Skoda Auto returns over 6% in 2021 regardless of pandemic and semiconductor scarcity

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Skoda Auto elevated its earnings within the final monetary 12 months in comparison with 2020 regardless of the pandemic and the scarcity of semiconductors. Skoda Auto Group’s * income is 17.7 billion euros (2020: 17.1 billion euros; +3.9%). Working revenue elevated considerably year-on-year to EUR 1.08 billion (2020: 756 million EUR; +43.2%). The return on gross sales is recovering; At 6.1%, it’s considerably increased than final 12 months. The corporate anticipates main uncertainties because the 12 months progresses because of the struggle in Ukraine and associated provide constraints. Skoda Auto is, subsequently, dedicated to its effectivity programme.

The corporate achieved working revenue of over one billion euros (1.08 billion euros) in 2021, regardless of the pandemic and semiconductor shortages. A big a part of the end result is because of a robust first half. Income within the final fiscal 12 months was 17.7 billion euros (+3.9%), and the return on gross sales was 6.1%, which is considerably increased than the earlier 12 months. The corporate elevated its web money movement by 160% to €554 million. After a robust first half, chip shortages led to manufacturing restrictions because the 12 months progressed. Because of centered gross sales administration, optimization of the manufacturing combine and gross sales of automobiles with high-value tools, income in 2021 exceeded final 12 months’s efficiency regardless of decrease deliveries. Strict price administration additionally stabilized leads to the fourth quarter.

Skoda Auto CEO Thomas Schaefer emphasised: “Skoda Auto has demonstrated a excessive diploma of flexibility and resilience over the previous monetary 12 months. Our enterprise is robust – and that is additionally mirrored in key monetary figures, which have elevated from the earlier 12 months. have grown positively as compared. Because of an awesome staff effort by all 45,000 Skodians, now we have managed to ship 878,200 automobiles to clients throughout the globe. Our all-electric ENYAQ iV has taken our toll with nearly 45,000 models delivered. We’re constructing on this sturdy momentum with new fashions together with the emotional ENYAQ COUPÉ iV, the contemporary KAROQ and the sporty FABIA MONTE CARLO. On the similar time, we face nice uncertainties because of the struggle in Ukraine We’re constantly analyzing its affect on our enterprise.”

Christian Schenk, Skoda Auto Board Member for Finance and IT, says: “2021 was an especially difficult monetary 12 months. We handled the scenario calmly and in line with our ‘Merely Cleaver’ philosophy. We have been in a position to improve our working revenue over the previous 12 months to over EUR 1 billion because of the efficiency of the cohesive staff. Income additionally grew positively regardless of decrease gross sales figures because of manufacturing constraints. Within the second half of the 12 months, we have been in a position to enhance this to €17.7 billion by gross sales combine optimization, regardless of a brief manufacturing halt as a result of partial unavailability of elements. We grew profitability because of our constant price and effectivity administration. In 2022, we can be primarily centered on persevering with our profitable disaster administration and efficiencies program to maintain our enterprise as secure as doable throughout these tough instances.”

Karsten Schnake, koda Auto board member for the acquisition, explains: “Tight semiconductor provide situations curtailed our development final 12 months. Because of the fast determination to provide unfinished vehicles to finish the latter, we’re in a position to see our outcomes.” I thank the Semiconductor Process Drive for his or her unbelievable efforts. We are able to now look forward with cautious optimism and anticipate a big enchancment in semiconductor provides from the second half of the 12 months.”

Constant price administration and an annual funding of EUR 2 billion

The Czech carmaker continues to push its subsequent degree effectivity program to extend effectivity this 12 months. Additionally, the corporate will make investments two billion euros yearly within the coming years. The funding will concentrate on additional electrification of the mannequin vary and compliance with the brand new emission norms. For the remainder of the 12 months, koda Auto anticipates that semiconductor provides will enhance within the second half of the 12 months. The Czech carmaker additionally expects the struggle in Ukraine to have a big affect on its working enterprise.

Skoda Auto Group* – Key Figures from January to December 2021**

2021 2020 change in %
supply to clients vehicles 878,200 1,004,800 -12.6%
Supply Unique to clients. China vehicles 807,000 831,800 -3.0%
Manufacturing*** vehicles 770,600 807,700 -4.6%
gross sales **** vehicles 783,800 849,200 -7.7%
Gross sales income million euros 17,743 17,081 +3.9%
working revenue million euros 1,083 756 +43.2%
return on gross sales , 6.1 4.4
investing in tangible property million euros 782 850 -8.0%
web money movement million euros 554 213 +160%

* koda Auto Group consists of koda Auto as koda Auto, koda Auto Slovensco SRO, koda Auto Deutschland GmbH, koda Auto Volkswagen India Pvt Ltd and a stake within the firm OOO Volkswagen Group Rus.
**Share deviations are calculated from non-rounded figures.
*** consists of manufacturing at koda Auto Group, which doesn’t embrace manufacturing at companion meeting crops in China, Slovakia, Russia and Germany, however consists of different group manufacturers equivalent to SEAT, VW and AUDI; Automobile manufacturing excluding half/full kits.
**** consists of gross sales of the koda Auto Group to distribution firms, which embrace different group manufacturers together with Seat, VW, Audi, Porsche and Lamborghini; Sale of car excluding half/full package

Supply: Skoda

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