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



Change in %

Deliveries to customers

no. of cars




Deliveries to customers excluding China

no. of cars





no. of cars





no. of cars




Sales revenue

million EUR




Operating profit

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Return on sales





Net cash flow

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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. Sales and adjusted operating result reached respectively EUR 3.4 billion and EUR 113.0 million in 2018.


Belron (54.10% owned) has a clear purpose: “making a difference by solving people’s problems with real care”. It is the worldwide leader in vehicle glass repair and replacement and operates in 35 countries, through wholly owned businesses and franchises, with market leading brands – including Carglass®, Safelite® and Autoglass®. In addition, Belron manages vehicle glass and other insurance claims on behalf of insurance customers. It has also expanded its services into the automotive damage and home damage repair and replacement markets. Sales and adjusted operating result reached respectively EUR 3.8 billion and EUR 225.7 million in FY 2018.


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 174.1 million and EUR 28.6 million in FY 2018.

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