Skoda Auto achieves 6.6% return on gross sales in Q1 regardless of main challenges

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Mlada Boleslav, 5 Might 2022 – Skoda Auto delivered 186,200 automobiles to clients worldwide within the first quarter (-25.4% in comparison with the identical interval final yr). At 337 million euros, working revenue was down 24.8% from the earlier yr, whereas return on gross sales reached a stable regardless of a low of 6.6%. The primary causes embody ongoing chip shortages and provide chain disruptions as a result of conflict in Ukraine. Therefore, the corporate will proceed its Subsequent Stage Effectivity+ program within the coming months. The corporate expects the provision of elements to enhance in the course of the second half of the yr.

“We are able to look again on a particularly difficult first quarter. Along with the scarcity of semiconductors, our provide chain was disrupted, in some instances considerably, by the conflict in Ukraine. We have now actively combated this and have been in a position to enhance our working revenue. Seeking to the remainder of the yr, we’re persevering with to advance our subsequent degree Effectivity + Price and Effectivity program to attenuate the influence on our funds. As issues stand, we anticipate elements provide to enhance from the second half of the yr. ,


Christian Schenk, Skoda Auto Board Member Finance and IT

“We began the brand new yr optimistically on the power of our new fashions, which embody the FABIA, KAROQ and ENYAQ COUPÉ iV. Nonetheless, the conflict in Ukraine has slowed us down significantly. I wish to thank our clients for his or her endurance and continued perception within the Skoda model, in addition to our importers and sellers for his or her nice efforts. On a constructive notice, now we have been in a position to resume the manufacturing of our all-electric SUV, the ENYAQ iV. We’re making each effort to fulfill the continued sturdy demand for our fashions.”


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

Skoda Auto Group’s * income elevated barely to five.1 billion euros (+1.0% in comparison with final yr) as a result of consolidation results. Whereas working revenue fell 24.8% to 337 million euros, return on gross sales hit a stable 6.6%. Skoda Auto is addressing the present challenges with its Subsequent Stage Effectivity+ programme. The important thing and long-term goal amongst main European competitors is price management and a sustainable return on gross sales of a minimum of 8%. This system focuses on maximizing incomes potential and optimizing materials, manufacturing and stuck prices. As a result of consolidation of Volkswagen Group Rus underneath koda Auto because the starting of the yr, the reported indicators can’t be immediately in contrast with the identical interval final yr.

Skoda Auto Group* – Quarterly Comparability of Key Knowledge, January to March 2022/2021**:

2022 2021 change in %
supply to clients automobiles 186,200 249,600 -25.4%
Supply Unique to clients. China automobiles 171,000 223,300 -23.4%
Manufacturing*** automobiles 235,100 239,700 -1.9%
gross sales **** automobiles 238,200 234,400 1.6%
Gross sales income million euros 5,101 5,049 1.0%
working revenue million euros 337 448 -24.8%
return on gross sales , 6.6 8.9
investing in tangible property million euros 74 86 -14.0%
internet money move million euros 337 563 -40.1%

* koda Auto Group consists of koda Auto, koda Auto Slovensco SRO, koda Auto Deutschland GmbH, koda Auto Volkswagen India Pvt Ltd and OOO Volkswagen Group Rus.
**Proportion deviations are calculated from non-rounded figures.
*** consists of manufacturing at koda Auto Group, which doesn’t embody manufacturing at associate meeting crops in China, Slovakia and Germany, however consists of different group manufacturers similar to SEAT, VW and AUDI; Car manufacturing excluding half/full kits.
**** consists of gross sales of the koda Auto Group to distribution corporations, which embody different group manufacturers together with Seat, VW, Audi, Porsche and Lamborghini; Sale of car excluding half/full package.

Supply within the first quarter of 2022:
Skoda Auto delivers 186,200 automobiles to clients Complete world Between January and March (1st quarter 2021: 249,600 automobiles; -25.4%).

In Western Europe, Skoda recorded a complete of 89,000 deliveries within the first three months of the yr (Q1 2021: 111,600 automobiles; -20.3%). In Germany, at present the model’s largest single market worldwide, it delivered 33,100 automobiles to clients between January and March (first quarter of 2021: 36,600 automobiles; -9.6%). Opposite to the final market pattern, koda made a revenue in Norway within the first quarter of the yr: 1,400 car deliveries exhibiting a rise of 9.3% in comparison with the earlier yr (January to March 2021: 1,200 automobiles). Switzerland remained secure with 3,900 automobiles delivered (3,800 in the identical interval final yr; +1.0%).

In Central EuropeSkoda recorded 35,400 deliveries within the first quarter as in comparison with 46,900 deliveries in the identical interval final yr (-24.6%). Within the Czech home market, deliveries remained comparatively secure: 18,600 automobiles had been delivered to the area in the course of the first three months (January to March 2021: 19,600 automobiles; -5.2%).

In Jap Europe besides RussiaSkoda delivered 7,500 automobiles from January to March, akin to a decline of 23.3% (January to March 2021: 9,800 automobiles).

Within the wake of the Russian assault on Ukraine, Volkswagen’s Group Board of Administration determined in early March to halt manufacturing of the automobiles. Russia and droop the export of automobiles to the nation till additional discover. Within the first two months of the yr, koda recorded 12,100 deliveries on this market (January to March 2021: 22,800 automobiles; -47.0%).

In China, Deliveries to clients declined 42.2% to fifteen,200 automobiles within the first quarter. (January to March 2021: 26,300 automobiles).

In IndiaSkoda recorded the strongest progress in car deliveries to clients worldwide within the first quarter of 2022: delivering 11,600 items, the carmaker registered an distinctive progress of 265.3% out there (January to March 2021: 3,200 automobiles).

Skoda model deliveries to clients within the first quarter of 2022
(in items, rounded, listed by mannequin; +/- in % over earlier yr):

Skoda Octavia (38,800; -39.1%)
Skoda Kodiaq (25,100; -24.5%)
Skoda Kamiq (24,300; -30.0%)
Skoda Karoq (22,700; -38.0%)
Skoda Fabia (20,600; -20.3%)
Skoda Very good (16,600; -24.2%)
Skoda Scala (10,400; -17.1%)
Skoda Anaque (8,800;-)
Skoda Fast (8,500; -54.4%)
Skoda Kushak (7,000;-)
Skoda Slavia (3,400;-)

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