Skoda Auto Achieves Positive Results Over First Six Months Of 2006

Škoda Auto Achieves Positive Results Over First Six Months Of 2006

August 1, 2006 -- Having delivered 274,904 vehicles to customers over the first six months, the company has improved this indicator by 12.4 %. The sales of all of the models have grown, particularly those of the Octavia. Škoda's market shares have improved significantly in Western Europe (Germany, in particular) and Eastern Europe. Due to overall market developments, the situation in Central Europe is still difficult.

With a pre-tax profit of CZK 8,2 billion achieved over the first half of 2006, the Škoda Auto Group has broken another record. Basically, the enormous improvement (+61.4 %) is a result of measures that have been designed in the ForMotionplus programme used throughout the VW Group and are aimed at optimising processes as well as production and material costs. Another factor contributing to this achievement is an improved financial result.

The number of the company's employees worldwide, including agency-supplied staff, was 27,069 as at the end of the first six-month period. The increase by 874 employees compared to last year is mainly put down to the launch of the Škoda ROOMSTER, the company's 4th product line.

Commenting on the results, Škoda Auto BOD Chairman Detlef Wittig said: “Improved operational and financial effectiveness, savings in production and sales costs and increased market shares in all important sales regions have produced the desired result, i.e., record-breaking profits over the first six months. The consolidated results over the same period have confirmed that the Group is doing well in pursuing the financial and market goals set for 2006.”


[code] January - June

Consolidated indicators unit 2006 2005 Δ v %

Deliveries to customers thous. vehicles 274.9 244.6 12,4

Turnover thous. vehicles 292.4 259.7 12,6

Production thous. vehicles 291.8 257.5 13,3

Number of employees*) 27 069 26 194 3,3

Total sales CZK million 104 405 97 315 7,3

Operating result CZK million 8 425 5 522 52,6

Pre-tax result CZK million 8 223 5 096 61,4

Post-tax result CZK million 6 408 3 949 62,3

*) Number of employees as at June 30 of the year concerned, including agency-supplied staff .



January - June

Consolidated indicators unit 2006 2005 Δ v %

Deliveries to customers thous. vehicles 274.9 244.6 12,4

Turnover thous. vehicles 292.4 259.7 12,6

Production thous. vehicles 291.8 257.5 13,3

Number of employees*) 27 069 26 194 3,3

Total sales CZK million 104 405 97 315 7,3

Operating result CZK million 8 425 5 522 52,6

Pre-tax result CZK million 8 223 5 096 61,4

Post-tax result CZK million 6 408 3 949 62,3

*) Number of employees as at June 30 of the year concerned, including agency-supplied staff .[/code]


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