#ExploreSkoda News: Škoda Auto delivers solid performance in first quarter, strengthens position in European market

#ExploreŠkoda Podcast 2.0

Mladá Boleslav, 2 May 2024 – Škoda Auto has begun 2024 with solid financial and sales results. Demand for the Czech car manufacturer’s models remains high: in the first three months of the year, Škoda Auto delivered 220,500 vehicles worldwide (+5.2%), while the order books continue to show promise. The return on sales (RoS) remains robust at 8.1%. Net cash flow reached €457 million (+10.7%). In the first quarter, there was a modest decline in sales revenue by 3.2%, totalling €6,574 million compared to the previous year, with an operating profit of €535 million, a decrease of 1.3%. This was partly due to rising material costs. In Germany, Škoda Auto’s largest single market, the company delivered 43,500 cars between January and March, up 3,300 units from the previous year. This represents the highest growth in deliveries for the brand in the first quarter of 2024. Poland and Ireland ranked second and third in sales growth. The Octavia remains the brand’s top-selling model, with 61,200 units delivered (+36%). Production of the upgraded version began in early April at the main plant in Mladá Boleslav. Additionally, the all-electric Enyaq model recorded global deliveries of 14,000 units, an increase of 12.3% compared to the same period in 2023.
This article was read by AI-generated voice.