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The Czech Republic's biggest car manufacturer saw a substantial increase in both sales and profits over the first three months of this year (178.9 thousand vehicles delivered, i.e., + 25 % as compared with the same period of last year). The operating profit totalled CZK 2.6 billion, which is a substantial improvement over the first quarter of 2009 (CZK 787 million).

The drivers behind the increase in deliveries are the growth of the Chinese market where Škoda Auto sold altogether 42,700 vehicles (+ 121.9 %) and the positive trend in Central Europe (28,000 units, + 12.9 %) where the main factor was the domestic market (13,200 vehicles delivered to customers, 26.6 %). The key model lines in terms of the growing sales were the Octavia (+ 32.4 %), the Superb (+ 119.3 %) and the Yeti.

The revenues of the Škoda Auto over the reviewed period totalled CZK 52.5 billion (+ 32.0 %). The operating profit grew from CZK 0.8 billion to CZK 2.6 billion – the main factor behind this increase were the sales of the Škoda Auto Group (142,400 vehicles, + 31.7 %). Other factors include a good model mix (growing sales of the Octavia, Superb and Yeti) and generally positive impacts of exchange rates.

"The sales results show that the markets in Western Europe are recovering from the economic recession. The only exception is Germany, where the automotive market slumped by nearly 25 % over the first three months as compared with the same period of last year. As for our deliveries to customers, the decision to produce vehicles in China is apparently paying off, as China continues growing very dynamically. The sales in the Czech Republic, the domestic market, are also positive – our market share has reached 33.5 %", said Reinhard Fleger, Škoda Auto BOD Member for Sales and Marketing, and went on to say: "Despite the continuing uncertainty in markets worldwide, we expect the number of deliveries to remain higher than that in 2009 also over the rest of this year."

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