▷ ŠKODA AUTO achieves stable operating profit in the first three quarters, …

01.11.2021 – 13:56

Skoda Auto Germany GmbH

Mlada Boleslav (ots)

›700,700 vehicles delivered to customers worldwide (-2.9% compared to the previous year)

›Currently severe impairments due to a lack of chips

›Operating profit and sales revenue nevertheless at a high level thanks to a good first half-year, return on sales reaches 6.8 percent

›Significant production restrictions due to a lack of chips will have a significant impact on the fourth quarter

›The company is taking countermeasures with increased cost discipline and an extensive efficiency program

In the first nine months of 2021, despite a shortage of semiconductors, ŠKODA AUTO was able to deliver 700,700 vehicles to customers worldwide (-2.9% compared to the same period of the previous year). Thanks to a good first half of the year, the ŠKODA AUTO Group (1) was nevertheless able to generate an operating profit of 900 million euros at the end of September. ŠKODA AUTO’s sales in the first three quarters of 2021 amounted to 13.329 billion euros, with a return on sales of 6.8 percent. The significant reduction in production due to the lack of chips will have a significant impact on the fourth quarter. The company is counteracting this with increased cost discipline and has set up an extensive efficiency program.

Christian Schenk, ŠKODA AUTO’s new Board Member for Finance and IT since October 1, 2021, says: “Since the third quarter, the shortage of semiconductors and the limited availability of parts due to bottlenecks in the supply chains in the automotive industry have been a major setback for ŠKODA’s strong growth path AUTOMOBILE. Despite high demand and high order backlogs for our successful products, we have to cut back our production. Against this background, thanks to consistent management of the product mix and a persistent reduction in costs, despite lower deliveries, we almost doubled the operating result in the first three quarters compared to the previous year. Together with the Czech government, our social partner KOVO and the Volkswagen Group, we are working tirelessly on measures to overcome the semiconductor crisis and to secure jobs at ŠKODA AUTO and our suppliers in the long term. In addition, we have set up an extensive efficiency program in order to reduce the further expected burdens as well as possible. ”

Martin Jahn, ŠKODA AUTO Board Member for Sales and Marketing, emphasizes: “The demand for our cars is still high. Our all-electric ENYAQ iV, the new generation of the FABIA and the facelift of the KODIAQ are very popular with our customers. At the same time, we are doing everything we can to deliver the cars to our customers as quickly as possible. ”

Due to the shortage of semiconductors, the Czech car manufacturer is also significantly reducing its production in the coming weeks. Together with the social partner KOVO and the suppliers, ŠKODA AUTO is working flat out to master the current challenges in the best possible way. The top priority is and will remain to secure the jobs of the employees in the long term. This year the company expects to be unable to produce around 250,000 vehicles by the end of the year due to missing parts. The company assumes that the semiconductor supply situation will stabilize again from the fourth quarter of 2021 and that the situation will then gradually relax again in the second half of 2022.

ŠKODA AUTO Group (1) – key figures in quarterly comparison, January to September 2021/2020 (2):

                                               2021            2020        Änderung in %
Auslieferungen an Kunden          Fzg.         700.700         721.900        -2,9 %
Auslieferungen an Kunden,
ohne China                        Fzg.         648.000         597.000        +8,5 %
Produktion(3)                     Fzg.         578.200         575.000        +0,6 %
Absatz(4)                         Fzg.         596.100         596.000         0,0 %
Umsatz                            Mio. EUR      13.329          12.038       +10,7 %
Operatives Ergebnis               Mio. EUR         900             469       +92,0 %
(Return on Sales)                 %                6,8             3,9
Sachinvestitionen                 Mio. EUR         337             444       -24,1 %
Netto Cash Flow                   Mio. EUR         321             458       -29,9 %

(1) ŠKODA AUTO Group comprises ŠKODA AUTO as, ŠKODA AUTO Slovensko sro, ŠKODA AUTO Deutschland GmbH, ŠKODA AUTO Volkswagen India Private Ltd. and a share in the profit of the company OOO VOLKSWAGEN Group RUS.

(2) Percentage deviations are calculated from the non-rounded figures.

(3) Includes production in the ŠKODA AUTO Group, excluding production in the partner assembly plants in China, Slovakia, Russia and Germany, but including other group brands such as SEAT, VW and AUDI; Vehicle production without partial / complete kits.

(4) Includes sales by the ŠKODA AUTO Group to sales companies, including other group brands such as SEAT, VW, AUDI, PORSCHE and LAMBORGHINI; Vehicle sales without partial / complete kits.

ŠKODA delivered 700,700 vehicles worldwide in the first nine months

The Czech automobile manufacturer delivered 700,700 vehicles to customers worldwide in the first three quarters (January to September 2020: 721,900 vehicles; -2.9%).

In Western Europe ŠKODA AUTO recorded 326,400 deliveries in the first nine months of the year, 4.3 percent more than in the same period of the previous year. In Germany, the world’s largest single market, the company recorded 104,600 deliveries to customers in the first three quarters of 2021 (January to September 2020: 113,200 vehicles; -7.6%).

In Central Europe the company delivered 132,600 vehicles in the first nine months of the year (January to September 2020: 134,700 vehicles; -1.5%). In the Czech home market, ŠKODA increased deliveries to customers by 1.1 percent to 63,000 vehicles (January to September 2020: 62,300 vehicles).

In Eastern Europe without Russia ŠKODA increases its deliveries to customers between January and September by 8.6 percent to 29,500 vehicles (January to September 2020: 27,200 vehicles).

In Russia the manufacturer delivered 72,600 vehicles in the first three quarters of the year, exceeding the previous year’s period by 11.5 percent (January to September 2020: 65,200 vehicles).

In China deliveries to customers in the first three quarters of 2021 will decrease by 57.8 percent to 52,700 units (January to September 2020: 124,900 vehicles).

In If ŠKODA AUTO will deliver 13,300 vehicles from January to September 2021, almost doubling the number of the previous year (January to September 2020: 6,800 vehicles; +95.9%).

In the Turkey The brand recorded a strong 38.9 percent increase in vehicle deliveries (January to September 2021: 21,900 vehicles; January to September 2020: 15,800 vehicles).

Deliveries of the ŠKODA brand to customers in the first three quarters of 2021 (in units, rounded, by model; +/- in percent compared to the previous year):

ŠKODA OCTAVIA (159,400; -15.9%)

ŠKODA KAMIQ (99,100; + 9.4%)

ŠKODA KAROQ (96,600; + 0.1%)

ŠKODA FABIA (82,200; + 5.9%)

ŠKODA KODIAQ (82,600; -14.3%)

ŠKODA RAPID (52,400; -3.5%)

ŠKODA SUPERB (51,400; -15.7%)

ŠKODA SCALA (39,800; -14.0%)

ŠKODA ENYAQ iV (28,200; -)

ŠKODA KUSHAQ (only sold in India: 5,100; -)

ŠKODA CITIGOe iV (sales only in Europe: 3,900; -59.0%)

Press contact:

Christof Birringer
Head of corporate communications
Phone: +49 6150 133 120
Email: [email protected]

Ulrich Bethscheider-Kieser
Head of Product and Brand Communication
Phone: +49 6150 133 121
Email: [email protected]

Original content from: Skoda Auto Deutschland GmbH, transmitted by news aktuell


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