Mladá Boleslav, 28 July 2017: “ŠKODA AUTO also grew strongly in the first half of 2017,” said ŠKODA AUTO CEO Bernhard Maier. “Our fresh and attractive model range that we extended in February with an important component, the ŠKODA KODIAQ, is extremely well-received by the customers. Committed demand remains good ensuring factories work at full capacity and we are therefore optimistic looking ahead to the second half of the year. In the fourth quarter, we will further boost growth with the market launch of the new ŠKODA KAROQ compact SUV,” said Bernhard Maier.
ŠKODA AUTO’s sales revenues increased by 22.6% to 8.720 billion euros in the first half of the year (first half of 2016: 7.114 billion euros). In the same period, operating profit recorded a significant increase of 25.5% to 860 million euros (first half of 2016: 685 million euros). The return on sales was 9.9%, up from 9.6% in the first half of 2016. Net cash flow reached 1.159 billion euros (first half of 2016: 583 million euros).
“The demanding market environment is a big challenge for the entire industry,” said ŠKODA AUTO Board Member for Finance Klaus-Dieter Schürmann. “With very good results, ŠKODA AUTO proves its financial strength and yield security. Favourable volume and mix effects were important factors for ŠKODA’s further improved profitability. Exchange rates which developed to our advantage also contributed to this year’s strong interim results,” added Schürmann.
As part of the ŠKODA Strategy 2025, the brand will be vigorously pressing ahead with the expansion of its model range in the coming years. The primary focus will be on expanding the SUV portfolio. With a total of 27,100 deliveries since February, the new ŠKODA KODIAQ SUV has had a successful start in the markets worldwide. With the introduction of the ŠKODA KAROQ, the company is now setting the next milestone. The new compact SUV celebrated its world premiere on 18 May in Stockholm.
* Percentage deviations are calculated from non-rounded figures** Comprises the production of the ŠKODA brand, excluding production in China, Slovakia, Russia and India, but including other Group brands such as SEAT, Audi and VW; vehicle production excluding part/complete kits*** Comprises sales of the ŠKODA brand to sales companies and includes other Group brands, such as SEAT, Audi and VW; vehicle sales excluding part/complete kits
© ŠKODA AUTO a.s. 2017