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ŠKODA Sees Increases Across the Board in First Half of 2015

ŠKODA reported their first half results yesterday, and things are looking quite good for the Czech auto manufacturer.  Year over year, ŠKODA’s revenues were up 7.5 per cent and deliveries were at a record high 544,300 units.  Operating profits were reported at an impressive 22.8 per cent over 2014, showing brand strength in the face of trouble in the Russian, Chinese and Ukranian marketplaces.

Read the full Press Release below.

ŠKODA remains on the road to success. The Czech carmaker’s deliveries, sales revenue and operating profit increased in the first half 2015. Deliveries to customers increased by 4.2% to a record high of 544,300 vehicles between January and June. Sales revenue grew by 7.5% to €6.421 billion, exceeding the six-billion-euro mark for the first time in the first half of a year. Operating profit rose by 22.8% to €522 million compared to the same period last year.

“ŠKODA has grown profitably over the first half of the year,” explains ŠKODA CEO Prof. Dr. h.c. Winfried Vahland. “Our broad range of stylish and modern cars has been very well received by customers. The excellent sales developments in Western and Central Europe have compensated for the challenging market situation in Russia, Ukraine and in the last two months in China.”

ŠKODA’s sales revenue rose over the first half of the year by 7.5% to €6.421 billion (first half of 2014: €5.974 billion). In the same period, the operating profit reached €522 million (first half of 2014: €425 million). This represents an increase of 22.8%. The operating margin reached 8.1% following 7.1% in the first half of 2014. The improvement in earnings was mainly due to mix improvements and the lower cost of materials. Net liquidity reached €2.696 billion. Capital investments amounted to €146 million (January to June 2014: €149 million).

“Amid a partially challenging environment, ŠKODA has once again shown financial strength and profitability in the first half of the year,” says ŠKODA CFO Winfried Krause. “The improved earnings and high net liquidity are a good indication of the company’s financial health. Given the volatile environment and the difficult conditions prevailing in some markets, strict cost discipline remains a core task throughout the organisation.”

ŠKODA AUTO Group – Key figures in the first half of 2015/2014

The post ŠKODA Sees Increases Across the Board in First Half of 2015 appeared first on VWVortex.



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