SKODA Does Superb in First Half of 2012 in the UK

SKODA increased its sales and financial results in the first half of 2012. Deliveries to customers rose by 8.4 per cent to reach 493,000 cars from January to June 2012 (first half of 2011: 454,700 units). Sales revenue was up 6.6 per cent to 5.7 billion Euros (first half of 2011: 5.4 billion Euros). Operating profit grew by 9.0 per cent to 449 million Euros (first half of 2011: 412 million Euros). “SKODA’s growth strategy has led to positive results in the first half of this year,” says SKODA CEO Winfried Vahland. “We have grown in all relevant fields, thus creating a good base for the second half, which will be challenging for the automobile industry because of the economic situation in Europe,” he added.

SKODA’s sales revenue grew by 6.6 per cent to 5.7 billion Euros (first half of 2011: 5.4 billion Euros), driven by higher delivery volumes and market share gains in nearly all sales regions. Operating profit reached 449 million Euros in the first half of the year, up 9.0 per cent year on year. Under SKODA’s ongoing model offensive, investment (without capitalised development costs) in new products rose to 217 million Euros, up from 80 million in the first half of 2011.

 

“In the first half of 2011, SKODA brand posted solid financial results and completed important investments into its future,” said SKODA CFO Winfried Krause. “This was possible thanks to rising deliveries to customers and strict cost management,” said Krause.