27.10.2016 AUDI AG  DE0006757008

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. --------------------------------------------------------------------------- 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: [email protected] 27.10.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- 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: [email protected] 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 ---------------------------------------------------------------------------