Skoda Auto Q1 operating profit grows 65.2 pct to EUR185m

published:

updated:
29.04.2014 12:16

Frankfurt - Czech car maker Skoda Auto made an operating profit of EUR185m (Kc5.08bn) in the first quarter of this year, a growth of 65.2 percent compared with the first quarter of 2013, Skoda's parent company Volkswagen said on its website today.

foto

Montáž automobilu Škoda Roomster v závodě Škoda Auto ve Vrchlabí na Trutnovsku. Společnost dokončila přesun výroby modelu Roomster z Kvasin na Rychnovsku. Montáž Roomsterů zaplnila kapacity uvolněné po ukončení výroby modelu Octavia Tour loni v listopadu. Roomster se nyní v závodě vyrábí na tři směny. ČTK ČTK

Skoda's biggest markets are China and Germany. The company said earlier this month that it had sold a record 247,200 cars in January-March, an increase of 12.1 percent year-on-year.

In March alone, Skoda's car sales rose by 14.6 percent on the year to 96,100 units.

The figures for Q1 and March were the best quarterly as well as monthly sales results in Skoda's history.

In 2013, Skoda delivered a total of 920,800 cars to customers, a decrease of 2 percent compared with the previous year, according to information the company released earlier.

Volkswagen's operating profit increased by 22 percent to EUR2.9bn (almost Kc80bn) in the first quarter of 2014, the concern said on its website. But it noted that a market environment remains difficult.

Volkswagen is the biggest car producer in Europe. Apart from flagship brands VW and Skoda, the concern comprises brands Audi, Bentley, Bugatti, Lamborghini and Seat. In 2012, it took over sports car producer Porsche.

The company also produces lorries under the VW, Scania and MAN brands, and controls motorcycle producer Ducati.

Written by:
www.ctk.cz

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