Skoda’s growth continues

Time 7:38 am, July 30, 2012

CZECH firm Skoda has announced it’s increased its sales and financial results in the first half of 2012.

Deliveries worldwide to customers rose by 8.4 per cent to reach 493,000 cars from January to June 2012.

Sales revenue was up 6.6 per cent to 5.7 billion Euros (£4.4bn), while operating profit grew by 9.0 per cent to 449 million Euros (£351m)

‘Skoda’s growth strategy has led to positive results in the first half of this year,’ said the firm’s CEO, Winfried Vahland.

‘We have grown in all relevant fields, thus creating a good base for the second half, which will be challenging for the automobile industry because of the economic situation in Europe.’

Skoda CFO, Winfried Krause, said: ‘In the first half of 2011, the Skoda brand posted solid financial results and completed important investments into its future. This was possible thanks to rising deliveries to customers and strict cost management.’

Skoda UK achieved a record first half in 2012 with more than 28,000 registrations. This followed the success of 2011, in which the brand  completed another record year, achieving 45,000 registrations and a 2.7 per cent market share.

James Batchelor's avatar

James – or Batch as he’s known – started at Car Dealer in 2010, first as the work experience boy, eventually becoming editor in 2013. He worked for Auto Express as editor-at-large and was the face of Carbuyer’s YouTube reviews. In 2020, he went freelance and now writes for a number of national titles and contributes regularly to Car Dealer. In October 2021 he became Car Dealer's associate editor.

More stories...

Server 51