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Mladá Boleslav, October 31st, 2011 – The Czech automobile manufacturer ŠKODA has continued its record course in the first nine months of 2011 with new highs in sales revenue, profit, and sales. From January to September, sales revenue rose 21.2 percent to 7.6 billion EUR compared to the same period last year. At the same time, the operating profit increased 83.1 percent to 575 million EUR and thus already exceeds the value for the entire last year after only three quarters of this year. Deliveries to customers also reached a new record in the first nine months with 664,800 units (an increase of 16.8 percent compared to the same period last year).

"ŠKODA is making great strides and has achieved new records in sales, sales revenue, and profit in the first nine months of the year," said the Chairman of the Board of ŠKODA, Prof. Dr. h.c. Winfried Vahland. "We are consistently implementing the ŠKODA Growth Strategy. In the first nine months, we have heavily invested in our growth and simultaneously strengthened our financial situation. Thus, the course has been set for the coming years," according to Vahland. "With the new small car Citigo and the Rapid, which has already been launched in India, our model offensive is rolling out during these very weeks. In the coming years, an average of one new ŠKODA model will be introduced every six months. Until the year 2018, we want to increase our annual worldwide sales to at least 1.5 million vehicles."

The chief financial officer of ŠKODA, Winfried Krause, adds: "In the first nine months of 2011, ŠKODA was able to increase its sales revenue and profit with a significant sales plus and an enhanced model mix. At the same time, we succeeded in continuing to improve our cost situation and to increase our net liquidity. Thus, ŠKODA has a solid basis for investments in new products, capacities, and markets."

Besides sales, sales revenue, and profit, ŠKODA also gained in other key figures in the first nine months of the year. With 588 million EUR, the profit before tax more than doubled compared to the same period last year. Net liquidity rose to 2.1 billion EUR in the first nine months. As a result of the model offensive, investments (incl. capitalised development costs) amounted to 378 million EUR as per September 30th, 2011 (previous year: 148 million EUR). Compared to last year, the number of employees increased by almost 900.

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