View Full Version : Škoda Auto's Success Story Continues

28-07-2007, 05:53 PM

The Škoda Auto Group has achieved a pre tax-profit of CZK 10 billion over the first six months of this year, which is a 22.1% year-on-year increase. The assembly plants have produced altogether 318,189 Škoda vehicles since the beginning of the year. Compared with the same period of 2006, the Company has increased the volume by 26,408 vehicles (+9.1 %).
The successful launch of the Škoda Roomster in all relevant markets has helped significantly to increase the Company's sales. Another aspect that has contributed to the good results of the first half of the year is growing demand for the Škoda Octavia. The sales of Škoda Superb were comparable with last year. The general demand for Škoda vehicles has also been stimulated by launching the second-generation Fabia.
Growing by 13.2% as compared to the same period of last year, the worldwide deliveries to customers have been showing a very positive trend over the first half of 2007. In total, the Company has delivered 311,062 Škoda vehicles to its customers.
The Group's revenues over the first six months of 2007 totalled CZK 113.5 billion, which is an increase by 8.7%, almost identical with that in the sales volume. Holger Kintscher, Škoda Auto BOD Member, comments: “We see this achievement as proof that our model-and-site strategy is good. In particular, we are happy about improving the Škoda Group's financial result again. One of the factors behind this success is consistent monitoring of our costs.“
Škoda Auto has invested altogether CZK 2.4 billion in tangible assets since the beginning of the year.
The largest portion of the amount accounts for product investments (CZK 1.6 billion). In addition to that, CZK 460 million have been invested in production plant renovations and new infrastructures.