Škoda Auto delivered a record 568,990 vehicles to customers in the first nine months of 2010, helping the company to significantly increase its turnover (up 16.3% to £5.6 billion) and operating profit, which increased by 64.4% to £280 million, when compared to the same period last year.
“The positive financial figures for the first nine months of 2010 are the result of our sustained and profitable growth strategy,” said Prof. Dr. h.c. Winfried Vahland, chairman of the board of Škoda Auto a.s.
“We have never sold more cars in the first nine months of a year than we have done in 2010. We will continue on this path and, in doing so, we want to expand considerably in global growth markets such as Russia, India, and China, while at the same time strengthening our position in Europe.”
For the entire year of 2010, Vahland expects a clear increase in deliveries and the operating profit.
Deliveries of new models, such as Yeti, Superb, and Superb Estate significantly grew in the first nine months. Additionally, Škoda’s liquid assets grew, with net liquidity rising 58% to £1.6 billon year-to-date.
In Western Europe (excluding Germany), deliveries have continued to grow. A large share of this positive growth was due to a considerable increase in sales in markets such as the UK, France, Spain, Austria, Belgium, and Switzerland.
In the UK, Škoda is on course to record its most successful year ever with sales of 33,100 vehicles in the first nine months of 2010, up 23% when compared to the same period last year.