One day after it revealed the all new Octavia facelift, Skoda also published its financial evolution over the last three quarters of this year. No surprise, the Czech manufacturer is high on sales.
In the first nine months of 2016, the automotive manufacturer’s sales revenue rose by 9.0% to 10.1 billion euros (January to September 2015: 9.3 billion euros). Skoda also achieved significant double-digit increases in operating profit, which increased by 28.1% to 940 million euros (January to September 2015: 734 million euros).
At the end of September 2016, the operating margin was 9.3% – again, Skoda surpassed the previous year’s figure of 7.9%. Net liquidity grew by 6.6% to 3.2 billion euros, with a simultaneous increase in capital investments amounting to 346 million euros (January to September 2015: 277 million euros).
“Skoda has grown profitably in the third quarter of this year,” says Skoda’s CFO Klaus-Dieter Schürmann, adding, “The improvement in earnings was mainly due to increased vehicle sales, a better mix of models, as well as optimized material costs.”