Audi Group - Indebtedness

Consolidated sales of Audi Group reached a record level of EUR 48.8 bil in 2012 while net profit amounted to nearly of EUR 4.3 bil. That is an impressive average annual growth of 8.5% in sales and 20.4% in profits since 2003.

As a result, Company's net cash position has improved tremendously in the last decade. From having cash of 18% of equity in 2003, the Company had net cash equal to 65% of its equity at the end of 2012.