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ŠKODA AUTO SIGNIFICANTLY INCREASES DELIVERIES AND EARNINGS IN THE FIRST QUARTER

Mladá Boleslav – ŠKODA #auto increased its global deliveries to customers by 7.2% to 249,600 vehicles from January to March 2021 compared to the same period in 2020. Sales revenue totalled 5.049 billion euros, an increase of 4.1% compared to the same period last year. The ŠKODA #auto Group*’s operating profit was 46.1% higher than the previous year at 448 million euros, while the return on sales rose to a high level of 8.9%. The company thus continues its positive development from the second half of 2020.

ŠKODA #auto CEO Thomas Schäfer explains: “We have made a strong start to the year and can look back on an excellent first quarter – despite fierce headwinds from the pandemic and the semiconductor shortage. I would like to thank the entire ŠKODA team, our social partner KOVO, as well as our importers and dealers for their outstanding commitment. We are also optimistic for the coming months; the first units of our all-electric SUV ENYAQ iV have been delivered and demand is exceeding our expectations. We also have some fantastic new products in the pipeline, including the new FABIA generation. Our recently launched NEXT LEVEL EFFICIENCY programme not only counteracts the negative effects of the pandemic and supply bottlenecks but also puts ŠKODA in a stronger competitive position in the long term.”

Klaus-Dieter Schürmann, ŠKODA #auto Board Member for Finance and IT emphasises: “The very positive results of the first quarter show that we are financially on track. Our measures for reducing costs are proving effective. We have successfully mitigated the impact of the ongoing COVID-19 pandemic and especially the shortages of semiconductors while significantly increasing operating profit and net cash flow. The current result illustrates that ŠKODA #auto is solidly positioned and sustainably profitable.”

Martin Jahn, ŠKODA #auto Board Member for Sales and Marketing, adds: “We have increased our deliveries by 7.2% compared to the same period last year – a great success given the challenging conditions. The strong start to the year attests that our modern and attractive model range is very well received by our customers. And I am convinced that we will also attract many new customers to our brand with numerous new products throughout the year: In early May, we presented the fourth generation of the FABIA in the entry-level segment, followed by product updates of our best-selling SUVs KODIAQ and KAROQ. In India, we are launching our first compact SUV, the KUSHAQ, and in China, we are rolling out the recently launched OCTAVIA PRO.”

ŠKODA #auto continued its recent positive development in the first quarter of 2021. From January to March 2021, sales revenue increased 4.1% year-on-year to 5.049 billion euros, with operating profit rising to 448 million euros. The return on sales is at a high level of 8.9%. This is significantly higher than the figures for the same period last year, which were negatively impacted by the pandemic-related production shutdown and the slump in sales.