At Skoda, Ringing The Cash Register

Article: At Skoda, Ringing The Cash Register

Skoda dealers delivered already from 664 000 cars

Deliveries of the Skoda dealer put in the first three quarters by 16.8 percent. Operating profit grew by 83.1 by Skoda Percent to 575 million.

The Czech VW subsidiary Skoda have continued in the first nine months of 2011 with new record figures for sales, earnings, and his record sales price. Revenues grew from January to September compared to the same period by 21.2 percent to 7.6 billion €. At the same time, operating profit increased by 83.1 percent to 575 million € and tops that after three quarters of the year had the value of the entire year. Deliveries of the Skoda dealer customer came in the first nine months of 664 800 vehicles is also a new record, up 16.8 percent over the same period last year.

Skoda dealers sell the first Citigo

“Skoda has excellent form and has spent the first nine months of the year achieved sales, revenues and earnings new records,” says Skoda’s CEO Prof. Dr. hc Winfried Vahland. “We set the Skoda growth strategy consistently. In the first nine months we have invested heavily in our growth while strengthening our financial position. This paves the way for the coming years are made, “said Vahland. “With the new small car Citigo introduced in India and the rapid roll our model offensive in recent weeks. In the following section in the coming years, every six months a new Skoda model. By 2018 we want to increase our worldwide sales of at least 1.5 million vehicles. ”

More employees at Skoda

The increased sales of Skoda dealers left side sales and earnings in the first nine months still climbed another key figure. € 588 million, profit before tax was compared to the same period more than doubled even. The net liquidity presented in the first three quarters to 2.1 billion €. Investments (including capitalized development costs) amounted during the planned model initiative at 30 September 2011 at 378 million euros (previous year: € 148 million). The number of employees at Skoda increased year on year to nearly 900 people.

Source: cars-blog.info

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