Home Automotive Škoda Auto Group generates year-on-year will increase in all key monetary indicators in first half of 2023

Škoda Auto Group generates year-on-year will increase in all key monetary indicators in first half of 2023

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Škoda Auto Group generates year-on-year will increase in all key monetary indicators in first half of 2023

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Škoda Auto additional continued to strengthen its optimistic course through the first half of 2023, regardless of ongoing market challenges. The Škoda Auto Group’s working revenue climbed to €911 million, marking a year-on-year enhance of 34.8%. On the similar time, the return on gross sales remained regular at 6.6%. The carmaker delivered 432,200 autos worldwide between January and June, which is nineteen.9% greater than in the identical interval final yr. The demand for the model’s bestseller, the Octavia (+60.2%), in addition to the all-electric Enyaq iV household (+41.0%), noticed a considerable enhance.

“We’ve confirmed within the first half of 2023 that Škoda Auto is on a secure progress path, due to a strong enterprise mannequin and an incredible workforce efficiency. These outcomes present what we’re able to delivering regardless of the difficult market setting. We’ve got remained centered on overcoming provide chain points and the reward now could be with the ability to maintain the manufacturing traces rolling. Because of this, our clients can count on considerably shorter supply occasions. Now, we have to stay vigilant and sustain the onerous work to take care of this momentum.“

Klaus Zellmer, Škoda Auto CEO

“The outcomes that Škoda Auto has achieved within the first six months of this yr reveal the corporate’s distinctive flexibility and monetary resilience. Our secure return on gross sales of 6.6% might have been even larger if it weren’t for the unfavorable one-off affect because of the closure of the Russian enterprise. But, we’re on monitor due to our Subsequent Stage Effectivity+ programme which we’ll proceed to implement additional. It’s as an vital pillar for attaining sustainable profitability, and I’m assured that, along with the workforce, we will proceed following this path of sustainable progress.”

Holger Peters, Škoda Auto CFO

“The primary half-year has proven us that, even in a difficult setting, Škoda Auto is able to attaining stable outcomes. We had been in a position to enhance our place on the difficult European market and expanded our market share. The ready time for our fashions has decreased considerably, and we will now meet buyer demand a lot sooner due to the improved provide of elements. The success of our all-electric Enyaq iV household offers us each cause to be optimistic in regards to the future. We stay absolutely dedicated to offering reasonably priced e-mobility that completely matches all our clients’ wants, by additional accelerating our e-campaign.”

Martin Jahn, Škoda Auto Board Member for Gross sales and Advertising

12 months-on-year enhance of all key monetary figures through the first half of 2023

The Škoda Auto Group generated a big rise in income through the first six months of the yr, with the metric climbing by 34.5% to €13.7 billion. The return on gross sales remained on the similar stage because the earlier yr, a stable 6.6%. Moreover, the carmaker was in a position to considerably enhance its working revenue within the first six months of 2023 by 34.8% to €911 million, though the divestment of OOO Volkswagen Group Rus in Could 2023 had a robust unfavorable affect on working revenue*. In the course of the interval of January to June, the corporate delivered 432,200 autos worldwide, marking a year-on-year enhance of 19.9%. Likewise, manufacturing surged within the firm’s Czech vegetation, reaching 535,200 autos, which is a rise of 79,000 items in contrast with the primary six months of 2022.

Škoda future-proofs its mannequin portfolio

Škoda Auto continues to give attention to a robust, electrical mannequin portfolio additional bolstering its e-campaign. Within the coming years, the automotive producer will introduce six new all-electric fashions throughout all segments. The all-electric compact SUV Elroq would be the first one to be introduced subsequent yr. Škoda has additionally made vital strides in different fields on its path to e-mobility: The corporate has already handed the milestone of 500,000 produced battery programs which are mounted in e-vehicles of Škoda, Volkswagen, Audi and Seat, at its Mladá Boleslav principal plant. Because the transition to e-mobility varies in several markets, Škoda will provide the entire vary of drivetrain ideas. This strategy permits the Czech automotive producer to supply its clients with the most effective of each worlds: a large BEV portfolio in addition to trendy and environment friendly new ICE fashions. Within the second half of 2023, Škoda will unveil new generations of the Excellent and Kodiaq, whereas the upgraded fashions of the Scala and Kamiq can be introduced on 1 August. In doing so, Škoda is selecting up velocity within the decade of transformation in direction of CO2-neutral mobility, providing essentially the most various portfolio of BEV, PHEV and environment friendly ICE fashions to cater to all buyer wants and preferences in all markets.

* In Could, 2023 Volkswagen Group accomplished the promoting of its belongings in OOO Volkswagen Group Rus to OOO Artwork-Finance, supported by the Russian Supplier Avilon.

Škoda Auto Group1) – Key figures for the primary half of the yr; January to June 2023/20222)

 

2023

 

2022


change
Deliveries to clients automobiles 432,200 360,500 19.9%
Deliveries to clients excl. China automobiles 419,400 335,800 24.9%
Manufacturing3) automobiles 535,200 456,200 17.3%
Gross sales4) automobiles 545,500 446,800 22.1%
Gross sales income million EUR 13,748 10,223 34.5%
Working revenue million EUR 911 676 34.8%
Return on gross sales % 6.6 6.6
Investments in tangible belongings  million EUR 329 201 63.7%


1)
 Škoda Auto Group includes Škoda Auto a.s, Škoda Auto Slovensko s.r.o., Škoda Auto Deutschland GmbH, Škoda Auto Volkswagen India Non-public Ltd. and till Could 2023, the Group additionally included OOO Volkswagen Group Rus, the monetary outcomes of that are included till then.
2) Share deviations are calculated from non-rounded figures.
3) Contains manufacturing within the Škoda Auto Group, excluding manufacturing at accomplice meeting vegetation in China, Slovakia and Germany, however together with different Group manufacturers resembling SEAT, VW and AUDI; car manufacturing excluding half/full kits.
4) Contains Škoda Auto Group gross sales to distribution corporations, together with different Group manufacturers resembling SEAT, VW, AUDI, PORSCHE and LAMBORGHINI; car gross sales excluding half/full kits.

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Worldwide deliveries within the first half of the yr by chosen market area:

Market area Deliveries from January to June 2023

(Deliveries HY1 2022 / change in %)

Western Europe 236,900 autos                    (180,500 autos; +31.3%)
Germany
(largest single market globally)
77,300 autos                    (63,500 autos; +21.8%)
Central Europe 92,800 autos                     (69,800 autos; +33.0%)
Czech Republic
(home market)
43,900 autos                     (35,500 autos; +23.8%)
Japanese Europe 22,600 autos                       (29,800 autos; -24.1%)
India 23,800 autos                       (25,900 autos; -8.4%)
China 12,800 autos                      (24,700 autos; -48.1%)
Complete (Worldwide) 432,200 autos (360,500 autos; +19.9%)

Škoda model deliveries to clients within the first half of 2023
(in items, rounded, listed by mannequin; +/- in % in contrast with earlier yr):

Škoda Octavia (97,800; 60.2%)
Škoda Kamiq (58,400; 23.8%)
Škoda Kodiaq (56,200; 11.0%)
Škoda Karoq (52,700; 22.6%)
Škoda Fabia (48,300; 5.3%)
Škoda Excellent (34,600; 4.4%)
Škoda Enyaq iV (31,300; 41.0%)
Škoda Scala (28,100; 31.6%)
Škoda Kushaq (12,300; -8.7%)
Škoda Slavia (9,400; -8.4%)
Škoda Speedy (2,900; -76.5%)

SOURCE: Škoda

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