ŠKODA continues it's path of success. They increased its deliveries, turnover & profit in the first half of 2015.

• Delivery record: 544,300 vehicles; + 4.2%
• Sales increase by 7.5% to 6,400 million euros at end-June
• Operating profit: 522 million euros; + 22.8%

ŠKODA continues on the path of success. The manufacturer increased its deliveries, turnover and operating profit in the first half of 2015. Deliveries rose 4.2% to a new record of 544,300 units between January and June. 

The turnover had increased by 7.5% to 6.421 million euros, surpassing for the first time the figure of six billion euros in the first half of the year. Meanwhile, operating profit grew by 22.8% compared with the same period last year, reaching 522 million euros.

"ŠKODA has grown profitably during the first half of the year," explains Chairman of the Board of ŠKODA, Winfried Vahland. "Our full range of modern and stylish vehicles has been very well received by customers. 

The excellent sales results in Central and Eastern Europe have compensated for the demanding market conditions in Russia, Ukraine and in the last two months, also in China."

ŠKODA's turnover grew 7.5% during the first half of 2015 and amounted to 6.421 million euros (first half 2014: 5.974 million). The corresponding operating profit for the same period stood at 522 million euros (first half 2014: 425 million), representing an increase of 22.8%. 

The operating margin rose to 8.1%, after 7.1% in the first half of 2014. The improvement in revenue was mainly due to lower cost of materials. Net liquidity amounted to 2.696 million euros, while capital expenditures totaled EUR 146 million (January-June 2014: 149 million).

"Amid a partially difficult environment, ŠKODA has once again demonstrated its financial strength and profitability in the first half of the year," says ŠKODA CFO Winfried Krause. 

"The increase in net income and high liquidity are a good indicator of the financial health of the company. Given the volatility of the environment and the difficult conditions in some markets, strict cost discipline remains an essential role in the entire organization. "

 ŠKODA AUTO Group - Key figures in the first half of 2015/2014:

		Units		2015	2014	Change%
Deliveries to customers		vehicles		544300	522,500	+4.2
Excluding deliveries to China		vehicles		406,000	391800	+3.6
Production		vehicles		398,700	397,400	+0.3
Sales		vehicles		421300	425,500	-1.0
Billing		Million €		6,421	5,974	+7.5
operating profit		Million €		522	425	+22.8
Operating profit on turnover		%		+8.1	+7.1	-
Investments (excluding capitalized development costs)		Million €		146	149	-20
Net liquidity		Million €		2,696	1,855	+45.3