The Czech car manufacturer ŠKODA achieved a sales revenue of 7.4 billion euros in the first nine months of the current fiscal year 2013. In a period of high investment, ŠKODA’s operating profit reached 371 million euros in the first nine months; during the third quarter alone, operating profit increased by 8.8% over the same period last year. By the end of September, ŠKODA had delivered 685,000 vehicles to customers. Most recently, ŠKODA’s sales rose on a monthly basis by 3.3% – which was also a new ŠKODA record for the month of September.
“With eight new or completely revised models, 2013 is ŠKODA’s year dedicated to the biggest model offensive in corporate history,” says
ŠKODA CEO Prof. Dr. h.c. Winfried Vahland. “We have all but replaced or completely revised the ŠKODA model range. Never has our range been as extensive or attractive as today. We are therefore very pleased about the particularly positive feedback we’ve had from the markets.”
During this phase, the sales and turnover had been influenced by difficult market situation in Europe, as well as by production start-ups and subsequently lower production volumes. After the successful production launches, deliveries to customers rose once again by 3.3% over the same period last year to 86,600 ŠKODA vehicles. Overall, ŠKODA is expecting more sales in the second half of the year than in the same period last year. This positive development was also reflected in the third quarter of 2013 in ŠKODA’s operating profit, which amounted to 128 million euros – up 8.8% over the same quarter last year.
The Czech car manufacturer’s sales revenues had reached 7.37 billion euros by the end of September. This is 6.4% less than the same period in 2012 with 7.87 billion euros. The operating profit was 371 million euros, 34.6% lower than the first nine months of last year with 567 million euros. The company’s investments amounted to 458 million euros, which was 12.8% lower than January to September 2012 with 525 million euros. “ŠKODA was able to maintain its operating profit with return on sales revenue by 5 per cent on a solid level in the first three quarters, despite difficult conditions generally and in a period of high investment,” says
ŠKODA CFO Winfried Krause. “Thanks to strict cost management, we continue to enjoy a stable financial base for the future,” he adds.
ŠKODA AUTO Group operating figures as of 30 September 2013:| |
|
|
|
2013 |
|
2012 |
|
Change in % |
| Deliveries to customers |
|
cars |
|
685,000 |
|
717,200 |
|
- 4.5 |
| Deliveries to customers, w/o China |
|
cars |
|
507,300 |
|
535,300 |
|
- 5.2 |
| Production |
|
cars |
|
472,100 |
|
509,100 |
|
- 7.3 |
| Sales |
|
cars |
|
524,400 |
|
551,500 |
|
- 4.9 |
| Sales revenue |
|
Mio. EUR |
|
7,365 |
|
7,868 |
|
- 6.4 |
| Operating profit |
|
Mio. EUR |
|
371 |
|
567 |
|
- 34.6 |
| Operating profit (% of sales revenue) |
|
% |
|
5.0 |
|
7.2 |
|
- |
| Investments (w/o capitalized development costs) |
|
Mio. EUR |
|
458 |
|
525 |
|
- 12.8 |