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ŠKODA AUTO generates a return of over 6% in 2021 regardless of the pandemic and semiconductor shortages

ŠKODA AUTO generates a return of over 6% in 2021 regardless of the pandemic and semiconductor shortages

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ŠKODA AUTO elevated its earnings prior to now fiscal yr in comparison with 2020 regardless of the pandemic and the scarcity of semiconductors. The ŠKODA AUTO Group’s* income quantities to 17.7 billion euros (2020: 17.1 billion euros; +3.9%). Working revenue elevated considerably year-on-year to 1.08 billion euros (2020: 756 million euros; +43.2%). The return on gross sales is recovering; at 6.1%, it’s considerably above the earlier yr. The corporate anticipates main uncertainties because the yr progresses as a result of battle in Ukraine and the related provide bottlenecks. ŠKODA AUTO, due to this fact, stays dedicated to its effectivity programme.

The corporate achieved an working revenue of over one billion euros (1.08 billion euros) in 2021 regardless of the pandemic and the semiconductor scarcity. A big a part of the consequence is because of a robust first half-year. Revenues prior to now fiscal yr amounted to 17.7 billion euros (+3.9%), and the return on gross sales was 6.1%, which is considerably increased than final yr. The corporate elevated its internet money movement by 160% to 554 million euros. After a robust first half-year, the chip scarcity led to restrictions in manufacturing because the yr progressed. Due to centered gross sales administration, optimising the manufacturing combine and the sale of automobiles with higher-value gear, income in 2021 surpassed the earlier yr’s efficiency regardless of decrease deliveries. Strict price administration additionally stabilised the consequence within the fourth quarter.

ŠKODA AUTO CEO Thomas Schäfer emphasises: “ŠKODA AUTO has demonstrated a excessive diploma of resilience and suppleness prior to now fiscal yr. Our enterprise is strong – and that is additionally mirrored in the important thing monetary figures, which have developed positively in comparison with the earlier yr. Due to an incredible workforce effort by all 45,000 Škodians, we managed to ship 878,200 automobiles to prospects worldwide. Our all-electric ENYAQ iV considerably exceeded our expectations with virtually 45,000 models delivered. We’re constructing on this sturdy momentum with new fashions together with the emotive ENYAQ COUPÉ iV, the refreshed KAROQ and the sporty FABIA MONTE CARLO. On the identical time, we face nice uncertainties as a result of battle in Ukraine. We’re repeatedly analysing the influence of this on our enterprise.”

Christian Schenk, ŠKODA AUTO Board Member for Finance and IT, provides: “2021 was an especially difficult fiscal yr. We handled the scenario calmly and in line with our ‘Merely Intelligent’ philosophy. We have been in a position to improve our working revenue in comparison with the earlier yr to over one billion euros because of a united workforce efficiency. Income additionally developed positively regardless of low gross sales figures ensuing from manufacturing constraints. We have been in a position to enhance it to 17.7 billion euros via gross sales combine optimisation despite the momentary manufacturing cease as a result of partial unavailability of elements within the second half of the yr. We elevated profitability because of our constant price and effectivity administration. In 2022, we are going to primarily be specializing in persevering with our profitable disaster administration and effectivity programme with the intention to safeguard our enterprise as a lot as attainable in these troublesome occasions.”

Karsten Schnake, ŠKODA AUTO Board Member for Buying, explains: “The tight semiconductor provide scenario dampened our development final yr. Due to the immediate resolution to provide unfinished automobiles for later completion, we have been in a position to stabilise our consequence. I thank the Semiconductor Process Power for his or her unbelievable efforts. We are able to now look ahead with cautious optimism and count on a major enchancment within the provide of semiconductors from the second half of the yr.”

Constant price administration and annual investments of two billion euros

The Czech automobile producer can be persistently pursuing its NEXT LEVEL EFFICIENCY programme to additional improve effectivity this yr. On the identical time, the corporate can be investing two billion euros yearly over the approaching years. The investments will concentrate on the additional electrification of the mannequin vary and compliance with new emission requirements. For the remainder of the yr, ŠKODA AUTO anticipates that the provision of semiconductors will enhance within the second half of the yr. The Czech automobile producer additionally expects the battle in Ukraine to have a major influence on its working enterprise.

ŠKODA AUTO Group* – key figures from January to December 2021**

2021 2020 Change in %
Deliveries to prospects automobiles 878,200 1,004,800 -12.6 %
Deliveries to prospects excl. China automobiles 807,000 831,800 -3.0 %
Manufacturing*** automobiles 770,600 807,700 -4.6 %
Gross sales**** automobiles 783,800 849,200 -7.7 %
Gross sales income million EUR 17,743 17,081 +3.9 %
Working revenue million EUR 1,083 756 +43.2 %
Return on gross sales % 6.1 4.4
Investments in tangible belongings million EUR 782 850 -8.0 %
Web money movement million EUR 554 213 +160 %

* ŠKODA AUTO Group includes ŠKODA AUTO a.s, ŠKODA AUTO Slovensko s.r.o., ŠKODA AUTO Deutschland GmbH, SKODA AUTO Volkswagen India Non-public Ltd. and a share within the firm OOO Volkswagen Group Rus.
** Share deviations are calculated from non-rounded figures.
*** includes manufacturing within the ŠKODA AUTO Group, excluding manufacturing at accomplice meeting crops in China, Slovakia, Russia and Germany, however together with different Group manufacturers similar to SEAT, VW and AUDI; car manufacturing excluding half/full kits.
**** includes ŠKODA AUTO Group gross sales to distribution firms, together with different Group manufacturers together with SEAT, VW, AUDI, PORSCHE and LAMBORGHINI; car gross sales excluding half/full kits

SOURCE: ŠKODA

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