Skoda Auto on track for another record year May 8, 2006
Volkswagen subsidiary Skoda Auto Group has reported a 131% rise in first-quarter pre-tax profit to CZK4 billion ($180.3 million), attributing the result to record sales in the period.
The Czech company said revenue in the period grew 18.3% to CZK54.4 billion ($2.5 billion), while operating profit increased by 112.5%, reaching CZK4.1 billion ($185 million).
Skoda achieved record sales in the first quarter of 2006; the company sold 129,778 Fabia, Octavia and Superb vehicles from January until March 2006, representing an 18.5% increase on the prior-year period.
The number of full-time staff of Skoda Auto at the end of the first quarter of 2006 was 22,698 and the number of temporary staff was 3,349. A total of 880 people were employed in the three month period ending March 31, 2006.
As all of the company’s entire model ranges have improved their last year’s results - the Fabia by 7.2%, the Superb by 14.7% and the Octavia by 31.7% - Skoda said it is on track to deliver another whole-year best in 2006.
- Posted in : Uncategorized, VW
- Author : arnold
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