The Škoda Auto Group1) achieved a report income of €26.5 billion in 2023 (2022: €21.0 billion; +26.2%). The corporate considerably elevated its working revenue by 182.3% in comparison with the earlier yr to €1.8 billion (2022: €628 million euros). The Czech carmaker additionally improved its return on gross sales (RoS) to six.7% (2022: 3%). Globally, Škoda Auto delivered 866,800 automobiles to clients final yr (+18.5%). With 81,700 items offered, the Enyaq recorded the best share progress amongst all fashions (+52.1%), making it one of many top-selling BEVs in lots of European markets. By coming into the Vietnamese and Kazakh markets, the Czech automotive producer continued to implement its internationalisation technique. As well as, Škoda can be resolutely implementing its plans within the areas of digitalisation and electrification: The corporate is dedicated to investing billions of euros in e-mobility within the coming years. These strategic investments, coupled with the corporate’s sturdy monetary efficiency, are important for guaranteeing its long-term success within the quickly evolving automotive trade.

“With our outcomes for 2023, we now have as soon as once more demonstrated the resilience of our enterprise mannequin and nice flexibility. Our technique proves efficient and our numerous mannequin portfolio, which mixes one of the best of each worlds, continues to ring a bell with our clients. I sincerely thank all Škodians in addition to our retailers and companions around the globe for his or her continued efforts. They’re those who’ve made this potential below demanding circumstances and in a quickly altering atmosphere. We’re conscious that this result’s only a snapshot because the competitors retains rising whereas the worldwide markets and shopper confidence will stay unstable. But this strong basis and the strategic measures are essential for us to proceed to make the required investments in our future. In the present day we’re presenting the subsequent necessary step on this regard: The design research of our new all-electric metropolis SUV crossover Škoda Epiq, which will likely be formally unveiled in 2025 with a price ticket of round 25,000 euros, making e-mobility much more inexpensive.”

Klaus Zellmer, Škoda Auto CEO

“In 2023, we achieved the best income in our firm’s historical past; at 26.5 billion euros, a 26.2% enhance over the earlier yr. On the similar time, we greater than doubled our return on gross sales to six.7 per cent – with out the particular results from the discontinuation of our actions in Russia, it might even have been as excessive as 7.5 per cent. This impressively proves: Our Subsequent Degree Effectivity+ program is working, and the measures taken are having the specified impact. From this place of energy, we’re persevering with to speculate vital quantities in our ongoing transformation in the direction of e-mobility and digitalisation regardless of market fluctuations and geopolitical uncertainties.”

Holger Peters, Škoda Auto Board Member for Finance, IT and Authorized Affairs

“We achieved nice gross sales numbers in 2023 with the Enyaq securing fourth place amongst all battery-electric automobiles throughout Europe. In Germany, our most necessary single market, it took third place and in our home Czech market in addition to in Slovakia, it even was the top-selling electrical mannequin. We’ve got additionally made progress in different key strategic areas: By our Škoda X Innovation Hub, we now have constantly continued to digitalise the shopper journey across the automobile due to the combination of companies equivalent to Pay to Park or Pay to Gas. And we now have taken the appropriate steps to win over new clients to our model: Our latest entry into the necessary progress market of Vietnam is strengthening our model within the ASEAN area. Moreover, after establishing the strategic collaboration with our native associate in Kazakhstan we’re able to re-enter this promising market this yr.”

Martin Jahn, Škoda Auto Board Member for Gross sales and Advertising and marketing

Elevated deliveries, robust outcomes

In 2023, Škoda Auto efficiently delivered 866,800 automobiles to clients, an 18.5% enhance over the earlier yr. The all-electric Enyaq recorded by far probably the most substantial progress amongst all Škoda fashions at 52.1% YoY. Financially, the Škoda Auto Group experiences a report income of €26.5 billion in 2023 (2022: €21.0 billion; +26.2%). The corporate considerably elevated its working revenue by 182.3% over the earlier yr to €1.8 billion (2022: €628 million). The RoS additionally improved to six.7% (2022: 3%). Škoda Auto achieved these outcomes towards the backdrop of a difficult market atmosphere, geopolitical uncertainties, growing materials and commodity costs and lowering buying energy. The automotive producer will use this robust basis to make vital investments in its future.

Škoda Auto Group¹⁾ – Key figures from January to December 2023²⁾

¹⁾ Škoda Auto Group contains Škoda Auto a.s, Škoda Auto Slovensko s.r.o., Škoda Auto Deutschland GmbH, Škoda Auto Volkswagen India Pvt. Ltd. and till Could 2023, the Group additionally included OOO Volkswagen Group Rus, the monetary outcomes of that are included till then.
²⁾ Proportion deviations are calculated from non-rounded figures.
³⁾ Includes manufacturing within the Škoda Auto Group, excluding manufacturing at associate meeting crops in China, Slovakia and Germany, however together with different Group manufacturers equivalent to SEAT, VW and AUDI; automobile manufacturing excluding half/full kits.
⁴⁾ Includes Škoda Auto Group gross sales to distribution firms, together with different Group manufacturers together with SEAT, VW, Audi, Porsche and Lamborghini; automobile gross sales excluding half/full kits.
⁵⁾ In Could 2023, the Volkswagen Group accomplished the sale of its property in OOO Volkswagen Group Rus to OOO Artwork-Finance, supported by the Russian Vendor Avilon.

Engaging, comprehensively up to date mannequin portfolio

These monetary achievements have been pushed by Škoda’s modernised line-up, providing clients probably the most in depth vary of fashions and powertrains within the model’s historical past. This contains purely battery-electric automobiles, plug-in and mild-hybrid drivetrains, in addition to extremely environment friendly combustion engines. Over the previous yr, Škoda has comprehensively upgraded its mannequin portfolio: The refreshed compact fashions Scala and Kamiq have been joined by the newest generations of Škoda’s flagship fashions, the Kodiaq and Very good, constructing on the success of their predecessors. As well as, the manufacturing of the Very good has been relocated from Kvasiny to the Volkswagen model’s plant in Bratislava. It’s now produced alongside the Volkswagen Passat, delivering appreciable synergy results inside the Model Group Core.

Additional specializing in digitalisation and buyer centricity in 2023

Reaching future success within the core automotive sector rests on software program improvement. In 2023, establishing the Prague-based innovation hub, Škoda X, marked a decisive step in the direction of the speedy improvement and integration of customer-focused improvements into Škoda’s automobiles. This contains the in-car implementation of the AI-based chatbot ChatGPT, together with introducing digital companies equivalent to Pay to Park, Pay to Gas, and the Digital Certificates, amongst different options. The Czech automaker is firmly dedicated to persevering with its journey in digitalisation and put money into digital companies, connectivity options, and superior machine studying applied sciences over the approaching years.

Efficiently implementing Škoda Auto’s internationalisation technique

Along with steady investments in key strategic areas, Škoda is constantly increasing its world footprint into dynamic market areas to make sure long-term success. In 2023, Škoda Auto entered the Vietnamese market, strategically main the best way for the Model Group Core. The market gives promising progress alternatives and serves as a gateway to the dynamic ASEAN area. Moreover, Škoda Auto has introduced its return to Kazakhstan, the place the model will supply the Kodiaq, Kamiq, Karoq and Octavia fashions, assembled domestically in Kostanay.

Škoda Auto’s 2023 sustainability achievements

In 2023, Škoda made tangible progress in the direction of attaining its bold sustainability objectives. In February 2023, Škoda commissioned a photovoltaic system at its Pune plant able to producing as much as 26.6 GWh of electrical energy yearly, thereby assembly as much as 30% of the location’s electrical energy wants. Furthermore, in autumn 2023, Škoda put in a rooftop photo voltaic system at its fundamental plant in Mladá Boleslav. This generates greater than two gigawatt hours (GWh) of emission-free electrical energy per yr throughout an space of over 10,000 m2. As well as, the heating plant operated by ŠKO–ENERGO introduced transitioning from coal to 100% biomass. At its Czech services, Škoda Auto managed to scale back its environmental footprint by 56.4% in 2023 relative to 2010 throughout 5 key sustainability metrics: water utilization, vitality consumption, CO2 emissions, waste manufacturing, and unstable substance emissions. The corporate stays targeted on minimising the ecological affect of its operations alongside the whole worth chain and is actively selling round economic system rules. By 2030, Škoda Auto goals to attain carbon neutrality in any respect its manufacturing websites within the Czech Republic and India.

Škoda’s strategic EV rollout: Introducing the Elroq and Škoda Epiq

With the extremely anticipated world premiere of the Škoda Elroq later this yr, Škoda is accelerating its daring mannequin marketing campaign that features the launch of six electrical fashions within the coming years. With this step, the Czech automotive producer will likely be increasing its electrical portfolio into the essential compact SUV phase. The Elroq will likely be Škoda’s first electrical mannequin to embody the Trendy Strong design language, additional enhancing the outside design of its EV vary. Moreover, the lately previewed sub-compact SUV, the Škoda Epiq, gives a primary glimpse of Škoda’s method to entry-level BEVs. Slated for launch in 2025 and priced attractively at round €25,000, the Škoda Epiq is about to open up the strategically necessary phase of electrical sub-compact SUVs. With the intention to press forward with the transformation towards electrical mobility, the corporate is dedicated to investing billions of euros in e-mobility within the coming years.

SOURCE: Škoda