ŠKODA AUTO achieves stable Q3 outcome and secure return on gross sales amid difficult atmosphere

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ŠKODA AUTO achieved a secure return on gross sales of 5.6% and an working revenue of €856 million (-4.9% in comparison with the earlier 12 months) within the first three quarters of 2022 regardless of the difficult market atmosphere. This proves that the measures launched beneath the constantly pursued effectivity programme are yielding outcomes. Because of the excessive order backlog and sharp enhance in deliveries within the essential development market of India (+186.9 %), ŠKODA AUTO additionally expects a strongly optimistic working revenue for the 12 months as an entire. Deliveries from January to September totalled 544,500 autos. Behind the 22.3% year-on-year decline is the continued provide pressure on account of international occasions; the conflict in Ukraine, important enhance in uncooked materials and power costs, ongoing scarcity of semiconductors and unstable provide chains weighed closely on the Czech carmaker’s quarterly outcomes.

“Regardless of the present financial burdens as a result of conflict in Ukraine, rising uncooked materials and power costs and fragile provide chains, we managed to attain a secure return on gross sales of 5.6%. The premise for this was our complete NEXT LEVEL EFFICIENCY+ programme and sustained excessive value self-discipline. This confirms that ŠKODA is on a stable monetary footing. For the remainder of the 12 months, we’re specializing in reaching a strongly optimistic working revenue.”

Christian Schenk, ŠKODA AUTO Board Member for Finance and IT

Infographic: ŠKODA AUTO achieves solid Q3 result and stable return on sales amid challenging environment

“Demand for ŠKODA autos stays excessive. We are actually doing every part we will to proceed processing the nonetheless excessive order backlog. We additionally wish to forge forward with the very profitable improvement within the Indian market: Our deliveries in India have already exceeded the earlier 12 months’s outcome. We wish to construct on this and achieve additional momentum on this essential development market.”

Martin Jahn, ŠKODA AUTO Board Member for Gross sales and Advertising and marketing

Steady working revenue, return on gross sales solely barely down on earlier 12 months

ŠKODA AUTO Group1) gross sales income within the first three quarters of the 12 months amounted to €15.2 billion, a rise of 13.9% over the earlier 12 months. Nonetheless, on account of Volkswagen Group Rus being consolidated beneath ŠKODA AUTO a.s. for the reason that begin of the 12 months, the important thing figures can’t be in comparison with these of the identical interval final 12 months. On the similar time, consolidating Volkswagen Group Rus introduced a selected problem for ŠKODA AUTO, negatively impacting the working revenue within the mid three-digit million vary. Nonetheless, it was nonetheless attainable to maintain the return on gross sales at 5.6% (2021: 6.8%) and the working revenue remained at a stable stage of €856 million (-4.9% on the earlier 12 months). The corporate isn’t solely optimising materials prices but additionally manufacturing and stuck prices with the intention of additional stabilising the working revenue for the 12 months as an entire and maximising earnings potential. On the similar time, the automaker continues to count on restrictions in manufacturing on account of present bottlenecks in components provides.

Infographic - ŠKODA AUTO achieves solid Q3 result and stable return on sales amid challenging environment

ŠKODA AUTO Group1) – Quarterly comparability of key figures, January to September 2021/20222):

2022 2021 change in %
Deliveries to clients automobiles 544,500 700,700 -22.3%
Deliveries to clients excl. China automobiles 508,300 648,000 -21.6%
Manufacturing3) automobiles 647,200 578,200 11.9%
Gross sales4) automobiles 645,500 596,100 8.3%
Gross sales income Million EUR 15,181 13,329 13.9%
Working revenue Million EUR 856 900 -4.9%
Return on gross sales % 5.6% 6.8%
Investments in tangible property Million EUR 605 337 79.5%
Web money circulation Million EUR 830 321 158.6%

1) ŠKODA AUTO Group contains ŠKODA AUTO a.s, ŠKODA AUTO Slovensko s.r.o., ŠKODA AUTO Deutschland GmbH, SKODA AUTO Volkswagen India Personal Ltd. and OOO VOLKSWAGEN Group Rus.
2) Proportion deviations are calculated from non-rounded figures.
3) Includes manufacturing within the ŠKODA AUTO Group, excluding manufacturing at companion meeting vegetation in China, Slovakia and Germany, however together with different Group manufacturers corresponding to SEAT, VW and AUDI; automobile manufacturing excluding half/full kits.
4) Includes ŠKODA AUTO Group gross sales to distribution firms, together with different Group manufacturers corresponding to SEAT, VW, AUDI, PORSCHE and LAMBORGHINI; automobile gross sales excluding half/full kits

Worldwide deliveries within the first three quarters of the 12 months by chosen market area:

Market area Deliveries from January to September 2022
(Deliveries Q1 – Q3 2021 / change in %)
Western Europe 281,100 autos (326,400 autos; -13.9%)
Germany (largest single market globally) 100,700 autos (104,600 autos; -3.8%)
Central Europe 106,300 autos (132,600 autos; -19.9%)
Czech Republic (home market) 51,200 autos (63,000 autos; -18.7%)
Jap Europe excluding Russia 23,300 autos (29,500 autos; -20.9%)
Russia 16,600 autos (72,600 autos; -77.2%)
China 36,300 autos (52,700 autos; -31.2%)
India 38,300 autos (13,300 autos; +186.9%)
Complete (Worldwide) 544,500 autos (700,700 autos; -22.3%)

ŠKODA model deliveries to clients within the first three quarters of 2022
(in models, rounded, listed by mannequin; +/- in per cent in comparison with earlier 12 months):

ŠKODA OCTAVIA (106,800; -33.0%)
ŠKODA KAMIQ (73,100; -26.2%)
ŠKODA KODIAQ (71,300; -13.6%)
ŠKODA FABIA (69,800; -15.0%)
ŠKODA KAROQ (61,400; -36.5%)
ŠKODA SUPERB (45,200; -12.1%)
ŠKODA ENYAQ iV (36,900; +30.7%)
ŠKODA SCALA (29,700; -25.3%)
ŠKODA KUSHAQ (19,500; +286.8%)
ŠKODA SLAVIA (15,400; -)
ŠKODA RAPID (15,300; -70.8%)

SOURCE: ŠKODA

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