ŠKODA achieves significant growth in deliveries, sales and operating profit in first three quarters of 2016

ŠKODA achieves significant growth in deliveries, sales and operating profit in first three quarters of 2016

›ŠKODA’s deliveries in the first nine months of the year increase by 6.2% to 840,900 vehicles

›Traditional Czech brand achieves 9.0% increase in sales revenue to 10.1 billion euros

›Operating profit increases by 28.1% to 940 million euros

Mladá Boleslav, 28 October 2016 – ŠKODA continues on course to success: The Czech automaker continues to grow profitably. Compared to the same period last year, deliveries to customers rose by 6.2% to 840,900 vehicles worldwide in the first three quarters of 2016. Sales revenue in the same period rose by 9.0% to 10.1 billion euros. ŠKODA recorded a significant increase of 28.1% on the previous year’s operating profit.


“The investments into ŠKODA's model campaign are paying off. In the current year, sales and earnings are exceeding our plans,” says ŠKODA CEO Bernhard Maier.

“The pleasing sales and financial figures provide a solid foundation for further profitable and sustainable growth. We also expect further positive impulses from the brand’s SUV campaign, which is now starting with the new ŠKODA KODIAQ.”


In the first nine months of 2016, the automotive manufacturer’s sales revenue rose by 9.0% to 10.1 billion euros (January to September 2015: 9.3 billion euros). ŠKODA also achieved significant double-digit increases in operating profit, which increased by 28.1% to 940 million euros (January to September 2015: 734 million euros).


At the end of September 2016, the operating margin was 9.3% - again, ŠKODA surpassed the previous year’s figure of 7.9%. Net liquidity grew by 6.6% to 3.2 billion euros, with a simultaneous increase in capital investments amounting to 346 million euros (January to September 2015: 277 million euros).


“ŠKODA has grown profitably in the third quarter of this year,” says ŠKODA's CFO Klaus-Dieter Schürmann, adding, “The improvement in earnings was mainly due to increased vehicle sales, a better mix of models, as well as optimized material costs.”


These positive results once again underline ŠKODA’s financial soundness and strength and at the same time provide the financial basis for the continuation of the largest model campaign in the company’s history to date. The brand’s new large SUV model ŠKODA KODIAQ celebrated its exhibition debut at the Motor Show in Paris in September and will be successively introduced on the international markets from February 2017.

ŠKODA AUTO Group figures between January and September 2016:






January – September









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Deliveries to customers (DTC)








DTC without China
























Sales revenue








Operating profit








Operating profit as % of sales revenue








Investments (w/o capitalized development costs)


Mio. EUR






Net liquidity


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Group profile

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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