Škoda breaks personal record
- October 31, 2018
- Posted by: Simon Wait
- Category: Industry News
From January to the end of September 2018, Škoda increased its worldwide deliveries to customers by 7.8 per cent year-on-year to a new record of 939,100 vehicles.
Škoda auto also achieved sales revenue of €12.6bn, an increase of 2.1 per cent and the best result in the company’s history. The operating profit of €1.1bn remained high in the first three quarters, but was negatively influenced by high financial expenditures for new models, electromobility and higher personnel costs.
Škoda auto board member for finance and IT Klaus-Dieter Schürmann emphasized, ‘Škoda auto is a successful, sustainably profitable company. The key factors for this are our active price and sales management as well as our consistent cost management. However, stricter emissions and CO2 regulations are posing major challenges for the entire automotive industry. The necessary financial expenditures for new products, electromobility and other future technologies as well as negative exchange rate effects are consequentially reflected in the current result. In addition, the rising personnel costs are due to the new collective agreement, which came into force in April this year. In order to counteract these negative influences, Škoda launched an additional result improvement programme in the first half of 2018.’