Skoda achieves record sales in the first half of 2011

Article by Christian A., on August 1, 2011

SKODA achieved its most successful half year of trading after posting record sales and profit in the first six months of 2011. Sales revenue increased around 25.7 percent to 5.4 billion EUR during the period while operating profit increased 81.5 percent to 412 million EUR.

The quantity of cars delivered to customers year-to-date has continued to rise, reaching 454,698, which is a year-on-year increase of 20.1 percent from 378,747 units.

Prof. Dr. H.C. Winfried Vahland, chairman of the board of ŠKODA, shared that during the first half of the year, the company experienced “rapid growth” in all areas.

He added that the team is successfully delivering the strategy for growth that was launched last year. He also stated that they will continue to build on their success in the next half of the year and onwards, with the clear target of bringing worldwide sales up to at least 1.5 million units annually by 2018.

To achieve this growth, the company will broaden its scope in international markets and build on its current range of models. Moreover, the company will start to broaden its product offering with the unveiling of the ŠKODA Citycar late in 2011, Vahland disclosed.

Winfried Krause, who is the ŠKODA board member for Commercial Affairs, shared that during the first six months of 2011, the company continued to build market share on the international level and to reinforce its financial position.

Kraus further stated that this is a direct result of a significant gain in sales as well as an improved model range. The company has built a solid financial foundation for ambitious growth planned in the next years to come, Kraus added.

Topics: skoda, sales, record

If you liked the article, share on:

Comments

Recommended

Mazda seems too far ahead in Safety technology for having four of its vehicles chosen as the safest on the road. Very recently, the Insurance Institute for Highway Safety has...
by - June 22, 2017
The automotive world is intensely competitive given the growing number of players, but the British car manufacturer is adamantly holding on to its spot. The 2018 Jaguar XF Sportbrake, priced...
by - June 22, 2017
Audi’s all-electric supercar, the R8 e-tron, had been discontinued last October after being in the market for under two years. The electric vehicle was then exclusive to the European market...
by - June 22, 2017
Dodge has made it clear to everyone, including its potential buyers, that the Challenger SRT Demon is a street-legal drag car - that it is unlike any of your ordinary...
by - June 22, 2017
After a number of failed attempts, Tesla finally gets an Arizona dealership license by winning a court battle that allows them to sell directly to consumers. The automotive dealer license...
by - June 22, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries