The growth was driven by a surge on the Chinese market, where Skoda saw it’s sales boom by 121.9 percent to 42,700 vehicles and by a positive trend in Central Europe, where Skoda sold 28,000 vehicles (a 12.9 percent increase), out of which 13,200 were delivered on the automaker’s domestic market (+26.6 percent).
The company’s revenues reached a total of $2.71 billion in Q1 2010, a figure that can be translated into a 32 percent increase over the one posted last year. Skoda’s operating profit increases from $41.5 million (Q1 2009) to $129.7 million (Q1 2010). The main factor behind this growth was new vehicle sales, with other factors including a good model mix and a positive exchange rates impact.
"The sales results show that the markets in Western Europe are recovering from the economic recession. The only exception is Germany, where the automotive market slumped by nearly 25 % over the first three months as compared with the same period of last year. As for our deliveries to customers, the decision to produce vehicles in China is apparently paying off, as the country continues growing very dynamically. Sales in the Czech Republic, the domestic market, are also positive - our market share has reached 33.5 %,“ said Reinhard Fleger, Skoda Auto BOD Member for Sales and Marketing.
“Despite the continuing uncertainty in markets worldwide, we expect the number of deliveries over the rest of this year to remain higher than in 2009.”
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