Skoda Loses Significantly In Sales

2023 Author: Eric Donovan | [email protected]. Last modified: 2023-08-25 09:36

Skoda had to accept a decline in sales in the first nine months of the year. Revenues at the VW subsidiary decreased by 6.4 percent to 7.37 billion euros.

The VW subsidiary Skoda lost significant sales in the first nine months of the year due to the start of production of the new Octavia and the sales crisis in Europe. As the company announced on Thursday, revenues as of September were 7.37 billion euros, 6.4 percent less than in the same period last year. The operating result as of September was 371 million euros, a decrease of 34.6 percent compared to the first nine months of the previous year. In the third quarter, however, the operating result grew by 8.8 percent to 128 million euros.

Return of five percent

"Skoda was in the first three quarters despite the difficult conditions and in a period of high investment, operating profit with a return of five percent at a solid level hold," said Chief Financial Officer Winfried Krause. Meanwhile continues the upward trend for Skoda away again.

So could the Car manufacturers will deliver 685,000 vehicles to customers by the end of September; monthly sales rose by 3.3 percent. This year alone, Skoda is bringing eight new or completely redesigned models onto the market, including the Octavia, the Rapid Spaceback and the Yeti. (AG / FM)