ŠKODA AUTO increased its sales revenue in the first quarter of the year by 8.2% to 4.92 billion euros. Operating profit remains high at 410 million euros, as does the operating return on sales of 8.3%. Investments in tangible assets increased by 74.3% compared to the same period of the previous year – ŠKODA AUTO is investing heavily and expanding its capacity in component manufacturing for electric vehicles.
Klaus-Dieter Schürmann, ŠKODA AUTO Board Member for Finance and IT, says: “Despite the demanding and challenging market environment, we achieved a sound result in the first quarter of 2019. The slight decline in operating profit is mainly due to negative exchange rate effects and higher upfront costs for new products and future technologies. By contrast, volume increases in Europe and price measures through our active sales management and cost optimisation measures had a positive effect.”
The car manufacturer delivered 307,600 vehicles to customers in the first three months of the year, slightly below the previous year’s level (January to March 2018: 316,700 vehicles, -2.9%). The ŠKODA OCTAVIA remains the brand’s bestseller (January to March 2019: 92,500 vehicles), and the KAROQ continues to be an important growth driver: in the first quarter of the year, ŠKODA delivered 35,800 of the compact SUV – more than twice as many as in the same period last year.
ŠKODA AUTO is diversifying for the future
Through Strategy 2025, ŠKODA AUTO has defined clear guidelines to transform the far-reaching change in the automotive industry – specifically regarding electromobility and connectivity – into further growth. Other key areas of action include digitising products and processes, entering new markets, and expanding the traditional car manufacturing business to include a variety of mobility services. ŠKODA AUTO intends to grow in two dimensions – firstly by continuing to increase vehicle sales and secondly by developing new business areas such as digital mobility services.
* The ŠKODA AUTO Group comprises ŠKODA AUTO a.s, ŠKODA AUTO Slovensko s.r.o., ŠKODA AUTO Deutschland GmbH, SKODA 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 profits of OOO VOLKSWAGEN Group RUS.
** Percentage deviations are calculated from non-rounded figures
*** Comprises the production of the ŠKODA Group, excluding production in partner assembly plants China, Slovakia, Russia and Germany (and till 31.12.2018 India), but including other Volkswagen Group brands such as SEAT, VW and AUDI; vehicle production excluding part/complete kits.
**** Comprises sales of the ŠKODA AUTO Group to sales companies and includes other Volkswagen Group brands, such as SEAT, VW, AUDI, PORSCHE and LAMBORGHINI; vehicle sales excluding part/complete kits.
11 March 2019 - ŠKODA AUTO delivered 307,600 vehicles worldwide in the first quarter of the year. The Czech carmaker’s deliveries are slightly below the previous year’s level (January to March 2018: 316,700 vehicles, -2.9%). However, the company increased its global market share by 3.3% over the same period. In the first three months of the year, ŠKODA recorded particularly strong growth in Western Europe (137,900 vehicles, +5.8%), Eastern Europe (11,000 vehicles, +12.5%) and Russia (18,400 vehicles, +9.1%). The manufacturer delivered 114,200 vehicles to customers in March (March 2018: 120,200 vehicles, -5.0%). The ongoing decline in the overall car market in China continued to affect the Czech carmaker’s global deliveries in March. ŠKODA expects the newly developed compact model SCALA to provide strong impetus, with the first units being delivered to customers this month.
Alain Favey, ŠKODA AUTO Board Member for Sales and Marketing, explains: “Against the background of the anticipated challenges in key growth markets, our global market share remained stable in the first quarter. This promising start to the year is proof that our attractive model range has been well received worldwide. We are particularly proud of our new ŠKODA SCALA compact model, which will be launched in the first markets this month.”
In Western Europe, ŠKODA increased its deliveries in March by 4.4% to 55,700 vehicles (March 2018: 53,400 vehicles). In the first three months of the year, the company increased its deliveries to customers in this region to a total of 137,900 vehicles – growth of 5.8% over the same period of the previous year (January to March 2018: 130,300). In March, Germany remained the brand’s second largest individual market with 17,700 deliveries to customers. Despite an overall decline in the market, ŠKODA grew by 3.6% compared to the previous year (March 2018: 17,100 vehicles). In the first quarter of the year, ŠKODA increased its deliveries in Germany by 7.5% year-on-year to 48,000 vehicles (first quarter of 2018: 44,600 vehicles). From January to March, the manufacturer recorded double-digit growth in France (8,400 vehicles, +12.4%), Switzerland (6,100 vehicles, +40.8%), the Netherlands (5,200 vehicles, +16.7%), Denmark (4,800 vehicles, +38.8%) and Portugal (400 vehicles, +12.4%).
In Central Europe, ŠKODA delivered 18,500 vehicles to customers in March (March 2018: 19,800 vehicles, -6.6%). In the first quarter of this year, the car manufacturer delivered a total of 52,300 vehicles to customers (January to March 2018: 56,900 vehicles, -8.1%). The overall car market is also declining in this region. In March, ŠKODA delivered 8,000 vehicles on the Czech domestic market. (March 2018: 8,500 vehicles, -5.7%). In the first three months of the year, the manufacturer achieved 22,000 deliveries (first quarter of 2018: 25,400 vehicles, -13.4%). Contrary to the trend, ŠKODA posted double-digit growth in Slovenia where the car manufacturer delivered 2,300 vehicles to customers between January and March (first quarter of 2018: 2,000 vehicles, +14.0%).
In Eastern Europe excluding Russia, ŠKODA recorded 4,500 deliveries in March (March 2018: 3,900 vehicles, +14.4%). With 11,000 deliveries in the first quarter of the year, ŠKODA achieved an increase of 12.5% compared to the same period last year (January to March 2018: 9,800 vehicles). ŠKODA posted double-digit growth in Serbia (1,900 vehicles, +22.6%), Ukraine (1,600 vehicles, +45.9%), Bulgaria (1,100 vehicles, +21.5%) and Kazakhstan (200 vehicles, +164.2%).
In Russia, ŠKODA significantly increased its deliveries in March compared to the same period last year, achieving an increase of 7.3% with 7,000 vehicles delivered (March 2018: 6,500 vehicles). In the first quarter of the year, the car manufacturer delivered 18,400 vehicles and achieved an increase of 9.1% compared to the same period last year (first quarter of 2018: 16,900 vehicles).
In March, ŠKODA delivered 20,500 vehicles in China, its largest single market (March 2018: 28,100 vehicles, -27.0%). In the first quarter, the manufacturer recorded a total of 64,300 deliveries to customers (January to March 2018: 79,200 vehicles, -18.8%).
In India, ŠKODA AUTO delivered 1,500 vehicles in March, a decrease of 3.0% compared to the same period of the previous year (March 2018: 1,500 vehicles). In the first quarter of the year, the Czech carmaker recorded a slight decline of 7.8% compared to the same period last year, with 3,900 deliveries (first quarter of 2018: 4,200 vehicles).
ŠKODA AUTO deliveries in the first quarter of 2019
(in units, rounded off, listed by model; +/- in percent compared to February 2018):
ŠKODA OCTAVIA (92,500; -12.5 %)
ŠKODA FABIA (49,100; -10.1 %)
ŠKODA RAPID (42,300; -13.8 %)
ŠKODA KAROQ (35,800; 109.0 %)
ŠKODA KODIAQ (35,700; -6.1 %)
ŠKODA SUPERB (28,200; -24.8 %)
ŠKODA KAMIQ (only sold in China: 12,300; -)
ŠKODA CITIGO (only sold in Europe: 11,300; +15.5 %)
ŠKODA AUTO deliveries in March 2019
(in units, rounded off, listed by model; +/- in percent compared to March 2018):
ŠKODA OCTAVIA (34,100; -10.8 %)
ŠKODA FABIA (20,500; -3.9 %)
ŠKODA RAPID (13,500; -25.8 %)
ŠKODA KAROQ (13,700; +59.3 %)
ŠKODA KODIAQ (13,100; -8.2 %)
ŠKODA SUPERB (10,600; -23.4 %)
ŠKODA KAMIQ (only sold in China: 3,300; –)
ŠKODA CITIGO (only sold in Europe: 5,000; +20.4 %)