Home » Business » Škoda Auto’s operating profit fell by more than half due to the pandemic

Škoda Auto’s operating profit fell by more than half due to the pandemic

Last year, Škoda Auto’s operating profit fell by 54.4 percent to 765 million euros (20 billion crowns). Lower sales due to the coronavirus pandemic, exchange rate developments and extraordinary emissions-related expenditures contributed to the decline. Revenues of the Mladá Boleslav carmaker fell by 13.8 percent to 17.1 billion euros (447.8 billion crowns), the parent company Volkswagen announced.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.