‘Investments are paying off’

ŠKODA has reported a 6.2% rise in sales in the first three quarters of 2016 compared to the same period last year.

It delivered 840,900 vehicles worldwide in the first nine months with sales revenues increasing by nine per cent to €10.1bn in the same period, while operating profits rose 28.1%.

CEO Bernhard Maier said, ‘The investments into ŠKODA’s model campaign are paying off. In the current year, sales and earnings are exceeding our plans. The pleasing sales and financial figures provide a solid foundation for further profitable and sustainable growth. We also expect further positive impulses from the brand’s SUV campaign, which is now starting with the new ŠKODA Kodiaq.’

Chief financial officer Klaus-Dieter Schürmann added, ‘ŠKODA has grown profitably in the third quarter of this year. The improvement in earnings was mainly due to increased vehicle sales, a better mix of models, as well as optimized material costs.’