Škoda satisfied with sales ahead of relaunch
- 1 August 2022
- Posted by: Alan Feldberg
- Category: News
Škoda saw sales fall by 30% in the first half of 2022 compared to the same period last year, with 360,600 vehicles delivered worldwide.
The operating profit of €676m is 30.6% below the previous year, while the return on sales remains strong at 6.6%.
Škoda board member for finance and IT Christian Schenk, said: “The challenges we faced at the beginning of the year intensified in the second quarter. Nevertheless, Škoda is coping very well: although significantly fewer vehicles were delivered to customers due to the supply bottlenecks, and prices for energy and raw materials have increased costs considerably, we were able to maintain the robust return on sales of 6.6%, in the second quarter.
“Through strong teamwork, we’ll continue to address the challenges, especially the global supply chain disruptions and the impact of war in Ukraine. We are therefore consistently pursuing our Next Level Efficiency+ cost and efficiency programme.”
Škoda CEO Klaus Zellmer said: “Despite the many geopolitical and macroeconomic challenges, it’s clear that Škoda is crisis-proof. Our business is robust, demand for our models remains high and customers have stayed loyal to us in spite of the unavoidable waiting times. We expect the supply of semiconductors to further improve over the coming weeks and months. At the end of August, we’ll be presenting to the world our new brand identity that will reposition Škoda for the decade of transformation.”