ŠKODA AUTO’s deliveries, sales revenue and operating profit increase significantly in first three quarters of 2017

ŠKODA AUTO’s deliveries, sales revenue and operating profit increase significantly in first three quarters of 2017

 

› Deliveries in the first nine months of the year increased by 3.6 percent to 871,100 vehicles

› ŠKODA AUTO improves sales revenue by 22.0 percent compared to the three quarters of 2016 to 12.3 billion euros

› Operating profit climbed by 28.3 percent to EUR 1.2 billion at the end of September

› Extensively revised model range and excellent launch of the ŠKODA KODIAQ reinforce the growth

 

Mladá Boleslav, 30 October 2017 – ŠKODA AUTO’s success story continues with the brand once again recording profitable growth. In the first three quarters of the year, the Czech car manufacturer increased its global deliveries to customers by 3.6 percent compared to the same period in 2016 to 871,100 vehicles. Sales revenue rose by 22.0 percent compared to the first nine months of the previous year to 12.3 billion euros. ŠKODA AUTO posted a significant increase of 28.3 percent on the previous year’s operating profit. Both the extensive revisions to the model range and the large SUV ŠKODA KODIAQ’s very successful sales launch are the main drivers of this positive development.

"The significant increases in sales and profit in the first three quarters of the year demonstrate that we have devised an effective strategy," says ŠKODA AUTO CEO Bernhard Maier. "The full potential of our SUV campaign is now unfolding. The KODIAQ has been very well received by our customers. Now, we are launching the little brother – the ŠKODA KAROQ."

Demand for the ŠKODA KODIAQ on the global markets has been high since its launch in February 2017, and by the end of September, 61,600 vehicles had already been delivered. With the brand’s first large SUV, ŠKODA is conquering new customer groups. The next stage of the SUV campaign is the compact ŠKODA KAROQ, which has been available in the first markets since October.

In the first nine months of 2017, the automobile manufacturer’s sales revenue rose by 22.0 percent to 12.3 billion euros (January to September 2016: 10.1 billion euros). ŠKODA AUTO also achieved significant double-digit growth in operating profit, which increased by 28.3 percent to 1.2 billion euros (January to September 2016: 940 million euros).

ŠKODA AUTO once again surpassed the previous year's return on sales, which stood at 9.8 percent at the end of September 2017 (January to September 2016: 9.3 percent).

"With these excellent results, ŠKODA AUTO proves its financial strength and profitability," says ŠKODA AUTO Board Member for Finance Klaus-Dieter Schürmann. "The new ŠKODA KODIAQ contributed significantly to the improvement in earnings. The continually increasing profitability is largely attributable to positive volume and mix effects."

ŠKODA AUTO’s earnings strength provides a reliable financial basis for the further development of the company and brand. The core areas of this development are defined in Strategy 2025, which lays out the brand’s electromobility plans and its entry into new digital business fields, as well as the continuation of the model and SUV campaigns.

ŠKODA AUTO Group – Key figures for January to September 2017* Units

2017

2016

Change in %

Deliveries to customers

no. of cars

871,100

840,900

3.6

Deliveries to customers excluding China

no. of cars

658,500

615,700

7.0

Production**

no. of cars

648,500

573,800

13.0

Sales***

no. of cars

699,600

605,800

15.5

Sales revenue

million EUR

12,338

10,113

22.0

Operating profit

million EUR

1,206

940

28.3

Return on sales

percent

9,8

9,3

-

Net cash flow

million EUR

1,690

928

82.1

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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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