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Škoda Auto stories constant progress all through the primary three quarters of the 12 months, recording constructive outcomes throughout all key monetary indicators. The automaker’s working revenue stands at 1.26 billion euros, marking a 47.2% enhance in comparison with the identical interval final 12 months, whereas the return on gross sales elevated to six.4% (2022: 5.6%). A key contributor to this constructive development has been the strong gross sales efficiency of the all-electric Enyaq sequence. Globally, Škoda delivered 642,200 autos throughout this era. On the similar time, the automaker is advancing its internationalisation plan: Because the strategic chief of the Volkswagen Group’s Model Group Core in ASEAN, Škoda Auto took the primary main step in September by getting into the Vietnamese market – a gateway to your entire area.
“The strong development within the first 9 months of 2023 is the results of devoted and protracted work by our crew at Škoda, together with our vendor organisation that’s the face of our model to clients. Due to this efficiency and our strong enterprise mannequin, Škoda Auto continues to steer a profitable course. The event of our working revenue, climbing greater than 47%, speaks for itself. Nevertheless, the previous three years specifically have proven that the markets are growing more and more dynamically. Regardless of all our confidence, we are going to stay vigilant. That’s why we’re persevering with to channel our efforts persistently into guaranteeing that our firm is ideally positioned on the worldwide stage.”
Klaus Zellmer, CEO of Škoda Auto
“Within the first three quarters of this 12 months, we managed to stabilise our provide chains. Our return on gross sales grew by 0.8 proportion factors year-on-year to six.4%, and this determine contains the consequences of discontinuing our operations in Russia*. By investing over 500 million euros in tangible property like periodic IT infrastructure upgrades, now we have laid the groundwork for our upcoming digital choices. Moreover, our focus has been on enhancing our BEV portfolio to satisfy buyer wants and intensify our sustainability initiatives. However, as we method the year-end, we anticipate challenges and stay dedicated to making sure 2023 concludes efficiently.”
Holger Peters, Škoda Auto member of the Board of Administration for Finance, IT and Authorized Affairs
“Our deliveries within the first 9 months underscore the worldwide enchantment of Škoda’s fashionable mannequin vary. Demand for the Enyaq sequence has elevated notably strongly, with deliveries up 47.6 per cent on the earlier 12 months. Gross sales of the Kodiaq and Very good additionally elevated, and the upcoming era of those fashions will add one more chapter to their success story. With dynamic design, fashionable expertise and much more inside house, they’re certain to impress current and new clients alike.”
Martin Jahn, Škoda Auto Board Member for Gross sales and Advertising and marketing
Robust efficiency: Increased working revenue and Enyaq’s gross sales momentum
Within the first 9 months of 2023, Škoda Auto demonstrated appreciable monetary energy. The return on gross sales remained secure at 6.4%, even after accounting for the cessation of actions in Russia. Working revenue throughout this era rose to 1.26 billion euros, recording progress of 47.2% over the earlier 12 months. Nevertheless, a current provide chain disruption from a Slovenian provider could influence earnings for the remainder of the 12 months.
The all-electric Enyaq sequence has been a key contributor to this success, gaining important traction in international locations just like the Czech Republic, Slovakia, Finland, Austria, and Switzerland, the place it ranked among the many high three best-selling electrical vehicles between January and August 2023.
By September, Škoda Auto’s international deliveries totalled 642,200 autos – a year-on-year enhance of 97,700 items.
With 145,000 items bought, the Octavia continues to be the model’s bestseller, reaching a year-on-year enhance of 35.8%. The compact mannequin represents over a fifth of Škoda’s whole international deliveries. Different fashions, such because the Fabia and Kamiq, Kodiaq and Karoq SUVs, additionally skilled sturdy demand.
Increasing internationalisation with a give attention to Vietnamese market
Škoda Auto is increasing its presence and stepping up worldwide operations. September marked the model’s entry into the Vietnamese market, a strategic transfer to faucet the potential of the ASEAN area. Preliminary gross sales in Vietnam will give attention to the imported Karoq and Kodiaq fashions.
Whereas these gross sales will solely steadily be mirrored within the outcomes, the carmaker anticipates gross sales potential of over 40,000 items yearly after 2030. Škoda views the nation as a gateway to the ASEAN area, for which it has taken on strategic accountability inside Volkswagen Group’s Model Group Core.
* In Could 2023, the Volkswagen Group accomplished the sale of its property in OOO Volkswagen Group Rus to OOO Artwork-Finance, supported by the Russian Seller Avilon.
Škoda Auto Group1) – Quarterly comparability of key figures, January to September 2023/20222)
| 2023 | 2022 | change | ||||
| Deliveries to clients | vehicles | 642,200 | 544,500 | 17.9% | ||
| Deliveries to clients excl. China | vehicles | 624,100 | 508,300 | 22.8% | ||
| Manufacturing3) | vehicles | 741,500 | 647,200 | 14.6% | ||
| Gross sales4) | vehicles | 777,500 | 645,500 | 20.5% | ||
| Gross sales income | million EUR | 19,659 | 15,181 | 29.5% | ||
| Working revenue | million EUR | 1,260 | 856 | 47.2% | ||
| Return on gross sales | % | 6.4 | 5.6 | |||
| Investments in tangible property | million EUR | 503 | 605 | -16.9% | ||
| Web money circulation | million EUR | 1,015 | 830 | 22.3% |
1) Škoda Auto Group includes Škoda Auto a.s., Škoda Auto Slovensko s.r.o., Škoda Auto Deutschland GmbH, Škoda Auto Volkswagen India Non-public Ltd. and till Could 2023, the Group additionally included OOO Volkswagen Group Rus, the monetary outcomes of that are included as much as that date.
2) Proportion deviations are calculated from non-rounded figures.
3) Contains manufacturing within the Škoda Auto Group, excluding manufacturing at associate meeting vegetation in China, Slovakia and Germany, however together with different Group manufacturers corresponding to Seat, VW and Audi; car manufacturing excluding half/full kits.
4) Contains Škoda Auto Group gross sales to distribution corporations, together with different Group manufacturers corresponding to Seat, VW, Audi, Porsche and Lamborghini; car gross sales excluding half/full kits.
Worldwide deliveries within the first three quarters of 2023, listed by market area:
| Market area | Deliveries from January to September 2023(Q1 – Q3 2022 / change in %) |
| Europe | 525,900 autos (427,300 autos; +23.1%) |
| EU 27+NO+IS | 443,500 autos (353,700 autos; +25.4%) |
| Western Europe | 355,100 autos (281,100 autos; +26.3%) |
| Germany (largest single market globally) |
115,300 autos (100,700 autos; +14.6%) |
| Central Europe | 136,400 autos (106,300 autos; +28.3%) |
| Czech Republic (home market) |
64,300 autos (51,200 autos; +25.7%) |
| Jap Europe | 34,400 autos (39,900 autos; -13.7%) |
| India | 35,600 autos (38,300 autos; -7.1%) |
| China | 18,100 autos (36,300 autos; -50.1%) |
| Remainder of the world | 62,600 autos (42,700 autos; +46.7%) |
| Turkey | 24,400 autos (12,600 autos; +93.1%) |
| Israel | 12,700 autos (10,900 autos; +17.3%) |
| Whole (Worldwide) | 642,200 autos (544,500 autos; +17.9%) |
Škoda model deliveries to clients within the first three quarters of 2023
(in items, rounded, listed by mannequin; +/- in p.c in contrast with earlier 12 months):
| Škoda Octavia | (145,000; 35.8%) |
| Škoda Kamiq | (85,300; 16.7%) |
| Škoda Kodiaq | (81,200; 13.9%) |
| Škoda Karoq | (75,800; 23.5%) |
| Škoda Fabia | (70,000; 0.3%) |
| Škoda Enyaq | (54,400; 47.6%) |
| Škoda Very good | (50,400; 11.4%) |
| Škoda Scala | (43,300; 45.6%) |
| Škoda Kushaq | (19,300; -1.4%) |
| Škoda Slavia | (14,100; -8.3%) |
| Škoda Speedy | (3,300; -78.8%) |
SOURCE: Škoda
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