TNBiz (TNBiz)
Czech markets  |  August 02, 2011 10:25:10

Skoda sales from January to June increased by more than a quarter (August 2, 2011)


Mlada Boleslav (MEDIAFAX) - Sales Mladoboleslavská car damage from ledna by June 2011 increased by more than a quarter (plus 25.7 percent) to 5.4 billion euros (about 130.5 billion CZK). The company said it on Tuesday.

Operating profit in the same period increased by 81.5 percent to 412 million euros (9.9 billion CZK). Deliveries to customers rose by 20.1 percent to 454,698 cars (last year: 378,747 units).

Profit before tax was 388 million euros (9.4 billion CZK), which compared to the first half of 2010 was an improvement of 81.3 percent. Net liquidity in the first six months improved to two billion euros (48.3 billion CZK). At 31 December 2010 it was 1.6 billion euros (38.7 billion CZK).

"The damage in the first half in all areas developed at a fast pace," says company chairman Winfried Vahland. "Our employees have managed to turn Skoda's growth strategy, started last year in impressive sales and financial results. In the second half in the coming years we will rigorously pursue this strategy. With a clear objective to increase global sales by 2018 to at least 1.5 million cars, "he added.

To this end, the company wants to quickly strengthen its position in international markets and expand model range. "Already at the end of 2011, our product by introducing an urban offensive pulls the car Skoda brand," said Vahland.

Board member companies for the area of ??economics Winfried Krause says, "I wish in the first half of 2011 further strengthened its financial base and global competitiveness. Contributed to significantly increased sales and improved model mix. Škoda has a solid financial base for further growth in coming years. "

Investment firms increased to 118 million euros (about CZK 2.9 billion). These funds were used to prepare model offensive and to expand the capacity of manufacturing plants in the Czech Republic.

Libor Popel, popela@mediafax.cz

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