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

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Mlada Boleslav, 22 March 2022 – koda Auto elevated its earnings within the final fiscal 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 larger than final 12 months. The corporate anticipates main uncertainties because the 12 months progresses as a result of conflict in Ukraine and associated provide constraints. Skoda Auto is, due to this fact, 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 major a part of the end result is because of a powerful 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 larger than the earlier 12 months. The corporate elevated its web money move by 160% to €554 million. After a powerful first half, chip shortages led to manufacturing restrictions because the 12 months progressed. Due to centered gross sales administration, optimization of the manufacturing combine and gross sales of autos with high-value gear, 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 powerful – and that is additionally mirrored in key monetary figures, which have elevated from the earlier 12 months. have grown positively as compared. Due to a terrific crew effort by all 45,000 Skodians, we now have managed to ship 878,200 autos to prospects throughout the globe. Our all-electric ENYAQ iV has taken our toll with virtually 45,000 items delivered. We’re constructing on this robust 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 as a result of conflict in Ukraine We’re repeatedly analyzing its influence 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 step with our ‘Merely Cleaver’ philosophy. We have been capable of enhance our working revenue over the previous 12 months to over EUR 1 billion due to the efficiency of the cohesive crew. Income additionally grew positively regardless of decrease gross sales figures on account of manufacturing constraints. Within the second half of the 12 months, we have been capable of enhance this to €17.7 billion by gross sales combine optimization, regardless of a short lived manufacturing halt resulting from partial unavailability of elements. We grew profitability due to our constant price and effectivity administration. In 2022, we will likely be primarily centered on persevering with our profitable disaster administration and efficiencies program to maintain our enterprise as protected as doable throughout these troublesome occasions.”

Karsten Schnake, koda Auto board member for the acquisition, explains: “Tight semiconductor provide situations curtailed our progress final 12 months. Due to the short choice to provide unfinished automobiles to finish the latter, we’re capable of see our outcomes.” I thank the Semiconductor Process Power for his or her unbelievable efforts. We will now look forward with cautious optimism and count on a major 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 stage 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 give attention to 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 conflict in Ukraine to have a major influence on its working enterprise.

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

2021 2020 change in %
supply to prospects automobiles 878,200 1,004,800 -12.6%
Supply Unique to prospects. China automobiles 807,000 831,800 -3.0%
Manufacturing*** automobiles 770,600 807,700 -4.6%
gross sales **** automobiles 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 belongings million euros 782 850 -8.0%
web money move 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 associate meeting crops in China, Slovakia, Russia and Germany, however consists of different group manufacturers resembling SEAT, VW and AUDI; Car 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

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