First Half of 2016: ŠKODA Increases Deliveries, Sales Revenue and Operating Profit

› Best half-year in company history: ŠKODA delivers 569,400 cars to customers (up 4.6%)
› Sales revenue grows by 10.8% to 7.1 billion euros by the end of June
› Operating profit increases to 685 million euros (up 31.2%)
› SUV offensive to further boost growth: ŠKODA KODIAQ on starting line

Mladá Boleslav, 29 July 2016 – ŠKODA stays in the fast lane. In the first half of 2016 the Czech car manufacturer was able to significantly increase customer deliveries, sales revenue and operating profit. 569,400 cars sold (up 4.6%) in the period from January to June break the brand’s record in customer deliveries. Sales revenue grew 10.8% to 7.114 billion euros, exceeding the level of seven billion euros in the first half-year for the first time in history. The operating profit increased by 31.2% to 685 million euros year-on-year.

“Investments in the model range have paid off to ŠKODA. In the first half of 2016 the demand for our cars exceeded our expectations. The solid order situation ensures full utilization of the production capacity and high return on quality,” comments ŠKODA CEO Bernhard Maier. “We plan to follow up on our continuous growth strategy next year, too. That is why, among other things, ŠKODA launches its SUV offensive. In terms of segment, the new ŠKODA KODIAQ is a model standing on the starting line,” adds Maier.

Sales revenue grew 10.8% to 7,114 billion euros in the first half-year (first half of 2015: 6,421 billion euros). In the same period the operating profit reached 685 million euros (January to June 2015: 522 million euros), which represents an increase by 31.2%. The operating margin rose to 9.6%, compared to 8.1% in the first half of 2015. Net liquidity reached 2.866 billion euros. Investments amounted to 207 million euros (first half of 2015: 146 million euros).

“ŠKODA has been growing profitably in 2016,” says ŠKODA CFO Winfried Krause. “The result grew thanks to higher sales figures, better mix of the sold model versions and optimization of material costs,” stated Krause.

ŠKODA AUTO Group – Key figures forthe first half of 2016/2015

Units 2016 2015 Change in %
Deliveries to customers (DTC) Cars 569, 400 544, 300 4.6
DTC excl. China Cars 423, 600 406, 000 4.3
Production Cars 410, 000 371, 300 10.4
Sales Cars 431, 300 393, 900 9.5
Sales revenue Million EUR 7, 114 6, 421 10.8
Operating profit Million EUR 685 522 31.2
Operating profit as % of sales revenue Percent 9,6 8,1
Investments Million EUR 207 146 41.9
Net liquidity Million EUR 2, 866 2, 696 6.3

 

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