ŠkodaPortal.cz Simply clever

The largest Czech manufacturer's result for the first half of 2010 shows not only a new record in sales but also growth in profits. Škoda Auto delivered 378.7 thousand cars, which translates into a year on year growth of 49.1 thousand cars (+ 14.9%). Operating income reached CZK 5.9 billion, which by comparison with last year represents an improvement of CZK 1.7 billion (+40.6 %).

The increase in deliveries was mainly due to growth in the Chinese market. 84.1 thousand vehicles (+82.3%) alone were sold there. The company also improved its sales to Western European markets excluding Germany (117.3 thousand vehicles sold, +34.5%). Sales in Germany, however, decreased as expected due to the end of the vehicle scrappage scheme (58.0 thousand vehicles sold, -33.8%). With 30.4 thousand vehicles (+16.6%) sold, the company managed to increase significantly its sales in the Czech Republic as well. Developments in the Superb (+149.6%), Yeti (+> 500%) and Octavia (+20.0%) model ranges have been particularly encouraging.

In the first half of 2010, Škoda Auto group revenues increased to CZK 109.7 billion (+22.3 %). Operating income reached CZK 5.9 billion, which represents an improvement of CZK 1.7 billion (+40.6 %). The financial result growth was not only due to the underlying increase in car sales (298.2 thousand vehicles +13.6%), but also due to a positive model mix, continued cost optimization and gains from exchange rate differences.

"While the positive development in the number of vehicles sold in the first half of 2010 was mainly due to favourable market developments, Škoda's expanded model range also contributed to the increase in market share. Moreover, the Škoda brand benefited from the particularly strong market in China. This was reflected in the results achieved," said Reinhard Jung, Chairman of the Board of Directors of Škoda Auto, adding: "On the back of economic uncertainty in many markets and the end of government sponsored environmental schemes our expectations for the second half of the year are more conservative. Nevertheless, for the full year 2010 we expect a significant improvement in sales and financial results."

Podobné články