ŠKODA Sales Results

Operating profit and sales revenue increase

Operating profit and sales revenue increase

26. 7. 2019

Sales revenue increases by 10.8% to 10.154 billion euros by end of June compared to same period last year, with return on sales reaching 8.1%.

ŠKODA AUTO on course for further growth: between January and June, the company’s sales revenue increased by 10.8% to 10.154 billion euros, while operating profit increased by 0.3% to 824 million euros in the same period. Return on sales remained at a high level in the first half of the year at 8.1%. ŠKODA AUTO invested heavily in the company’s future during the reporting period, increasing expenditure for research and development and investments in tangible assets (+33.8%). These funds are going towards new products, drive and battery technologies as well as further site development.

Bernhard Maier, ŠKODA AUTO CEO, says: “ŠKODA can look back on a solid first half-year, and the company remains on track. Our new compact SCALA and KAMIQ models have made a strong start in the market and have been very well received by our customers around the world. We anticipate some headwinds, however, due to the ongoing uncertaintieson the global markets. We expect growth impetus from the recently upgraded SUPERB and the new SUPERB SCOUT.”

The manufacturer delivered 620,900 vehicles worldwide in the first half of the year, below the record result of the previous year (January to June 2018: 652,700 vehicles, -4.9%). The main reason for this is the current situation in the Chinese car market. In the rest of the world, deliveries to customers increased by 1.6% to 495,000 vehicles in the first six months of the year (first half of 2018: 487,200 vehicles).

In the first six months of 2019, sales increased to 559,900 vehicles (+9.6%), with sales revenue rising to 10.154 billion euros (+10.8%). The increase in sales and a part of the increase in sales revenue are attributable to the recent consolidation of other Group Brands’ Indian business following ŠKODA’s assumption of responsibility for the region. This has also had a significant impact on the return on sales compared to the previous year.

Klaus-Dieter Schürmann, ŠKODA AUTO Board Member for Finance and IT, explains: “Despite the increasingly challenging environment with markets currently in decline, we gained market shares in Europe and overseas in the first half of 2019 and achieved a very good operating profit of 824 million euros, which is slightly above last year’s level. Our active sales management with volume and mix improvements, as well as the first effects of our extensive performance programme, have paid off. Offsetting these factors were negative exchange rate developments and the intermediate need for higher spending, particularly in light of the switch to the new WLTP standard.”

In mid-May, ŠKODA introduced its new e-mobility sub-brand iV in the Slovakian capital of Bratislava alongside the upgraded SUPERB and the new SUPERB SCOUT. In addition, the manufacturer showed the first two electric series models in the company’s history, the CITIGOeiV and the SUPERB iV. This marks ŠKODA’s official entry into the era of electromobility. By 2022, the car manufacturer will have brought out 30 new models – including more than ten electric vehicles.

ŠKODA AUTO Group* – Key figures in the first half of the year 2019/2018**

* The ŠKODA AUTO Group comprises ŠKODA AUTO a.s, ŠKODA AUTO Slovensko s.r.o., ŠKODA AUTO Deutschland GmbH, ŠKODA AUTO India Pvt. Ltd., Volkswagen India Pvt. Ltd. (since 1.1.2019), Volkswagen Group Sales India Pvt. Ltd. (since 1.1.2019) and a share in the company OOO VOLKSWAGEN Group RUS.

** Percentage deviations are calculated from non-rounded figures.

*** includes production in the ŠKODA AUTO Group, excluding production at partner assembly plants in China, Slovakia, Russia and Germany, but includes other Group brands such as SEAT, VW and AUDI; vehicle production excluding part/complete kits

**** includes ŠKODA AUTO Group sales to distribution companies, including other Group brands such as SEAT, VW, AUDI, PORSCHE and LAMBORGHINI; vehicle sales excluding part/complete kits

ŠKODA delivers 620,900 vehicles in first half of 2019

ŠKODA delivered 620,900 vehicles to customers worldwide in the first half of 2019, meaning the car manufacturer is down 4.9% on last year’s level (January to June 2018: 652,700 vehicles). The main reason for this development is the current difficult situation in the Chinese car market. In other international markets, ŠKODA delivered 495,000 vehicles in the first six months of the year, increasing deliveries to customers in these regions by 1.6%. In June, the company recorded 112,500 deliveries, with significant increases especially in Europe. The compact SUV ŠKODA KAROQ was a growth driver in the first half of the year. Most recently, the new ŠKODA SCALA was successfully launched in the markets.

Alain Favey, ŠKODA AUTO Board Member for Sales and Marketing, emphasises: “The deliveries in the first half of the year show that our product campaign is showing its full strength around the world. In Europe and Russia, in particular, we were once again able to make significant increases. Chinese market remains challenging. Despite uncertainties in the world markets we will continue on our growth course as planned in the second half of the year. Our new compact models SCALA and KAMIQ have been very well received by customers. The recently upgraded SUPERB and the new SUPERB SCOUT will also provide stimulus for further growth.”

In Western Europe, ŠKODA delivered 275,700 vehicles to customers in the first half of the year, an increase of 3.2% over the same period last year (January to June 2018: 267,100 vehicles). In June, the car manufacturer grew slightly, delivering 49,700 vehicles (June 2018: 49,400 vehicles, +0.5%). In its second-strongest single market, Germany, the manufacturer delivered a total of 99,000 vehicles in the first six months of the year, exceeding the previous year’s result by 6.5% (first half of 2018: 93,000 vehicles). In June, the car manufacturer grew by 9.7% to 19,300 vehicles (June 2018: 17,600 vehicles). In the first half of the year, ŠKODA achieved double-digit growth in Austria (15,600 vehicles, +10.1%), Switzerland (11,800 vehicles, +28.9%) and Denmark (9,000 vehicles, +22.8%).

In Central Europe, the car manufacturer delivered 110,400 vehicles in the first six months (January to June 2018: 115,000 cars, -4.0%); in June ŠKODA delivered 19,300 vehicles to customers (June 2018: 20,800 vehicles, -6.9%). Deliveries in the Czech domestic market totalled 48,000 vehicles in the first half of the year (first half of 2018: 52,000 cars; -7.6%); in this region, ŠKODA delivered 8,500 vehicles in June (June 2018: 9,400 cars, -8.8%). ŠKODA achieved significant growth in Slovenia: Delivering 4,300 vehicles to customers, the manufacturer recorded an increase of 6.1% compared to the same period last year (first half of 2018: 4,100 vehicles).

In Eastern Europe excluding Russia, ŠKODA increased its deliveries in the first half of the year by 8.3% to 24,500 vehicles (January to June 2018: 22,600 vehicles). In June, deliveries increased by 8.3% to 4,700 vehicles compared to the previous year (June 2018: 4,300 deliveries). Deliveries in the first half of the year increased by double digits in Serbia (4,000 vehicles, + 13.2%) and Bulgaria (2,600 vehicles, + 27.2%), while ŠKODA more than doubled its deliveries year-on-year in Kazakhstan (500 vehicles; +133.5%).

In Russia, the car manufacturer achieved growth of 9.6% with 39,800 deliveries in the first six months of the year (first half of 2018: 36,300 vehicles). In this region, ŠKODA delivered 7,100 vehicles in June (June 2018: 7,100 cars, -1.3%).

In the brand’s largest single market, China, ŠKODA delivered 125,900 vehicles (January to June 2018: 165,500 deliveries, - 23.9%). 23,900 deliveries in June represents a decrease of 13.1% compared to last year (June 2018: 27,500 vehicles). This means that ŠKODA’s deliveries so far this year reflect the current trend in the Chinese car market as a whole.

In India, ŠKODA delivered 7,200 vehicles between January and June, representing a decrease of 13.9% compared to the same period last year (first half of 2018: 8,400 vehicles); in June, ŠKODA recorded 1,200 deliveries, 15.5% below the previous year’s level (June 2018: 1,400 vehicles).

ŠKODA AUTO deliveries in the first half of 2019
(in units, rounded off, listed by model; +/- in per cent compared to the first half of 2018):

ŠKODA OCTAVIA (185,700; -11.9 %)
ŠKODA FABIA (97,400; -7.5 %)
ŠKODA RAPID (77,700; -23.4 %)
ŠKODA KODIAQ (77,800; -0.2 %)
ŠKODA KAROQ (73,700; +47.2 %)
ŠKODA SUPERB (56,800; -23.3 %)
ŠKODA CITIGO (only sold in Europe: 23,000; +9.2 %)
ŠKODA KAMIQ (only sold in China: 21,400; >500 %)
ŠKODA SCALA (7,400; –)

ŠKODA AUTO deliveries in June 2019
(in units, rounded off, listed by model; +/- in per cent compared to June 2018):

ŠKODA OCTAVIA (32,900; -11.4 %)
ŠKODA FABIA (17,800; +1.9 %)
ŠKODA RAPID (11,100; -34.5 %)
ŠKODA KODIAQ (16,200; +21.3 %)
ŠKODA KAROQ (13,600; +9.0 %)
ŠKODA SUPERB (9,700; -22.4 %)
ŠKODA CITIGO (only sold in Europe: 4,500; +9.7 %)
ŠKODA KAMIQ (only sold in China: 3,400; >500 %)
ŠKODA SCALA (3,200; –)

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