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ŠKODA AUTO increased its earnings in the past fiscal year compared to 2020 despite the pandemic and the shortage of semiconductors. The ŠKODA AUTO Group’s revenue amounts to 17.7 billion euros (2020: 17.1 billion euros; +3.9%). Operating profit increased significantly year-on-year to 1.08 billion euros (2020: 756 million euros; +43.2%). The return on sales is recovering; at 6.1%, it is significantly above the previous year. The company anticipates major uncertainties as the year progresses due to the war in Ukraine and the associated supply bottlenecks. ŠKODA AUTO, therefore, remains committed to its efficiency programme.

The company achieved an operating profit of over one billion euros (1.08 billion euros) in 2021 despite the pandemic and the semiconductor shortage. A significant part of the result is due to a strong first half-year. Revenues in the past fiscal year amounted to 17.7 billion euros (+3.9%), and the return on sales was 6.1%, which is significantly higher than last year. The company increased its net cash flow by 160% to 554 million euros. After a strong first half-year, the chip shortage led to restrictions in production as the year progressed. Thanks to focused sales management, optimising the production mix and the sale of vehicles with higher-value equipment, revenue in 2021 surpassed the previous year’s performance despite lower deliveries. Strict cost management also stabilised the result in the fourth quarter.

ŠKODA AUTO CEO Thomas Schäfer emphasises: “ŠKODA AUTO has demonstrated a high degree of resilience and flexibility in the past fiscal year. Our business is robust – and this is also reflected in the key financial figures, which have developed positively compared to the previous year. Thanks to a great team effort by all 45,000 Škodians, we managed to deliver 878,200 vehicles to customers worldwide. Our all-electric ENYAQ iV significantly exceeded our expectations with almost 45,000 units delivered. We are building on this strong momentum with new models including the emotive ENYAQ COUPÉ iV, the refreshed KAROQ and the sporty FABIA MONTE CARLO. At the same time, we face great uncertainties due to the war in Ukraine. We are continuously analysing the impact of this on our business.”

Christian Schenk, ŠKODA AUTO Board Member for Finance and IT, adds: “2021 was an extremely challenging fiscal year. We dealt with the situation calmly and in keeping with our ‘Simply Clever’ philosophy. We were able to increase our operating profit compared to the previous year to over one billion euros thanks to a united team performance. Revenue also developed positively despite low sales figures resulting from production constraints. We were able to improve it to 17.7 billion euros through sales mix optimisation in spite of the temporary production stop due to the partial unavailability of components in the second half of the year. We increased profitability thanks to our consistent cost and efficiency management. In 2022, we will mainly be focusing on continuing our successful crisis management and efficiency programme in order to safeguard our business as much as possible in these difficult times.”

Karsten Schnake, ŠKODA AUTO Board Member for Purchasing, explains: “The tight semiconductor supply situation dampened our growth last year. Thanks to the prompt decision to produce unfinished cars for later completion, we were able to stabilise our result. I thank the Semiconductor Task Force for their incredible efforts. We can now look forward with cautious optimism and expect a significant improvement in the supply of semiconductors from the second half of the year.”

Consistent cost management and annual investments of two billion euros
The Czech car manufacturer will be consistently pursuing its NEXT LEVEL EFFICIENCY programme to further increase efficiency this year. At the same time, the company will be investing two billion euros annually over the coming years. The investments will focus on the further electrification of the model range and compliance with new emission standards. For the rest of the year, ŠKODA AUTO anticipates that the supply of semiconductors will improve in the second half of the year. The Czech car manufacturer also expects the war in Ukraine to have a significant impact on its operating business.

Article source: www.skoda-storyboard.com

ŠKODA AUTO will be broadcasting this year’s annual press conference live online on Tuesday, 22 March from 10:00 Central European Time. The stream will be available on the ŠKODA Storyboard and the company’s social media channels. The company will be presenting its financial figures for 2021 and reviewing the results during the one-hour event. The car manufacturer will also be providing information about the latest developments and upcoming plans and projects at ŠKODA AUTO.

ŠKODA AUTO’s Annual Press Conference will be featured on the ŠKODA Storyboard. The company is also sharing the event on its social media channels. The media can broadcast the livestream on their own channels via an embed code.

Following the presentation and review of the financial figures, a Q&A session with the members of the Board of Management will be held for media representatives.

Questions can be submitted in advance to This email address is being protected from spambots. You need JavaScript enabled to view it. or addressed to the panellists at the location via Slido.

Date: Tuesday, 22 March from 10:00 CET

Livestream: ŠKODA AUTO Annual Press Conference website: http://www.skoda-apc.com/
ŠKODA Storyboard: https://www.skoda-storyboard.com
Twitter: https://twitter.com/skodaautonews
Thomas Schäfer’s LinkedIn: https://www.linkedin.com/in/thomas-schaefer-61b446138/
ŠKODA AUTO’s LinkedIn: https://www.linkedin.com/company/skoda-auto/mycompany/
YouTube: https://youtu.be/CMGgriAm2_Q

Article source: www.skoda-storyboard.com

Dear colleagues,

We are dismayed by the military attack on Ukraine and sincerely hope for the swift cessation of hostilities and a speedy return to diplomacy following international law.

We are very concerned for the people in Ukraine, especially the families of our more than 600 Ukrainian colleagues in the Czech Republic and the whole Eurocar team at the Solomonovo factory in Ukraine and the headquarters in Kyiv. Our sympathy goes out to them during these difficult days. At the same time, our thoughts are with our colleagues at Volkswagen Group Rus whose situation is also serious.

There is strength in unity. The Volkswagen Group and its brands will be donating one million euros to the UN Refugee Agency; ŠKODA AUTO is also contributing to this support. In addition, in close alignment with our social partner KOVO, we have decided on the following seven specific support measures, which are the first humanitarian steps we will be taking:

● ŠKODA AUTO will be donating 10 million Czech crowns (400,000 euro) to the Czech not-for-profit NGO ‘People in Need’ (Člověk v Tísni).

● The KOVO MB trade union will be supporting the town of Mladá Boleslav’s fundraiser with 1 million Czech crowns (40,000 euro). At the same time, the trade union will be rolling out other fundraising activities. Refugees will also be provided with accommodation at recreational facilities owned by The KOVO MB trade union and refugee children will be offered places at children’s camps. The KOVO KV and KOVO VR trade unions will be supporting local municipalities in Rychnov nad Kněžnou and Vrchlabí with other activities.

● If necessary, we will help any Ukrainian workers to build a safe life in the Czech Republic for their family. Specifically, we will assist with visa applications, accommodation, language courses, health care, integration, education and ideally, also employment.

● We are grateful that our partner towns of Mladá Boleslav, Rychnov nad Kněžnou and Vrchlabí are preparing for the arrival of Ukrainian refugees. To cover their additional costs, ŠKODA AUTO will now provide a financial contribution of 1 million Czech crowns (40,000 euro) for Mladá Boleslav and half a million Czech crowns (20,000 euro) each for Rychnov na Kněžnou and Vrchlabí.

● We would appreciate your contributions to the numerous material or financial donations made by our partner communities and private organisations. You can find more information here:

Mladá Boleslav fundraising

Mladá Boleslav material donations

Rychnov nad Kněžnou material donations

● The town of Mladá Boleslav is organising a fundraiser for the hospital in the Ukrainian twin town of Tiačiv. ŠKODA AUTO will be supporting this donation with one million Czech crowns (40,000 euros), The KOVO MB trade union will be adding a further one million Czech crowns (40,000 euros) to this.

● Our core business is mobility. We are therefore helping to transport donated items via ŠKODA Logistics and providing cars to Czech aid organisations to help them deliver the humanitarian aid.

Dear colleagues,
Human is one of our company’s brand values. Now it’s more important than ever to put this value into action. Join us in making a contribution and supporting those who need our help.

Many thanks.

Article source: www.skoda-storyboard.com

The Volkswagen Group has received the news about the war in Ukraine with dismay and shock. Volkswagen continues to hope for a cessation of hostilities and a return to diplomacy. We are convinced that a sustainable solution to the conflict can only be found based on international law.

In view of the Russian attack on Ukraine and the consequences of this, the Group Board of Management of Volkswagen AG has decided to halt the production of vehicles in Russia until further notice with immediate effect. This decision applies to the Russian production sites in Kaluga and Nizhny Novgorod.

Likewise, vehicle exports to Russia will be stopped with immediate effect.

By largely suspending business activities in Russia, the Group’s Board of Management is responding to the overall situation, which is characterised by significant uncertainty and disruption.

Article source: www.skoda-storyboard.com

Pedestrians, cyclists and motorcyclists need extra protection on the road, which is why in all stages of vehicle development, ŠKODA AUTO pays particular attention to pedestrian protection.

“The safety of pedestrians and people on two wheels is always a priority when developing a new ŠKODA model. This starts with the vehicle design and includes comprehensive test procedures as well as modern driver assistance systems that prevent an accident from happening in the first place.”

Radek Urbiš, Head of Vehicle Safety Development at ŠKODA AUTO

Current ŠKODA models’ high standard of pedestrian protection is underlined by the results in the European New Car Assessment Programme (Euro NCAP), the reference test for crash safety. Both the new FABIA and the electric ENYAQ iV were named best-in-class vehicles for the 2021 test year.

During the development phase of a new ŠKODA model, over 200 different pedestrian safety tests are carried out. The physical tests performed at the Aurel CZ laboratory focus on the areas of the human body that are most vulnerable in the event of an accident. The prescribed tests with these so-called ‘impactors’ include simulating an accident involving the head of an adult or child hitting the bonnet or windscreen, and a test body’s thigh colliding with the bonnet and the lower leg hitting the front bumper.

All new ŠKODA models are designed with maximum pedestrian protection in mind. This means, for example, that there must be sufficient space between components such as the engine, shock absorbers, bonnet hinge, bonnet lock and the windscreen wiper axles to cushion a possible impact through deformation of the bonnet. The front edge of the bonnet is also shaped to optimise safety. It has no sharp edges or non-essential hard structures. Pedestrian protection is also enhanced thanks to an energy-absorbing material fitted in front of the bumper’s steel reinforcement.

In addition, assistance systems are available for ŠKODA models that actively support the driver in preventing collisions with pedestrians or cyclists. These include Front Assist with anticipatory pedestrian and cyclist protection as well as Collision Avoidance Assist, which enables controlled avoidance. In addition, Exit Warning alerts the driver and passengers to vehicles, cyclists or motorcyclists approaching from behind when a door is opened.

Article source: www.skoda-storyboard.com

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