Skoda says that deliveries of its vehicles so far this year (to the end of September) are up 13% to 774,100 vehicles.

The brand also said that sales revenue increased by 19.3% in the first nine months to EUR8.8bn and operating profit was up 75.5% to EUR651m.

"Skoda has continued to successfully implement its growth programme over the course of the year so far," according to Skoda CEO Prof. Dr. h.c. Winfried Vahland.

"The double-figure increase in deliveries and the significant growth of sales revenue and results show that our new, attractive model range is going down well in the international markets.

"Over the coming years, we want to grow further still and convert new customer groups to the brand. From November, the new Fabia will ignite the next stage of our model campaign," he said.

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ŠKODA experiences profitable growth – deliveries, sales revenue and operating profit continue to increase in the first nine months of 2014

31.10.2014 | category: Company

?› ŠKODA deliveries up by 13 per cent to 774,100 vehicles
› Sales revenue increases by 19.3 per cent to 8.8 billion euros as of the end of September
› Operating profit up by 75.5 per cent to 651 million euros› New ŠKODA Fabia is advancing the biggest model campaign in ŠKODA history

?Mladá Boleslav, 31 October 2014 – The Czech manufacturer ŠKODA remains on the right track and continues to show profitable growth. In the first nine months of 2014, deliveries to customers worldwide increased by 13 per cent to 774,100 vehicles. Over the same period, sales revenue went up by 19.3 per cent to 8.8 billion euros. Operating profit rose to 651 million euros; a growth of 75.5 per cent compared to the same period last year.

?"ŠKODA has continued to successfully implement its growth programme over the course of the year so far," says ŠKODA CEO Prof. Dr. h.c. Winfried Vahland. "The double-figure increase in deliveries and the significant growth of sales revenue and results show that our new, attractive model range is going down well in the international markets. Over the coming years, we want to grow further still and convert new customer groups to the brand. From November, the new ŠKODA Fabia will ignite the next stage of our model campaign," says Prof. Dr. Vahland.

In the first nine months of this year, ŠKODA achieved revenues amounting to 8.8 billion euros; an increase of 19.3 per cent compared to last year. Over the same period, operating profit rose by 75.5 per cent to 651 million euros (January to September 2013: 371 million euros). Alongside increased deliveries, the effects of mixes as well as improved product costs contributed to the better profit. In addition, the first nine months of 2013 were influenced by the start of production of the new ŠKODA Octavia.

With 7.4 per cent, the operating margin at the end of September was considerably higher than last year’s 5 per cent. Net liquidity rose by 40.6 per cent to 2.278 billion euros. Investments reached 362 million euros (January to September 2013: 458 million euros).

"ŠKODA is experiencing profitable growth," says ŠKODA member of the Board of Management for Commercial Affairs Winfried Krause. "The growth of both operating profit and net liquidity is proof of our financial solidity and strength. In light of high demands from the markets, cost discipline remains our top priority," says Krause.


ŠKODA AUTO Group operating figures as of 30 September 2014:

??January – September 2014?January – September 20132014/2013 Changes
    in %
?Deliveries to customers vehicles ?774,100 ?685,000 ?+13.0
Deliveries to customers, excluding China vehicles ?575,800 ?507,300 ?+13.5
Production vehicles ?574,300 ?472,100 ?+21.7
Sales vehicles ?612,100 ?524,400 ?+16.7
Sales revenue ?million EUR ?8,784 ?7,365 ?+19.3
Operating profit million EUR ?651 ?371 ?+75.5
Operating profit in % of sales revenue ?% ?7.4 ?5.0 -
Investments (w/o capitalized development costs) million EUR ?362 458? ?-21.0
Net liquidity ?million EUR ?2,278 ?1,620 ?+40.6

 

 

Original source: Skoda