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Škoda Auto’s operating profit fell by 30.6 percent in the first half of the year

The Russian-Ukrainian conflict also affects the results. In your results message this was announced by parent concern Volkswagen on Thursday.

Sales for January to June remained almost unchanged, amounting to EUR 10.2 billion (CZK 250.4 billion).

Škoda Auto delivered 447,000 cars to customers, which is 3.5 percent less than a year ago. The decline in sales in Europe was partially offset by growth in India. In particular, sales of the Enyaq iV model increased.

Škoda Auto operates three production plants in the Czech Republic, but also produces in China, Slovakia and India, mostly through group partnerships, and in Ukraine and Kazakhstan in cooperation with local partners. It operates in more than 100 markets.

At the beginning of March, Škoda Auto announced that due to the Russian invasion of Ukraine, it would suspend production at its Russian plants in Kaluga and Nizhny Novgorod and stop exporting cars to Russia.

Last year, Russia was the second largest market for it.

Citing an informed source, the newspaper Vedomosti wrote on Wednesday that Volkswagen is considering selling its plant in Kaluga to the Kazakh car manufacturer Asia Auto. He has a license to manufacture Volkswagen and Škoda cars.

The operating profit of the parent concern Volkswagen without extraordinary items increased by 16.1 percent to more than 13 billion euros in the first half of the year. Sales increased by two percent to 132.3 billion euros.

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