Skoda releases sales, income and profits for teh first quarter of the year, and they are significantly higher than 2015.

• 6.4% sales revenue increase to 3.4 billion euros
• Operating profit increased 30.2% to 315 million euros
• ŠKODA’s new flagship SUPERB is among the growth factors

ŠKODA’s growth continues: The Czech automaker’s deliveries, sales revenue and operating profit have increased over the first three months of this year. This was ŠKODA’s strongest start to a new year ever, with sales increasing 4.3% to 276,600 vehicles in the first quarter. 

Sales revenue increased 6.4% in the same period to 3.379 billion euros; operating profit rose 30.2% to 315 million euros.

“ŠKODA has made an excellent start to the year,” says ŠKODA CEO Bernhard Maier, adding, “We have seamlessly continued the success of last year into the first quarter of 2016. We owe this especially to our strong model range, with the new ŠKODA SUPERB as an additional driving force, our highly motivated workforce and our commercial partners in the markets. The encouraging sales figures and strong financial results of the first quarter provide a solid foundation for further profitable growth. Our next model campaign begins with the upcoming launch of the new ŠKODA KODIAQ.” 

ŠKODA’s sales revenue rose 6.4 % to 3.379 billion euros between January and March 2016 (first quarter of 2015: 3.175 billion euros). Operating profit increased 30.2 %, reaching 315 million euros (first quarter of 2015: 242 million euros). Operating margin rose to 9.3% after 7.6% in the first quarter of the previous year. The higher profitability was primarily due to positive mix effects and better product costs.

“Thanks to this strong first quarter, ŠKODA’s profitable growth has continued and the company has again confirmed its financial strength and profitability,” explains ŠKODA CFO Winfried Krause. “Although the economic conditions remain challenging and the situation in some markets is difficult, we can build on our financial strength,” adds Krause.

ŠKODA AUTO Group – Key figures quarterly comparison, January to March 2016/2015*:

				January - March		2016/2015
				2016	2015	% Change
Deliveries to customers (DTC)		Cars		276,600	265,100	4.3
DTC without China		Cars		201,200	193,400	4.0
Production		Cars		197,800	186,400	6.1
Sales		Cars		207,100	196,100	5.6
Sales revenue		Million EUR		3,379	3,175	6.4
Operating profit		Million EUR		315	242	30.2
Operating profit as % of sales revenue		%		9.3	7.6	-
Investments (w/o capitalized development costs)		Million EUR		71	68	3.8
Net liquidity		Million EUR		3,393	2,395	41.7

*Deviations in the percentages are due to calculations using unrounded figures.

** Vehicle production excluding CKD units