Skoda Auto achieves operating profit of 469 million euros in first three quarters of 2020

Skoda Auto achieves operating profit of 469 million euros in first three quarters of 2020

30.10.2020: ŠKODA AUTO delivers 721,900 vehicles to customers worldwide from January to September despite the coronavirus pandemic ŠKODA AUTO Group* sales revenue exceeds 12 bill

    ŠKODA AUTO delivers 721,900 vehicles to customers worldwide from January to September despite the coronavirus pandemic


    ŠKODA AUTO Group* sales revenue exceeds 12 billion euros in the first three quarters, with a return on sales of 3.9%


    Clearly positive operating profit of 469 million euros generated in a challenging business environment


    Successful world premiere of the ŠKODA ENYAQ iV in Prague in early September; market launch of the all-electric SUV set for spring 2021


    Deliveries and results in the fourth quarter dependent on the development of the ongoing COVID-19 situation in the Czech Republic and the European Union and the necessary health protection measures





ŠKODA AUTO delivered 721,900 vehicles to customers worldwide (-21.0%) in the first nine months of 2020. Following the broad reopening of sales channels in the third quarter, the car manufacturer’s worldwide deliveries in September were again up on the previous year’s level.



By the end of September, the ŠKODA AUTO Group* had generated a clearly positive operating profit of 469 million euros. The other key financial figures also reflect the general stabilisation; however, they continue to be strongly influenced by the effects of the measures to contain the coronavirus pandemic. ŠKODA AUTO’s revenue in the first three-quarters of 2020 amounts to over 12 billion euros, and the return on sales is 3.9%.



ŠKODA AUTO gained considerable momentum in the third quarter following the heavy burden on the company’s deliveries and financial figures in the first half of the year due to the extensive restrictions imposed worldwide to contain the first wave of the COVID-19 pandemic.



ŠKODA AUTO was able to deliver 295,200 vehicles to customers thanks to the sales channels recently returning to stable operation and the implementation of restart programmes tailored specifically to the market conditions. In total, the company delivered 721,900 vehicles to customers in the first three quarters, a year-on-year drop of 21.0%.


The reasons for this include the significant disruption to markets and production losses due to the 39-day factory shutdown during the second quarter.



These cannot be compensated for in the Czech Republic at present, as further COVID-19-related production constraints might be imposed this year. In September, ŠKODA AUTO delivered 104,600 vehicles, up 2.6% on the previous year. The operating profit of the ŠKODA AUTO Group* in the first three quarters amounted to 469 million euros, and the return on sales stood at 3.9%.



Klaus-Dieter Schürmann, ŠKODA AUTO Board Member for Finance and IT, emphasises:  “The key financial figures for the third quarter prove that our strict cost discipline is paying off. Our additional short-term programme to reduce costs and capital expenditure is taking effect, as are the measures to optimise our current assets and liquidity. We are monitoring the current development of the COVID-19 situation very closely. We are going to take further steps to mitigate the financial impact of the increasingly stringent measures to contain the virus.”



The company is committed to its medium-term goals and is pursuing the most ambitious model campaign in the company’s history. At the beginning of September, the all-electric  ŠKODA ENYAQ iV celebrated its world premiere in Prague. The international market launch of the brand’s first series model based on the Volkswagen Group’s Modular Electrification Toolkit (MEB) will take place in the spring of 2021. The car manufacturer expects the new SUV to provide further positive impetus and win over more customers to the ŠKODA brand.



ŠKODA AUTO Board Member for Sales and Marketing Alain Favey emphasises: “Over the last three months, we have been able to reaffirm our successful course on the international markets. Our dealers have been working tirelessly throughout the year to provide customers with the best possible service in this unprecedented situation. In addition, our restart programmes have had the intended effect.



Our market share in the European Union had reached a record level of 5.4% by the end of September, up 0.6 percentage points year-on-year. Moreover, we were able to increase our order intake and deliveries in September compared to the same month last year. The further development of our vehicle deliveries is directly linked to the course of the current COVID-19 wave. It is therefore not possible to make a reliable forecast for the fourth quarter.”



 

* ŠKODA AUTO Group comprises ŠKODA AUTO a.s, ŠKODA AUTO Slovensko s.r.o.,  ŠKODA AUTO Deutschland GmbH, SKODA AUTO Volkswagen India Private Ltd. and a share in the company OOO VOLKSWAGEN Group RUS.

** Percentage deviations are calculated from non-rounded figures.


*** Comprises production in the ŠKODA AUTO Group, excluding production at partner assembly plants in China, Slovakia, Russia and Germany, but including other Group brands such as SEAT, VW and Audi; vehicle production excluding part/complete kits.


**** Comprises ŠKODA AUTO Group sales to distribution companies, including other Group brands such as SEAT, VW, Audi, Porsche and Lamborghini; vehicle sales excluding part/complete kits.




ŠKODA delivers 721,900 vehicles worldwide in the first nine months


In the first three quarters of the year, the Czech automobile manufacturer delivered 721,900 vehicles to customers worldwide (January to September 2019: 913,700 vehicles; -21.0%).



In Western Europe, deliveries fell by 21.2% in the first nine months of the year to 312,900 vehicles (January to September 2019: 397,300 vehicles). In its second-largest single market, Germany, the company recorded 113,200 deliveries to customers in the first three quarters of 2020  (January to September 2019: 146,300 vehicles; -22.6%). In Norway, the number of vehicles delivered rose by 3.2% to 5,400 vehicles (January to September 2019: 5,200 vehicles).



In Central Europe, ŠKODA delivered 134,700 vehicles in the first nine months of the year  (January to September 2019: 159,500 vehicles; -15.6%). In its domestic market,  the Czech Republic, deliveries to customers in this period fell by 11.3% to 62,300 vehicles (January to September 2019: 70,300 vehicles).



In Eastern Europe excluding Russia, ŠKODA recorded 27,400 vehicle deliveries between January and September, which represents a decline of 26.2%  (January to September 2019: 37,200 vehicles).



In Russia, ŠKODA grew by 6.0% in the first three quarters of the year, delivering 65,200 vehicles (January to September 2019: 61,500 vehicles).



In China, the company’s largest single market worldwide, ŠKODA delivered 124,900 vehicles in the first nine months of the year (January to September 2019: 194,500 vehicles; -35.8%).



In India, deliveries to customers from January to September fell to 6,800 vehicles  (January to September 2019: 10,800 vehicles; -36.6%).



In Turkey, ŠKODA recorded 15,800 vehicle deliveries in the first three quarters of the year, an increase of 91.8% over the same period last year (January to September 2019: 8,200 vehicles).





ŠKODA brand deliveries to customers in the third quarter of 2020 (in units, rounded off, listed by model; +/- in per cent compared to the third quarter of 2019):



ŠKODA OCTAVIA (189,400; -29.6%)

ŠKODA KAROQ (96,500; -13.2%)

ŠKODA KODIAQ (96,300; -20.2%)

ŠKODA KAMIQ (90,600; +154.5%)

ŠKODA FABIA (77,600; -44.4%)

ŠKODA SUPERB (61,000; -20.8%)

ŠKODA RAPID (54,300; -50.5%)

ŠKODA SCALA (46,300; +120.9%)

ŠKODA CITIGO (only sold in Europe: 9,900; -)



Tomáš Kotera - photos Skoda

Permanent-URL: http://www.automobilsport.com/skoda-auto-operating-profit-million-euros-first-three-quarters-2020---215229.html

30.10.2020 / MaP

More News

Ducati records the best third quarter ever despite the complex global situation
30.10.2020
The third quarter closed with 14,694 total motorcycles delivered worldwide       A total of 4,468 motorcycles were delivered in September, of which the Panigale, Ducati Scrambler and Mul more >>
Harris Williams Advises Parts Authority on its Sale of a Majority Interest to Kohlberg & Company, LLC
30.10.2020
Harris Williams, a global investment bank specializing in M&A advisory services, announces that it advised Parts Authority, a portfolio company of The Jordan Company (TJC), on its sale to Kohlberg & Company, LLC (Kohlberg).  Parts Authority is a more >>
Volkswagen brand recovers from Covid-19 slump in third quarter and confirms outlook
30.10.2020
Third-quarter deliveries almost on a level with previous year; year-to-date decline of 18.6 percent  Sales revenue of EUR 47.2 billion in the first nine months; rate of year-on-year decline has narrowed to –27.9 percent after three quarters  Return to profitable territory in third quarter, nine-month operating result before special ite more >>
Audi Group achieves breakeven thanks to strong third quarter - report
30.10.2020
   Strong third quarter: deliveries and revenue up year-on-year, operating profit clearly positive         First nine months: 1.2 million Audi brand vehicles delivered, revenue of €33.3 more >>
Porsche records operating result of two billion euros
30.10.2020
Success in uncertain times: 10.4 percent return on sales   In the first three quarters of 2020, Porsche generated an operating result of 2.0 billion euros despite the worldwide coronavirus pandemic. With revenue of 19.4 billion euros, more >>
UK Car production falls -5.0% in worst September since 1995
30.10.2020
... as industry issues plea for vital Brexit deal    UK car manufacturing output falls -5.0% in September to 114,732 units – the lowest level for 25 years.    Exports decline -9.7% to 8 more >>
British engine production declines -2,4% in weakest September since 2014
30.10.2020
UK ENGINE MANUFACTURING data for September 2020    216,643 UK engines built in September as output declines -2.4%, marking worst September since 2014 1.    Production for domestic and overseas markets fal more >>
MITSUBISHI MOTORS Announces Production, Sales and Export Figures for September 2020 and First Half of Fiscal 2020
29.10.2020
September 2020     Fiscal Year 2020 (20/4-20/9)     Calendar Year 2020 (20/1-20/9) Volume(unit)     YoY(%)     Volume(unit)     YoY(%)     Volume(unit)     YoY(%) more >>
Groupe PSA announces the successful completion of the sale of part of its stake in Faurecia
29.10.2020
Groupe PSA announces the successful completion of the sale of part of its stake in Faurecia   IMPORTANT NOTICE By reading the following communi more >>
Groupe PSA announces the launch of the sale of part of its stake in Faurecia
28.10.2020
Peugeot S.A. (“Groupe PSA”) launches today the sale of 9,663,000 Faurecia shares, representing approximately 7% of Faurecia’s share capital, further to the press release published by Groupe PSA earlier today relating to the merger process between Fiat Chrysler Automobiles N.V. (“FCA”) and Groupe PSA.   more >>
FCA and Groupe PSA Boards note continued progress towards merger completion and agree additional steps
28.10.2020
...including in respect of Faurecia stake distribution to Stellantis shareholders Fiat Chrysler Automobiles N.V. (" FCA ") (NYSE : FCAU/MTA : FCA) and Peugeot S.A. (“Groupe PSA”) continue to advance towards the completion of their proposed combination more >>
Groupe PSA Q3 2020 Auto revenue: back to growth
28.10.2020
•    Automotive division[1] revenue up 1.2% at €12 billion driven by a recurring strong product mix and pricing policy;•    Group revenue down 0.8% at €15.5 billion;•    Success of recent launches with an increasing mix of electrified versions contributing to CO2 leadership;&b more >>
UNCTAD - Global foreign direct investment falls 49%, outlook remains negative
27.10.2020
The biggest drops occurred in developed countries, cutting across all major forms of foreign direct investment.   Global foreign direct investment (FDI) flows fell 49% in the first half of 2020 compared to 2019, more >>
Lexus records one million sales in Europe
26.10.2020
    Landmark achievement falls in Lexus’ 30th anniversary year in Europe*    Brand debuted with a single model in 1990    Today’s success founded on self-charging hybrid electric power, distinctive styling and industry-leading customer care and service more >>
Kia Motors announces Q3 2020 business results
26.10.2020
    Q3 revenue increased 8.2% Y/y to KRW 16.32 trillion       Global vehicle sales totaled 699,402 units in Q3, down 0.4% Y/y    Q3 operating profit declined 33% to KRW 19 more >>
Renault Group Revenues of €10,374 million in the third quarter of 2020
23.10.2020
    Group revenues reached €10,374 million (-8.2%) in the quarter. At constant exchange rates and perimeter[1], the decrease would have been -3.2%.    The Group sold 806,320 vehicles in the third quarter, down 6.1%.    September showed a positive momentum, particularly marked in Europe, where Group&rsq more >>
Karin Radström takes over management of Mercedes-Benz Trucks on 1 February 2021
22.10.2020
Karin Rådström will start her appointment as Member of the Board of Management, Daimler Truck AG, responsible for Mercedes-Benz Trucks, on 1 February 2021. Rådström most recently has been responsible for more >>
Hyundai Motor rises to top five Automotive Brands in Interbrand's 2020 Global Brand Ranking
20.10.2020
    Hyundai’s Global Brand Value rose 1 percent year-on-year to $14.3 billion, ranking fifth among global automotive brands and 36th overall     Hyundai more >>
Ad-hoc announcement: Preliminary free cash flow for the Automotive segment of BMW AG in the third quarter of 2020 above
19.10.2020
The preliminary free cash flow for the Automotive segment of BMW AG in the third quarter 2020 amounts to €3,065 million (previous year: €714 million) and thus exceeds current market expectations. This was due in particular to a faster recovery in more >>
Porsche reports robust demand in the first nine months
16.10.2020
Cayenne and 911 increasingly popularIn the first three quarters of 2020, Porsche delivered 191,547 vehicles to customers worldwide. Compared to the same period in the previous year, this was a reduction of five percent. “Porsche is demonstrating resili more >>
Volkswagen Group invests in automation for Emden, Hannover and Chattanooga plants
15.10.2020
   Volkswagen Passenger Cars and Volkswagen Commercial Vehicles brands step up pace of transformation to e-mobility era    More than 2,200 new robots ordered for planned production of electric cars at Emden, Hanover and Chattanooga    These are to become the most advanced production plants in the industry more >>
Euisun Chung Inaugurated as Chairman of Hyundai Motor Group, Opening a New Chapter in History
14.10.2020
    Chairman Mong-Koo Chung inaugurated as Honorary Chairman of the Group    Inauguration unanimously endorsed by board members of Hyundai Motor, Kia Motors and Hyundai Mobis    Euisun Chung has been recognized for successful leadership as Executive Vice Chairman of the Group over past two years   more >>
Toyota Motor Europe outperforms the market as more customers choose hybrid
14.10.2020
    TME sales rebound with 715,081 vehicles sold between Jan-Sept 2020, down -15% but outperforming the market which fell by -25%    Strong customer demand for its hybrid line-up increased share to 6.1%, up by 0.8 ppts    Multi-powertrain strategy boosted by launches of New Yaris Hybrid, RAV4 Plug-in Hybrid more >>
Daimler and Swiss Re launch new company Movinx to transform automotive and mobility insurance business
12.10.2020
    Movinx is a 50/50 joint venture of Daimler Insurance Services and Swiss Re.       Partners aim to transform and innovate automotive and mobility insurance with fully digital business model an more >>
BMW Group posts solid third-quarter sales growth
07.10.2020
BMW Group sells 675,680 units in third quarter (+8.6%) - Europe region delivers 275,618 vehicles to customers in Q3 (+7.1%) - China up 6.4% after first nine months (559,681 vehicles) - Sales situation still reflects regional impact of coronavirus pandemic - Pieter Nota: “Sales growth of almost 50 percent for electrified vehicle more >>
New Mercedes−Benz strategy announced − targeting structurally higher profitability
06.10.2020
    New Mercedes-Benz strategy for the car business unveiled today at a virtual investor and analyst conference.    The new strategy will enhance the Mercedes-Benz brand’s luxury status, raise the product portfolio’s posit more >>
Mitsubishi Motors South Africa increases market share in a tough market with the launch of the new Pajero Sport
06.10.2020
•    Mitsubishi Motors South Africa improves sales thanks to most stylish Pajero Sport to date•    Mitsubishi claims market share in incredibly competitive segments•    New Pajero Sport Exceed plays a major role in increased sales more >>
NIO Inc. Provides September and Third Quarter 2020 Delivery Update
06.10.2020
Company Achieved New Record-High Monthly and Quarterly Deliveries  NIO delivered 4,708 vehicles in September 2020, increasing by 133.2% year-over-yearNIO delivered 12,206 vehicles in the three months ended September 2020, increasing by 154.3% year-over-yearNIO began deliveries of the EC6 in late September 2020 more >>
Kia Motors announces September global sales
05.10.2020
    September global sales at 260,023 units, up 10.3 percent y/y    Korea sales increased 21.9 percent y/y to 51,211 units    Sales outside of Korea climbed 7.7 percent y/y to 208,812 units    Kia expects strong sales momentum to continue in the second half with expanded SUV line more >>
A record September for Automobili Lamborghini
02.10.2020
Automobili Lamborghini has achieved a record September in terms of commercial results with 738 units delivered to customers in one month: its best September ever. A consistently positive trend over the last three months resulted in 2,083 units delivere more >>
Strong September Sales for Honda and Acura Adds to Momentum Gained in 3rd Quarter
02.10.2020
    Honda brand sales climb 11% as trucks set September record with 20.4% jump    Honda Passport and CR-V set September sales records, gaining 48.1% and 29.6% respectively    Acura September sales increased 16.6% on strong performances from MDX, RDX and ILX  more >>
BMW of North America Reports Q3 2020 Sales Results
02.10.2020
    Consumer Demand for BMW Brand Vehicles Outpaces Projections.    High-Percentage of New Vehicles Arriving Pre-Sold to Customers.    Sales Momentum Built Throughout the Quarter Ending with a Record September. BMW of North America announced today Q3 2020 sales results for th more >>
MITSUBISHI MOTORS Announces Production, Sales and Export Figures for August 2020
30.09.2020
August2020     Fiscal Year 2020 (20/4-20/8)     Calendar Year 2020 (20/1-20/8) Volume(unit)     YoY(%)     Volume(unit)     YoY(%)     Volume(unit)     YoY(%) more >>
Groupe PSA and FCA announce Stellantis Board membership
29.09.2020
Fiat Chrysler Automobiles N.V. (“FCA”) (NYSE: FCAU / MTA: FCA) and Peugeot S.A. (“Groupe PSA”) announce the composition of the Board of Directors of Stellantis, the new company that will result from the combination of their respective businesses.  more >>
Chairman and CEO of Automobili Lamborghini, Stefano Domenicali, will leave leadership of the Italian super sports car company for a new professional role
25.09.2020
  Automobili Lamborghini announces that Chairman and CEO Stefano Domenicali will leave his position leading the Italian super sports car company to take on a new and prestigious professional role from January 2021. Since joining Lamborgh more >>
Wayne Griffiths named new President of SEAT
23.09.2020
    As SEAT’s new president, Wayne Griffiths will lead the company and its two brands from October 1st    In his current role as head of sales and marketing, Griffiths has been instrumental in driving record sales at SEAT for the past years – he has also been a key pillar in establishing the CUPRA brand  & more >>
Shareholders agree 6-month lock-up on Faurecia shares
17.09.2020
Fiat Chrysler Automobiles N.V. (“FCA”) (NYSE: FCAU / MTA: FCA) and Peugeot S.A. (“Groupe PSA”) communicate that following a request from the Companies in the context of their recently announced amendment to their combination agreement, EXOR, EFP/FFP, Bpifrance and DFG have each agreed to be subject to a lock-up of their Faurecia shares until the end of the more >>
Unicorn Investor HOWZAT and Tech Advisory Specialist ennea combine forces
16.09.2020
HOWZAT Partners (“HOWZAT”) and ennea capital partners (“ennea”) are joining forces as HOWZAT ennea Group (“HOWZAT ennea”) to create one of Europe’s leading early to mid-stage investment, M&A and advisory businesses.HOWZAT is a unicorn investor and one of the top 3 travel technology investors globally*. more >>
FCA and Groupe PSA amend their Combination Agreement to further strengthen Stellantis’ opening capital structure
14.09.2020
•    FCA special dividend set at €2.9 billion; Groupe PSA’s Faurecia stake to be distributed post-closing to all Stellantis shareholders•    Amendments preserve the balance of original Combination Agreement•    Annual estimated run-rate synergies increased to in excess of €5 billion more >>
2001-2021 copyright automobilsport.com