ŠKODA delivered 685,000 vehicles between January and September 2013. Nine-month sales revenue well over seven billion euros. Sound result: operations after third quarter at 371 million euros. Operating profit increases by 8.8% in third quarter.
Mladá Boleslav, Czech Republic, 8-11-2013 — /EuropaWire/ — The Czech car manufacturer ŠKODA achieved a sales revenue of 7.4 billion euros in the first nine months of the current fiscal year 2013. In a period of high investment, ŠKODA’s operating profit reached 371 million euros in the first nine months; during the third quarter alone, operating profit increased by 8.8% over the same period last year. By the end of September, ŠKODA had delivered 685,000 vehicles to customers. Most recently, ŠKODA’s sales rose on a monthly basis by 3.3% – which was also a new ŠKODA record for the month of September.
The Czech car manufacturer’s sales revenues had reached 7.37 billion euros by the end of September. This is 6.4% less than the same period in 2012 with 7.87 billion euros. The operating profit was 371 million euros, 34.6% lower than the first nine months of last year with 567 million euros. The company’s investments amounted to 458 million euros, which was 12.8% lower than January to September 2012 with 525 million euros. “ŠKODA was able to maintain its operating profit with return on sales revenue by 5 per cent on a solid level in the first three quarters, despite difficult conditions generally and in a period of high investment,” says ŠKODA CFO Winfried Krause. “Thanks to strict cost management, we continue to enjoy a stable financial base for the future,” he adds.
ŠKODA AUTO Group operating figures as of 30 September 2013:
| | | | 2013 | | 2012 | | Change in % |
Deliveries to customers | | cars | | 685,000 | | 717,200 | | – 4.5 |
Deliveries to customers, w/o China | | cars | | 507,300 | | 535,300 | | – 5.2 |
Production | | cars | | 472,100 | | 509,100 | | – 7.3 |
Sales | | cars | | 524,400 | | 551,500 | | – 4.9 |
Sales revenue | | Mio. EUR | | 7,365 | | 7,868 | | – 6.4 |
Operating profit | | Mio. EUR | | 371 | | 567 | | – 34.6 |
Operating profit (% of sales revenue) | | % | | 5.0 | | 7.2 | | - |
Investments (w/o capitalized development costs) | | Mio. EUR | | 458 | | 525 | | – 12.8 |
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