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 throughout 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 automobiles 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, because of a strong enterprise mannequin and an incredible crew efficiency. These outcomes present what we’re able to delivering regardless of the difficult market setting. We have now remained targeted on overcoming provide chain points and the reward now’s with the ability to maintain the manufacturing traces rolling. Consequently, our prospects can anticipate considerably shorter supply occasions. Now, we have to stay vigilant and sustain the onerous work to keep up this momentum.“

Klaus Zellmer, Škoda Auto CEO

“The outcomes that Škoda Auto has achieved within the first six months of this yr exhibit 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 destructive one-off affect because of the closure of the Russian enterprise. But, we’re on monitor because of our Subsequent Stage Effectivity+ programme which we’ll proceed to implement additional. It’s as an necessary pillar for reaching sustainable profitability, and I’m assured that, along with the crew, 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 reaching strong outcomes. We have 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 because of the improved provide of elements. The success of our all-electric Enyaq iV household provides us each cause to be optimistic in regards to the future. We stay absolutely dedicated to offering inexpensive e-mobility that completely suits all our prospects’ wants, by additional accelerating our e-campaign.”

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

Yr-on-year enhance of all key monetary figures throughout the first half of 2023

The Škoda Auto Group generated a major rise in income throughout 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 degree because the earlier yr, a strong 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 Might 2023 had a robust destructive affect on working revenue*. Through the interval of January to June, the corporate delivered 432,200 automobiles worldwide, marking a year-on-year enhance of 19.9%. Likewise, manufacturing surged within the firm’s Czech crops, reaching 535,200 automobiles, which is a rise of 79,000 models in contrast with the primary six months of 2022.

Škoda future-proofs its mannequin portfolio

Škoda Auto continues to concentrate on a robust, electrical mannequin portfolio additional bolstering its e-campaign. Within the coming years, the automobile 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 important strides in different fields on its path to e-mobility: The corporate has already handed the milestone of 500,000 produced battery techniques which might be mounted in e-vehicles of Škoda, Volkswagen, Audi and Seat, at its Mladá Boleslav fundamental plant. Because the transition to e-mobility varies in numerous markets, Škoda will supply the entire vary of drivetrain ideas. This method permits the Czech automobile producer to supply its prospects with the very best of each worlds: a large BEV portfolio in addition to fashionable and environment friendly new ICE fashions. Within the second half of 2023, Škoda will unveil new generations of the Very good and Kodiaq, whereas the upgraded fashions of the Scala and Kamiq will likely be introduced on 1 August. In doing so, Škoda is choosing up pace within the decade of transformation in direction of CO2-neutral mobility, providing essentially the most numerous portfolio of BEV, PHEV and environment friendly ICE fashions to cater to all buyer wants and preferences in all markets.

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

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

 

2023

 

2022


change
Deliveries to prospects vehicles 432,200 360,500 19.9%
Deliveries to prospects excl. China vehicles 419,400 335,800 24.9%
Manufacturing3) vehicles 535,200 456,200 17.3%
Gross sales4) vehicles 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 Personal Ltd. and till Might 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 companion meeting crops in China, Slovakia and Germany, however together with different Group manufacturers corresponding to SEAT, VW and AUDI; automobile manufacturing excluding half/full kits.
4) Contains Škoda Auto Group gross sales to distribution corporations, together with different Group manufacturers corresponding to SEAT, VW, AUDI, PORSCHE and LAMBORGHINI; automobile 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 automobiles                    (180,500 automobiles; +31.3%)
Germany
(largest single market globally)
77,300 automobiles                    (63,500 automobiles; +21.8%)
Central Europe 92,800 automobiles                     (69,800 automobiles; +33.0%)
Czech Republic
(home market)
43,900 automobiles                     (35,500 automobiles; +23.8%)
Japanese Europe 22,600 automobiles                       (29,800 automobiles; -24.1%)
India 23,800 automobiles                       (25,900 automobiles; -8.4%)
China 12,800 automobiles                      (24,700 automobiles; -48.1%)
Complete (Worldwide) 432,200 automobiles (360,500 automobiles; +19.9%)

Škoda model deliveries to prospects within the first half of 2023
(in models, 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 Very good (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 Fast (2,900; -76.5%)

SOURCE: Škoda

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