Skoda retails 522,500 vehicles globally in first six months

Skoda, the Czech manufacturer has increased its revenue, deliveries and operating profit for the first half of 2014. Globally, the automaker sold 522,500 units in the first six months as compared to 464,600 vehicle for the same time period in 2013 which in results caused a growth of 12.5 per cent on yearly basis. Its was also the first time that the carmaker retailed more than half a million cars worldwide in a time period of six months.

As the sales of company increased so does the sales revenue. Skoda sets a new record of generating revenue close to six billion euros (5.974 billion euros) from January to June. The revenue collected this year is 20.3 per cent more than last year’s (4.966 billion euros), while the operating profit also increased by 74.9% to 425 million euros.

Skoda's CEO Prof. Dr. h.c. Winfried Vahland, said “ŠKODA did very well in the first half of the year and continues on a stable path of growth.” He further added, “The brand’s strength has been demonstrated through the best first-half sales year in corporate history and the significant increases in sales and revenue. Our model campaign is now showing its full power, and we are even conquering new consumer groups. The new Octavia, the heart of the brand, has been a great hit in every respect, and has exceeded our expectations. We plan to continue along this path of growth and energetically continue the most comprehensive product campaign in our corporate history.”

The main reason behind the overwhelming figures of revenue is that the company retailed a higher number of deliveries and the other factor that worked is the enhancement of model line-up. The company’s Net liquidity rose by 41.9% to 1.855 billion euros while the Investments amounted to 149 million euros (January to June 2013: 265 million euros).

Skoda's CFO Winfried Krause on the company's tremendous growth said, “ŠKODA has grown profitably in the first half of the year” He also said, “The investments we made into the new models are paying off. Besides the higher profit, the increase in net liquidity also demonstrates the company's financial strength. ŠKODA also expects increases in sales, sales revenue and profit for the full year. In light of the fiercely competitive environment, strict cost discipline remains our central concern.”