“Investments in the model range have paid off to ŠKODA. In the first half of 2016 the demand for our cars exceeded our expectations. The solid order situation ensures full utilization of the production capacity and high return on quality,” comments ŠKODA CEO Bernhard Maier. “We plan to follow up on our continuous growth strategy next year, too. That is why, among other things, ŠKODA launches its SUV offensive. In terms of segment, the new ŠKODA KODIAQ is a model standing on the starting line,” adds Maier.
Sales revenue grew 10.8% to 7,114 billion euros in the first half-year (first half of 2015: 6,421 billion euros). In the same period the operating profit reached 685 million euros (January to June 2015: 522 million euros), which represents an increase by 31.2%. The operating margin rose to 9.6%, compared to 8.1% in the first half of 2015. Net liquidity reached 2.866 billion euros. Investments amounted to 207 million euros (first half of 2015: 146 million euros).
“ŠKODA has been growing profitably in 2016,” says ŠKODA CFO Winfried Krause. “The result grew thanks to higher sales figures, better mix of the sold model versions and optimization of material costs,” stated Krause.
ŠKODA AUTO Group – Key figures forthe first half of 2016/2015
| Units | 2016 | 2015 | Change in % | |
|---|---|---|---|---|
| Deliveries to customers (DTC) | Cars | 569, 400 | 544, 300 | 4.6 |
| DTC excl. China | Cars | 423, 600 | 406, 000 | 4.3 |
| Production | Cars | 410, 000 | 371, 300 | 10.4 |
| Sales | Cars | 431, 300 | 393, 900 | 9.5 |
| Sales revenue | Million EUR | 7, 114 | 6, 421 | 10.8 |
| Operating profit | Million EUR | 685 | 522 | 31.2 |
| Operating profit as % of sales revenue | Percent | 9,6 | 8,1 | – |
| Investments | Million EUR | 207 | 146 | 41.9 |
| Net liquidity | Million EUR | 2, 866 | 2, 696 | 6.3 |
