› Škoda Auto reports growth in all key financial figures in the first quarter of 2023
› Increase in operating profit to EUR 542 million (+60.8% on an annual basis)
› High return on sales of 8% (Q1 2022: 6.6%)
› 209,600 vehicles delivered to customers worldwide (+12.6%), including the large markets of Western and Southern Europe
› Deliveries of all-electric Enyaq models grow dramatically (+40.7%)
Škoda Auto picks up the pace: Recovering from parts shortages and a challenging environment over the past three years, the company achieved significant gains in all key financial figures in the first three months of 2023. Revenues rose by more than 30% year-on-year to €6.794 billion, while the operating profit increased by more than 60% to 542 million euros. Return on sales increased by 1.4 percentage points to a solid 8%. The company also reports a double-digit increase in vehicle deliveries to customers, with significant growth in key markets in Southern and Western Europe (UK +59.1%; Spain +92.5%; Italy +50.3%). The brand thus fulfills its goals within the “Next Level – Škoda Strategy 2030” strategy, which aims to strengthen the company’s position in Europe and increase its market share, especially in southern Europe. The mostly positive trend is the consequence of the stabilization of the supply of components and the reduction of production downtime. In terms of models, the Octavia is still the best seller, followed by the Kamiq and Kodiaq SUVs, while deliveries of the all-electric Enyaq family have also increased significantly.
“We had a great start to the year. In light of the improving but still challenging market environment, we are pleased with this positive trend. Our total profit increased by more than 60% to 542 million euros in the first three months of this year, which is a solid result. Consistent implementation of our Next Level Efficiency+ program along with price adjustments and product mix contributed to this success.” – Klaus Zellmer, CEO at Škoda Auto
“The fact that we are in a much better position to respond to the continued high demand for our vehicles is great news. In the first three months of this year, we managed to increase deliveries by 12.6% compared to the same period last year, which significantly shortened delivery times. This allowed us to maintain our position in our traditional markets and make significant gains, especially in Western Europe. With a 40.7% increase in deliveries, the success of the all-electric Enyaq family is exceptional.” – Martin Jahn, member of the Škoda Auto Management Board for sales and marketing
Škoda Auto is back on track: positive results in the first quarter of 2023.
After recent external influences that negatively affected the company’s financial results, Škoda Auto managed to reverse this trend and get back on track. The car manufacturer recorded an increase in sales revenue on an annual basis of over 30% to 6.794 billion euros and an increase in operating profit of more than 60% to 542 million euros. This positive result is largely due to improved parts supply and consistent implementation of the Next Level Efficiency+ program. Meanwhile, Škoda is gearing up for two big launches this year: the new-generation Superb, which will be presented in wagon and sedan versions, and the Kodiaq, which will continue to offer a seven-seat option.
Deliveries of the Škoda brand in the first quarter of 2023:
(in units, rounded, by model; +/- in % compared to the previous year):
Skoda Octavia (45,000; +16.1%)
Škoda Kamiq (32,300; +32.8%)
Skoda Kodiaq (26,500; +5.3%)
Škoda Karoq (25,500; +12.5%)
Škoda Fabia (25,500; +23.9%)
Škoda Superb (15,700; -5.2%)
Škoda Scala (14,100; +36.5%)
Skoda Enyaq iV (12,400; +40.7%)
Škoda Kushaq (6,200; -10.6%)
Škoda Slavia (4,500; +32.4%)
Škoda Rapid (1,600; -80.7%)
Source: AutoBlog by autoblog.rs.
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