Skoda releases financial report for first half of 2020

The measures to contain the COVID-19 pandemic also had a negative impact on Skoda's vehicle deliveries and financial indicators in the first half of 2020.

The Skoda Auto Group's sales revenue was $12.24 billion in the first six months, but the operating profit still amounted to $370 million - despite the 39-day shutdown of the Czech plants and the disruption to the sales channels, particularly in April.

Against this background, the return on sales stood at 3%. Skoda delivered a total of 426,700 vehicles to customers from January to June. Since June, the Czech automobile manufacturer has been experiencing the positive effects of its restart programmes, which have been adapted to each market, and incoming orders have recently exceeded last year's level.

Provided the COVID-19 situation does not deteriorate significantly again, Skoda expects the conditions on the world markets to stabilise gradually over the coming weeks and months. Investments in tangible assets remained at a high level of $423 million over the past six months. Skoda continues to invest consistently in the company's future and development.