi A4 193,780 236,744 –18.1 Audi A5 71,817 77,474 –7.3 Audi Q5 297,912 331,928 –10.2 Audi Q5 e-tron11 6,002 5,207 15.3 Audi Q6 e-tron 14,991 462 X Audi Q611 5,300 4,561 16.2 Audi A6 243,364 266,932 –8.8 Audi A7 3...
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203 –36.7 Audi Q7 57,262 72,396 –20.9 Audi Q8 36,983 43,760 –15.5 Audi A8 14,955 20,293 –26.3 Audi R8 1,429 1,591 –10.2 Vehicles before market introduction 459 571 –19.6 Audi brand 1,671,218 1,895,240 –11.8 Bentley Continental 3,741 4,215 –11.2 Bentley Flying Spur 2,544 3,405 –25.3 Bentley Bentayga 4,358 5,94...
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406 0 X Lamborghini brand 10,687 10,112 5.7 Total cars 1,692,548 1,918,912 –11.8 Car deliveries to customers by model series9, 10 Fully electric vehicles (BEV)
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FinanceStrategy & Company ESG Appendix 40 Audi Report 2024 T he revenue of the Audi Group declined to EUR 64,532 (69,865) million in the 2024 fiscal year. This 7.6 percent decline year on year is primarily due to lower vehicle sales – also influenced by temporary supply constraints, a large number of model changes ...
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The Bentley brand recorded a drop in revenue from the sale of automobiles to EUR 2,422 (2,772) million. Financial situation With revenue of EUR 840 (888) million, the motorcycle business of the Ducati brand suffered a slight decline. Other revenue of the Audi Group amounted to EUR 16,450 (14,853) million, an incr...
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The cost of goods sold fell by almost the same percentage as a result of the lower sales volume. This figure also includes lower material and purchase costs. Financial performance Operating profit of the Audi Group down in a difficult market environment, due in part to restructuring expenses; net cash flow at a soli...
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Financial result 1,097 1,423 –22.9 Profit before tax 5,000 7,703 –35.1 Income tax expense –811 –1,443 –43.8 Profit after tax 4,189 6,260 –33.1 8 Audi Q8 e-tron: electric power consumption (combined): 28.0–19.5 kWh/100 km; CO₂ emissions (combined): 0 g/km; CO₂ class: A. 14 As well as the revenue from Audi vehicles e...
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FinanceStrategy & Company ESG Appendix 41 Audi Report 2024 Key figures for research and development Both distribution expenses and general administrative expenses remained almost unchanged compared with the previous year. The other operating result decreased very significantly compared with the previous year. This w...
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Restructuring expenses of around EUR 1.6 billion in connection with the termi- nation of production at the Brussels site, as described above, were the largest negative factor here. In addition to early deprecia- tion and amortization, expenditure from a change in production methods and legal and consulting costs, th...
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Research and development activities declined significantly. This was due, among other things, to fewer alloca- tions within the Volkswagen Group for new platforms and modu- lar systems due to vehicle ramp-ups that had already taken place. The capitalization ratio16 of 46.5 (49.8) percent was slightly below the prior...
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FinanceStrategy & Company ESG Appendix 42 Audi Report 2024 Financial result, Audi Group EUR million 2024 2023 ∆ in % Result from investments accounted for using the equity method 1 173 –99.7 Net interest result 395 464 –14.9 Other financial result 701 785 –10.8 Financial result 1,097 1,423 –22.9 of which China business...
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This was driven by the decline in the net interest result. Increased interest expenses due to the compounding of non-current provisions were not offset by higher interest income. In addition, the profit from participations accounted for using the equity method also fell, mainly due to ramp-up losses recognized on ...
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FinanceStrategy & Company ESG Appendix 43 Audi Report 2024 Illustration: C3 Visual Lab Quarterly development > Deliveries impacted by model changes and product launches > Operating profit adversely impacted by substantial restructuring expenses for Brussels site > Strong year-end with best quarterly result...
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692,548 (1,918,912) 484,880 514,484 421,824 497,724 407,390 441,167 402,048 441,943 (69,865)64,532 17,286 16,221 19,475 16,883 17,214 15,322 18,271 13,725 (6,280)3,903 6.0% (9.0%) 1,601 9.3% 106 0.7% 466 3.4% 1,686 8.7%1,515 8.8% 1,816 10.8% 1,815 9.9% 1,178 7.3% Q1 Q2 Q3 Q4
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FinanceStrategy & Company ESG Appendix 44 Audi Report 2024 Net worth T otal assets of the Audi Group as of December 31, 2024, were down to EUR 73,097 (73,447) million. The non-current assets of the Audi Group remained virtually unchanged. The increase in property, plant and equipment and in- tangible assets was offse...
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Current liabilities fell mainly as a result of reduced liabilities from profit and loss transfers and performance-related remuneration as well as a decrease in trade payables. This was offset by a marked increase in provisions, primarily in connection with the termina- tion of production at the Brussels site. Conden...
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This was offset by a marked increase in provisions, primarily in connection with the termina- tion of production at the Brussels site. Condensed balance sheet, Audi Group EUR million Dec. 31, 2024 Dec. 31, 2023 ∆ in % Non-current assets 35,318 35,230 0.3 Current assets 37,703 38,199 –1.3 of which inventories 7,837 7...
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FinanceStrategy & Company ESG Appendix 45 Audi Report 2024 Additions to capitalized development costs in the reporting period were down, partly due to the current product life cycle of the model range and the many product launches. At the same time, invest- ments in participations were also lower than in the previous...
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It mainly comprised the profit transfer to Volkswagen AG of EUR –3,831 million for 2023. As of the reporting date, cash funds were down to EUR 12,229 (13,436) million. The net liquidity of the Audi Group as of December 31, 2024, was EUR 22,847 (23,554) million. I n the 2024 fiscal year, the Audi Group generated cas...
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By contrast, a marked increase in provisions had a positive ef- fect, particularly in connection with the termination of production at the Brussels site. The previous year saw a decline in this area. The modest reduction in inventories, which had already fallen slightly in the previous year, also had a positive effe...
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The investment ratio of the Audi Group, which describes research and development activities as well as capital expenditure as a proportion of revenue, was 12.5 (12.4) percent in the year under review. Financial position Photo: AUDI AG Net cash flow –35.2% EUR 3,072 million Audi Q6 Sportback e-tron: electric power co...
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FinanceStrategy & Company ESG Appendix 46 Audi Report 2024 Condensed cash flow statement, Audi Group 19 Capital expenditure includes investments in property, plant and equipment, investment property and other intangible assets according to the cash flow statement. EUR million 2024 2023 ∆ in % Cash and cash equivalents...
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0 Lease payments, change in miscellaneous financial liabilities –268 –767 –65.0 Change in cash and cash equivalents due to changes in exchange rates 213 –186 X Change in cash and cash equivalents –1,207 3,838 X Cash and cash equivalents as of December 31 12,229 13,436 –9.0 Net liquidity as of December 31 22,847 23,5...
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FinanceStrategy & Company ESG Appendix 47 Audi Report 2024 Brand Group Progressive Comparison of deliveries, revenue, operating profit and return on sales: key performance indicators 2024 Audi Deliveries –11.8% 1,671,218 Operating profit EUR million 2,654 –45.3% Revenue EUR million –8.4% 58,129 Return on sales ...
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Ducati Operating profit EUR million –18.4% 91 Deliveries 54,495 –6.4% Revenue EUR million 1,003 –5.8% Return on sales (ROS) 9.1% –1.4 ppt.
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FinanceStrategy & Company ESG Appendix 48 Audi Report 2024 T he European Union (EU) is increasing its focus on climate change mitigation. The “European Green Deal” and the goal of becoming climate-neutral by 2050 are an expres- sion of the EU’s great ambition and provide the framework for a broad package of measures...
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Voluntary reporting by the Audi Group¹ The Audi Group is a fully consolidated Volkswagen Group company and is therefore not required to provide a separate report in accor- dance with EU taxonomy criteria. Since fiscal year 2021, the Audi Group has been fostering transparency by publishing a voluntary report of the ...
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FinanceStrategy & Company ESG Appendix 49 Audi Report 2024 What makes an economic activity EU taxonomy-eligible or EU taxonomy-aligned? Economic activity YES NO Is listed in the EU taxonomy? Activity is “not taxonomy-eligible” NO Activity is “not taxonomy-eligible” Contributes to achieving one of the following en...
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FinanceStrategy & Company ESG Appendix 50 Audi Report 2024 The Audi Group’s business model covers the development, production and selling of vehicles and the associated activities. Within the meaning of the EU Taxonomy Regulation, activities in these areas are suited to making a substantial contribution to the envi...
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Other activities which are directly connected with the aforementioned vehicle-related business and, in Audi’s estimation, should also be assigned to these economic activities, are currently classified as not taxonomy-eligible. On the basis of the requirements pub- lished by the EU, it was not clear which economic a...
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Until December 31, 2025, a threshold value of < 50 g/km CO₂ (WLTP) will apply. These vehicles include the Audi Group’s fully electric vehicles (BEV): > Audi Q4 e-tron, Audi e-tron²/Audi Q8 e-tron,³ Audi e-tron GT,⁴ Audi Q6 e-tron and Audi A6 e-tron In addition, most of the plug-in hybrids (PHEV) produced by the A...
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None of the motorcycles in the Ducati product range met this require- ment. At the same time, development activities for fully electric motorcycles also took place in the 2024 fiscal year. Fulfillment of screening criteria 2 > Vehicle CO₂ emissions > BEV = 0 g/km CO₂ and PHEV < 50 g/km CO₂ by 2025 ² The Audi e-...
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FinanceStrategy & Company ESG Appendix 51 Audi Report 2024 The minimum safeguards consist of the OECD Guidelines for Multinational Enterprises, the United Nations Guiding Principles on Business and Human Rights, the Fundamen- tal Conventions of the International Labour Organization (ILO) and the International Bill o...
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The Group constantly monitors the status of implementation of these measures. The result of these assessments is that the requirements of the minimum safeguards were fulfilled in the year under review. Minimum safeguards Compatibility with other environmental objectives (Do No Significant Harm, DNSH) Ecologica...
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The Volkswagen Group’s Annual Report presents the key interpretations and analyses used by the Volkswagen Group to examine whether any substantial harm has been done to the other environmental objectives. The result of these assessments is that the Audi Group’s vehicle-producing sites as well as the fully electri...
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FinanceStrategy & Company ESG Appendix 52 Audi Report 2024 Audi Group key figures in accordance with the EU taxonomy5 Revenue of the Audi Group in 2024 totaled EUR 64.5 (69.9) billion (see page 33). Of this amount, EUR 52.5 (59.3) billion, or 81.3 (84.9) percent, was attributable to the economic activities “Manufa...
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Their later clarification by the EU may result in reporting changes. There is a risk that key figures reported as taxonomy-aligned might need to be assessed differently. The Audi Group’s interpretation is shown below. ⁶ In the reporting year, the focus of the DNSH audit was on fully electric vehicles (BEV) and associ...
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FinanceStrategy & Company ESG Appendix 53 Audi Report 2024 In accordance with the EU taxonomy, operating expen- diture covers non-capitalized research and develop- ment costs, expenditure for maintenance and repair, and short-term leases. All operating expenditure at- tributable to the vehicle-related business is asso...
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All capital expenditure attributable to the vehicle-related business was associated with the economic activity “Manufacture of low-carbon technol- ogies for transport.” No substantial capital expenditure was assigned to the other activities in the vehicle- related business (especially engines, powertrains, parts d...
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FinanceStrategy & Company ESG Appendix 54 Audi Report 2024 Report on expected developments The global economy is expected to grow at a slightly slower pace in 2025 than in the reporting year. Global demand for passenger cars is likely to develop unevenly from region to region and be slightly above the previous year’...
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The Audi Group assumes that both advanced economies and emerging markets will be slightly less dynamic on average than in the reporting year. Development in the automotive industry is closely tied to the course of the global economy. Audi expects the intensity of com- petition in the international automotive industr...
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FinanceStrategy & Company ESG Appendix 55 Audi Report 2024 to rise. Crisis-related disruptions of the global supply chain and the resulting effects on vehicle availability could have a negative impact on new registrations. Sudden or escalating geopolitical tensions and conflicts could also result in rising material ...
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Models in the SUV and pickup segments are likely to stay the main focus of demand. In addition, it is to be expected that new registrations of fully electric vehicles will see very significant growth. The brand group continues to anticipate that the market volume in China will be on a par with the 2024 figure. Dem...
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The operating return on sales (ROS) is likely to be between 7 and 9 percent. The Audi Group is anticipating a net cash flow corridor of EUR 3 to 4 billion. In addition, an investment ratio² of between 10 and 12 percent is forecast for fiscal year 2025. The Audi management and the Works Council have agreed on key po...
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² The investment ratio describes research and development activities and capex as a proportion of revenue. Actual 2024 Forecast 2025 Deliveries of cars of the Brand Group Progressive to customers1 1.7 million cars between 1.7 and 1.8 million cars Revenue EUR 64.5 billion between EUR 67.5 and 72.5 billion Operating ret...
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FinanceStrategy & Company ESG Appendix 56 Audi Report 2024 Report on risks and opportunities Early detection and management of risks and opportunities are decisive factors for ensuring the sustained success of the Audi Group. A comprehensive Risk Management System (RMS) and an Internal Control System (ICS) provid...
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These are synchronized both within the Brand Group Progressive and with the Volkswagen Group. In addition to the RMS, the ICS ensures that processes within the Audi Group are compliant and stable and is continuously developed. The ICS covers all material risk-carrying business processes including asso- ciated contr...
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FinanceStrategy & Company ESG Appendix 57 Audi Report 2024 The “Three Lines” model to be identified, evaluated and appropriately managed by those responsible. They are communicated to the people responsible in each division and to the Audi Board of Management in a trans- parent, appropriate and timely manner. All div...
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The Audi Group pro- motes the further development of the RMS/ICS through cross- divisional and cross-company projects. The priority here is to inter- link the system closely with corporate financial planning and man- agement, as well as with accounting. In view of its high strategic relevance, the regulatory framewor...
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The risk early warning system that is part of the RMS and the RMS/ICS for accounting are subject to scrutiny by the independent auditor of the consolidated financial statements. Supervisory Board Board of Management Divisions Operational risk management Risk management program Coordination of standard processes Com...
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In addition, the central GRC organization handles the Group-wide ongoing development of governance, com- pliance and risk management tools. As well as providing methods and standards, these tasks include advising on how to improve risk steering as well as raising awareness of risk management, compliance and integri...
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FinanceStrategy & Company ESG Appendix 58 Audi Report 2024 The main operative risks and opportunities for the Audi Group are described below. Based on current assess‑ ments, these have been categorized as materially relevant to future development and may lead to negative or positive deviations from the key performan...
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Turbulence on the financial, energy and commodity markets, increasingly protectionist tendencies and structural deficits may also jeopardize the development of individual advanced economies and emerging markets. In connection with the agreement for the future, short-term financial burdens may impact the financial ...
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On the basis of the information available at present, however, there continue to be no risks that could pose a threat to the Audi Group and material Group companies as going concerns. Risks and opportunities of the Audi Group In addition to managing risks effectively, it is necessary in all long‑term corporate d...
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In addition, the divisions identify and operationalize medium‑ and short‑term potential opportunities on an ongoing basis. Operating principle of opportunities management
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FinanceStrategy & Company ESG Appendix 59 Audi R eport 2024  ¹ The  internal  decarbonization  index  (DCI)  is  a  key  performance  indicator  (KPI)  with  which  the V olkswagen  Group  records  and  manages  CO₂  emissions  along  the  entire  automotive  value  chain.
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 It  describes  the  average  emissions  (measured  in  CO₂  equivalents)  over  the  entire  life  cycle  of  the  Audi  passenger  car  portfolio  in  the  regions  of  Europe  (EU  27,  United  Kingdom,  Norway  and  Iceland),  China  (FBU,  fully  built  up)  and  USA  and  ...
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The  DCI  includes  the  direct  and  indirect  emissions  that  are  produced  at  the  individual  production  sites  (Scope  1  and  2)  as  well  as  further  direct  and  indirect  emissions  that  occur  over  the  life  cycle  of  Audi  vehicles  (Scope  3).
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The  utilization  phase,  as  part  of  the  life  cycles  of  Audi  vehicles,  is  calculated  over  200,000  kilometers  and  with  reference  to  legal  requirements  for  fleet  values  in  the  sales  regions.  The  CO₂  intensity  of  the  charging  current  for  electrified...
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The  basis  for  calculat- ing  supply  chain  and  recycling  emissions  is  provided  by  verified  vehicle  life  cycle  assessments  (according  to  standards  ISO  14040  and  ISO  14044,  see  life  cycle  assessments:  Documents  &  Policies  |  audi.com). Sustainability in the ...
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 For  example,  sustainability aspects ar e taken into account in import- ant  decision - making  processes.  Audi  therefore  also  considers  CO₂  effects  when  making  product  decisions.  The  decarbonization  index  (DCI¹),  the  BEV share  and  k ey  figures  in  line  with  the  EU...
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 Activities  relating  to  a  holistic  ESG  risk  man- agement  system  were  further  intensified  in  the  year  under  review. The  material  medium-  and  long - term  oppor tunities and risks associated with climate change are  explained  below.  The challenge facing car manufactur ers ...
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This  r esults,  for  example,  in  a  risk  for  Audi,  too,  that  it  will  fail  to  meet  the  average  target  for  CO₂  fleet  emissions  in  various  regions  of  the  world.  In  addition,  there  are  risks in connection with the speed of the gener al shift to  electric  m...
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This  results  from,  among  other  things,  the  slow  development  of  the  charging  infr astructure  for  electric  vehicles,  as  well  as  from  the  r espective  price  and  subsidy  policies  and  the  associated  low  acceptance  of  electric  mobility.  At  the  same  tim...
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 In  addition,  there  are  challenges  in  establishing a  sustain- able  circular  economy,  especially  in  relation  to  the  pr oduction  and  disposal  of  high-voltage  batteries  for  fully  electric  vehicles. Electrification and the technologies of the future as opportunities Thec...
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The  market  introduc- tion  of  the  Audi  Q6  e-tron  in  2024  marks  the  start  of  a  major  model  initiative  for  fully  electric  vehicles. The  oppor tunities  from  the  electrification  of  the  product  por tfolio  can  be  found,  for  example,  in  a  more  stable...
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The  development  of  highly  automated  drive systems  can  help  to  increase  vehicle  safety  and  allow  the  more  efficient  use  of  vehicles.  Moreover,  the  deployment  of  artificial  intelligence  and  automation  can  optimize  production  times  and  thus,  among  othe...
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Photo:AUDIAG TheAudiA5modelfamily:fuelconsumption(combined):8.0–4.8l/100km; C O₂  emissions  (combined):  182–125  g/km;  CO₂  class:  G–D.
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60 Audi Report 2024 FinanceStrategy & Company ESG Appendix Photo: AUDI AG ESG 61 // Materiality analysis of AUDI AG 66 // Environmental 108 // Social 142 // Governance
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61 Audi Report 2024 FinanceStrategy & Company ESG Appendix The 15 most important sustainability topics E Environmental S Social G Governance Sustainable corporate governance Page 144 Compliance and integrity Page 147 Sustainable business development Page 151 Fair working conditions and modern working forms ...
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62 Audi Report 2024 FinanceStrategy & Company ESG Appendix A s a global company, AUDI AG op- erates in a complex environment – a continuous review of its own ESG and corporate goals is essential for world- wide success. It is important to the compa- ny to keep an eye on the opportunities and risks of its actions in ...
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The sustainability reporting standard of the Global Reporting Initiative (GRI) also requires ESG reporting to be organized by material topics. Audi voluntarily publishes a report that combines financial and ESG aspects. The Audi Report is based on the internationally established GRI Standard, but also takes up a...
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Which environmental and social issues influence the company’s financial performance? And how do external stakeholders assess these two topic areas? Audi’s new materiality analysis provides the answers. The premium car manufacturer draws important impulses for its sustainability efforts from this analysis. topics ...
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This approach also meets the GRI requirements for materiality analyses. In terms of the materiality analysis’s content, Audi took its lead from the ESRS and the Volkswagen Group’s requirements. ¹ Only certain corporations and commercial partnerships where all partners have limited liability are affected by the re...
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The basis for determining and selecting stakeholders is the Stakeholder Engagement Standard AccountAbility 1000 (AA1000SES) and its associated principles of inclusivity, materiality and responsiveness.
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63 Audi Report 2024 FinanceStrategy & Company ESG Appendix Audi ESG topics The double materiality analysis covers the company’s impacts on the environment and society (impact materiality, inside-out) as well as the opportunities and risks for the company arising from environmental and societal impacts (financial mater...
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In addition, opportunities and risks for the company were identified for each subtopic (financial materiality). The third step was to have the subtop- ics evaluated by internal experts. One example: The inside-out analysis (impact materiality) for the topic “Working con- ditions – own workforce” (ESG topic area: ...
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Topics that fell short of the “informative” threshold in terms of both financial and impact materiality were deemed immaterial by the Audi experts in the course of the analysis. This was the case for the nine topics of pol- lution of soil, pollution of living organisms and food resources, substances of concern, ...
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