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26/03/2010
Škoda Auto Posts Record Sales
Despite very difficult market conditions, Škoda Auto was one of the few car manufacturers to achieve record sales in 2009. Overall it supplied its customers with 684,226 cars, 1.4% more than in 2008.
Strong growth in the Chinese car market, where 122,556 cars were sold (up 106.7% year-on-year) was primarily behind the increase in deliveries. This was enhanced by a sales record on the German market, in which Škoda Auto, thanks to the government “scprappage program”, sold 162,328 cars ( +44.3%).
The best-selling models were the Octavia with 273,590 cars sold (+2.4%) and the Fabia with 264,173 units (+7.1%). The Superb posted the largest percentage increase in comparison with the previous year, with 44,548 cars sold, an increase of 73.7%.
Sales of the first Škoda in the SUV segment – the Yeti – got off to a great start: from its introduction last September, until the end of the year a total of 11,018 Yetis were sold.
The financial results posted by the Škoda Auto group were significantly influenced by the continuing global economic and financial crisis and the resulting fall in total markets.
The Group’s revenues reached CZK 187.9bn (around £6.6bn) and therefore fell by 6.2% in comparison with the previous year. The revenues were generated by cars (85.6%), original parts and accessories (8.1%), deliveries of parts to Volkswagen group companies (4.6%) and revenues on other goods and services (1.7%). The operating profit was CZK 5.9bn (-56.5%) and the profit before tax was CZK 4.7bn (-64.8%).
In terms of sales relevant to the operating profit (i.e. excluding deliveries to China), the figure fell in comparison with the previous year by 74,000 cars or 11.8%.
The fall in the main financial indicators was, in addition to lower sales, also caused by a higher share of sales of small cars with lower margins, as well as measures implemented to support sales.
Despite the fall in results, the Group achieved an increase in operating cash flow of more than 100%. Net liquidity experienced a marked increase and, in comparison with 2008, rising by 52.4% to CZK 29.6 bn. Škoda’s investment totalled CZK 11.7 bn (-19.5%), most of which was centered on product investments (Škoda Yeti and Škoda Superb Combi).
Škoda Auto remains the most important exporter from the Czech Republic with approximately a 7% share in the country’s total exports.
(PR)
Strong growth in the Chinese car market, where 122,556 cars were sold (up 106.7% year-on-year) was primarily behind the increase in deliveries. This was enhanced by a sales record on the German market, in which Škoda Auto, thanks to the government “scprappage program”, sold 162,328 cars ( +44.3%).
The best-selling models were the Octavia with 273,590 cars sold (+2.4%) and the Fabia with 264,173 units (+7.1%). The Superb posted the largest percentage increase in comparison with the previous year, with 44,548 cars sold, an increase of 73.7%.
Sales of the first Škoda in the SUV segment – the Yeti – got off to a great start: from its introduction last September, until the end of the year a total of 11,018 Yetis were sold.
The financial results posted by the Škoda Auto group were significantly influenced by the continuing global economic and financial crisis and the resulting fall in total markets.
The Group’s revenues reached CZK 187.9bn (around £6.6bn) and therefore fell by 6.2% in comparison with the previous year. The revenues were generated by cars (85.6%), original parts and accessories (8.1%), deliveries of parts to Volkswagen group companies (4.6%) and revenues on other goods and services (1.7%). The operating profit was CZK 5.9bn (-56.5%) and the profit before tax was CZK 4.7bn (-64.8%).
In terms of sales relevant to the operating profit (i.e. excluding deliveries to China), the figure fell in comparison with the previous year by 74,000 cars or 11.8%.
The fall in the main financial indicators was, in addition to lower sales, also caused by a higher share of sales of small cars with lower margins, as well as measures implemented to support sales.
Despite the fall in results, the Group achieved an increase in operating cash flow of more than 100%. Net liquidity experienced a marked increase and, in comparison with 2008, rising by 52.4% to CZK 29.6 bn. Škoda’s investment totalled CZK 11.7 bn (-19.5%), most of which was centered on product investments (Škoda Yeti and Škoda Superb Combi).
Škoda Auto remains the most important exporter from the Czech Republic with approximately a 7% share in the country’s total exports.
(PR)
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20 January 2010
Škoda Sales 'Defy Recession'
ŠkodaAuto defied the market downturn by increasing its overall worldwide sales last year, bettering its previous sales record. In total, Škoda sold 684,226 cars in 2009, up 1.4% on the previous year. Western Europe continues to be Škoda's strongest market, with both sales and market shares increased throughout the continent.
Škoda Sales 'Defy Recession'
ŠkodaAuto defied the market downturn by increasing its overall worldwide sales last year, bettering its previous sales record. In total, Škoda sold 684,226 cars in 2009, up 1.4% on the previous year. Western Europe continues to be Škoda's strongest market, with both sales and market shares increased throughout the continent.
30 April 2010
Skoda Start Production Of New Fabia
Škoda Auto Russia announced it has begun full-cycle production of the new Škoda Fabia at the Russian launch of the car on April 28 at its Kaluga factory. The Škoda Fabia has become the second model in the Škoda range to be produced in full-cycle at the factory, which includes welding, painting and assembly.
Skoda Start Production Of New Fabia
Škoda Auto Russia announced it has begun full-cycle production of the new Škoda Fabia at the Russian launch of the car on April 28 at its Kaluga factory. The Škoda Fabia has become the second model in the Škoda range to be produced in full-cycle at the factory, which includes welding, painting and assembly.
16 December 2009
Motor Finance Growth Cautiously Welcomed
New motor finance statistics have shown a strong demand from consumers for new cars, according to Finance & Leasing Association (FLA). But motor finance providers have remained cautious about the prospects for 2010 as the UK slowly recovers from recession.
Motor Finance Growth Cautiously Welcomed
New motor finance statistics have shown a strong demand from consumers for new cars, according to Finance & Leasing Association (FLA). But motor finance providers have remained cautious about the prospects for 2010 as the UK slowly recovers from recession.
15 April 2010
Octavia Wins 'Best Family Car'
Škoda’s increasing number of happy drivers has voted the brand Best Manufacturer in the Auto Express Driver Power Survey – for the second year running. Furthermore, the Škoda Octavia won the hotly-contested Best Family Car category.
Octavia Wins 'Best Family Car'
Škoda’s increasing number of happy drivers has voted the brand Best Manufacturer in the Auto Express Driver Power Survey – for the second year running. Furthermore, the Škoda Octavia won the hotly-contested Best Family Car category.
04 March 2010
Scrappage Strengthens Car Sales
New car sales for February 2010 announced today, show that new cars sold in the month were 26.4% up on February 2009, the eighth consecutive monthly increase. Latest Government figures show that 367,506 new vehicles have been ordered through the scrappage scheme since it went live. Over 19% of February sales were part of the scrappage scheme.
Scrappage Strengthens Car Sales
New car sales for February 2010 announced today, show that new cars sold in the month were 26.4% up on February 2009, the eighth consecutive monthly increase. Latest Government figures show that 367,506 new vehicles have been ordered through the scrappage scheme since it went live. Over 19% of February sales were part of the scrappage scheme.
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