Skoda Auto posts secure working revenue in first three quarters, main burden for the remainder of the yr

Mlada Bolesaw, 1 November 2021 – koda Auto delivered 700,700 automobiles to clients worldwide within the first 9 months of 2021 regardless of a scarcity of semiconductors (2.9% in comparison with the identical interval final yr). Due to a powerful first half, koda Auto Group* was in a position to generate a complete working revenue of €900 million by the top of September. The gross sales income of koda Auto within the first three quarters of 2021 is €13.329 billion with a return on gross sales of 6.8%. A major discount in manufacturing as a consequence of chip shortages can have a big influence on the fourth quarter. The corporate is dealing with elevated price self-discipline and is launching a complete effectivity programme.

“For the reason that third quarter, restricted availability of components as a consequence of semiconductor shortages and constraints in automotive provide chains has been a bitter blow to koda Auto’s sturdy progress path. Regardless of the excessive demand and excessive order backlog for our profitable merchandise, We’ve got needed to minimize our manufacturing. Towards this background, nevertheless, now we have virtually doubled our working revenue within the first three quarters in comparison with the earlier yr, constantly managing the product combine and holding prices strictly regardless of decrease deliveries. Thanks to the Czech authorities, along with our social companions KOVO and the Volkswagen Group, we’re working tirelessly on measures to deal with the semiconductor disaster and defend long-term jobs at koda Auto and our suppliers. As well as We’ve got launched a complete effectivity program that goals to scale back the anticipated burden as a lot as doable.”

Christian Schenk, new member of the Skoda Auto Board for Finance and IT from 1 October 2021

“The demand for our automobiles stays excessive. Our all-electric ENYAQ iV, the brand new technology of FABIA and the facelift of KODIAQ have been extremely appreciated by our clients. Additionally, we strive our greatest to ship the automobiles to our clients on the earliest.”

Martin Jan, Skoda Auto Board Member for Gross sales and Advertising

As a result of scarcity of semiconductors, the Czech carmaker will considerably scale back its manufacturing within the coming weeks. In collaboration with its social associate KOVO and suppliers, Skoda Auto is working diligently to beat the present challenges. Securing workers’ jobs over the long run is and stays a prime precedence. This yr, the corporate expects that it will be unable to supply round 250,000 automobiles by the top of the yr, as their components are lacking. The corporate expects that the semiconductor provide scenario will stabilize once more from the fourth quarter of 2021 after which steadily lower within the second half of 2022.

Skoda Auto Group* – Quarterly Comparability of Key Knowledge, January to September 2021/2020**:

2021 2020 change in %
supply to clients automobiles 700,000 721,900 -2,9%
Supply Unique to clients. China automobiles 648,000 597,000 8,5%
Manufacturing*** automobiles 578,200 575,000 0,6%
gross sales **** automobiles 596,100 596,000 0,0%
Gross sales income million euros 13,329 12,038 10,7%
working revenue million euros 900 469 92%
return on gross sales , 6,8 3,9
investing in tangible belongings million euros 337 444 -24,1%
web money circulation million euros 321 458 -29,9%

* koda Auto Group contains koda Auto, resembling koda Auto Slovensco SRO, KODA AUTO Deutschland GmbH, KODA AUTO VOLKSWAGEN INDIA PVT LTD and a share within the firm OOO VOLKSWAGEN GROUP RUS.
**Share deviations are calculated from non-rounded figures.
*** contains manufacturing within the koda Auto Group, excluding manufacturing at associate meeting vegetation in China, Slovakia, Russia and Germany, however together with different group manufacturers resembling SEAT, VW and AUDI; Car manufacturing excluding half/full kits.
**** contains the sale of the koda Auto Group to distribution corporations, together with different group manufacturers resembling SEAT, VW, AUDI, PORSCHE and LAMBORGHINI; Sale of car excluding half/full package

Skoda delivered 700,700 automobiles worldwide in first 9 months
The Czech carmaker delivered 700,700 automobiles to clients worldwide within the first three quarters (January to September 2020: 721,900 automobiles; -2.9%).

In Western EuropeSkoda Auto recorded 326,400 deliveries within the first 9 months of the yr, a progress of 4.3% over the identical interval final yr. In Germany, its largest single market worldwide, the corporate recorded 104,600 deliveries to clients within the first three quarters of 2021 (January to September 2020: 113,200 automobiles; -7.6%).

In Central Europe, the corporate delivered 132,600 automobiles within the first 9 months of the yr (January to September 2020: 134,700 automobiles; -1.5%). In its residence market, the Czech Republic, koda deliveries to clients grew by 1.1% to 63,000 automobiles (January to September 2020: 62,300 automobiles).

In Japanese Europe besides RussiaSkoda elevated its deliveries to clients by 8.6% to 29,500 automobiles between January and September (January to September 2020: 27,200 automobiles).

In RussiaThe producer delivered 72,600 automobiles within the first three quarters of the yr, an enchancment from 11.5% in the identical interval final yr (January to September 2020: 65,200 automobiles).

In ChinaDeliveries to clients declined by 57.8% to 52,700 items within the first three quarters of 2021 (January to September 2020: 124,900 automobiles).

In IndiaSkoda Auto delivered 13,300 automobiles between January and September 2021, virtually double the determine for the earlier yr (January to September 2020: 6,800 automobiles; +95.9%).

In turkeyThe model posted a powerful progress in car deliveries of 38.9% (January to September 2021: 21,900 automobiles; January to September 2020: 15,800 automobiles).

Skoda model deliveries to clients within the first three quarters of 2021 (in items, spherical off, listed by mannequin; +/- in share in comparison with the primary three quarters of 2020):
Skoda Octavia (159,400; -15.9%)
Skoda Kamiq (99,100; +9.4%)
Skoda Karoq (96,600; +0.1%)
Skoda Kodiaq (82,600; -14.3%)
Skoda Fabia (82,200; +5.9%)
Skoda Speedy (52,400; -3.5%)
Skoda Very good (51,400; -15.7%)
Skoda Scala (39,800; -14.0%)
Skoda ENYAQ iV (28,200;-)
Skoda Kushak (Offered in India solely: 5,100 😉
Skoda CitigoI iv (Offered in Europe solely: 3,900; -59.0%)

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