In the first half of 2017, ŠKODA AUTO increases deliveries, sales revenue and operating profit

In the first half of 2017, ŠKODA AUTO increases deliveries, sales revenue and operating profit

  • Record deliveries: 585,000 vehicles; increase of 2.8%
  • As at end of June, sales revenue rises by 22.6% to 8.720 billion euros
  • Operating profit: 860 million euros; increase of 25.5%

Mladá Boleslav, 28 July 2017 – ŠKODA AUTO continues its success. In the first half of 2017, the Czech car manufacturer increased its deliveries, sales revenue and operating profit. From January to June, deliveries to customers rose by 2.8% to the new record of 585,000 vehicles. Sales revenue grew by 22.6% to 8.720 billion euros, surpassing the 8-billion-euro mark for the first time in the first half of any year. Compared to the same period last year, operating profit increased by 25.5% to 860 million euros.

 

“ŠKODA AUTO also grew strongly in the first half of 2017,” said ŠKODA AUTO CEO Bernhard Maier. “Our fresh and attractive model range that we extended in February with an important component, the ŠKODA KODIAQ, is extremely well-received by the customers. Committed demand remains good ensuring factories work at full capacity and we are therefore optimistic looking ahead to the second half of the year. In the fourth quarter, we will further boost growth with the market launch of the new ŠKODA KAROQ compact SUV,” said Bernhard Maier.

 

ŠKODA AUTO’s sales revenues increased by 22.6% to 8.720 billion euros in the first half of the year (first half of 2016: 7.114 billion euros). In the same period, operating profit recorded a significant increase of 25.5% to 860 million euros (first half of 2016: 685 million euros). The return on sales was 9.9%, up from 9.6% in the first half of 2016. Net cash flow reached 1.159 billion euros (first half of 2016: 583 million euros).

 

“The demanding market environment is a big challenge for the entire industry,” said ŠKODA AUTO Board Member for Finance Klaus-Dieter Schürmann. “With very good results, ŠKODA AUTO proves its financial strength and yield security. Favourable volume and mix effects were important factors for ŠKODA’s further improved profitability. Exchange rates which developed to our advantage also contributed to this year’s strong interim results,” added Schürmann.

 

As part of the ŠKODA Strategy 2025, the brand will be vigorously pressing ahead with the expansion of its model range in the coming years. The primary focus will be on expanding the SUV portfolio. With a total of 27,100 deliveries since February, the new ŠKODA KODIAQ SUV has had a successful start in the markets worldwide. With the introduction of the ŠKODA KAROQ, the company is now setting the next milestone. The new compact SUV celebrated its world premiere on 18 May in Stockholm.

ŠKODA AUTO Group – Key figures for the first half of 2017/2016*

 

 

Units

 

2017

2016

Changes in %

 

 

 

 

 

 

 

Deliveries to customers

 

no. of cars

 

585,000

569,400

2.8

Deliveries to customers

excluding China

 

no. of cars

 

451,000

423,600

6.5

Production**

 

no. of cars

 

464,900

410,000

13.4

Sales***

 

no. of cars

 

500,500

431,300

16.0

Sales revenue

 

million EUR

 

8,720

7,114

22.6

Operating profit

 

million EUR

 

860

685

25.5

Return on sales

 

%

 

9.9

9.6

-

Net cash flow

 

million EUR

 

1,159

583

98.8

 

* Percentage deviations are calculated from non-rounded figures

** Comprises the production of the ŠKODA brand, excluding production in China, Slovakia, Russia and India, but including other Group brands such as SEAT, Audi and VW; vehicle production excluding part/complete kits

*** Comprises sales of the ŠKODA brand to sales companies and includes other Group brands, such as SEAT, Audi and VW; vehicle sales excluding part/complete kits

 

 

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In existence since 1805, and across family generations, D’Ieteren seeks growth and value creation by pursuing a strategy on the long term for its businesses and actively encouraging and supporting them to develop their position in their industry or in their geographies. The group has currently three activities articulated around strong brands:

  • D'Ieteren Auto distributes Volkswagen, Audi, SEAT, ŠKODA, Bentley, Lamborghini, Bugatti, Porsche and Yamaha vehicles in Belgium. It is the country's number one car distributor, with a market share of around 21% and 1.2 million vehicles on the road at the end of 2017. Sales and adjusted operating result reached respectively EUR 3.3 billion and EUR 85.9 million in FY 2017.

 

  • Belron (54.85% owned) makes a difference by solving people’s problems with real care. It is the worldwide leader in vehicle glass repair and replacement, trading under more than 10 major brands including Carglass®, Safelite® AutoGlass and Autoglass®. In addition, it manages vehicle glass and other insurance claims on behalf of insurance customers. Belron is also expanding its services to focus on solving problems for people who need assistance with repairs to their vehicles and homes. Sales and adjusted operating result reached respectively EUR 3.5 billion and EUR 189.8 million in FY 2017.

     

  • Moleskine (100% owned) is a premium and aspirational lifestyle brand which develops and sells iconic branded notebooks and writing, travel and reading accessories through a multichannel distribution strategy across more than 115 countries. Sales and operating result reached respectively EUR 155 million and EUR 25 million in FY 2017.

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