Skoda revenues rise in 2022 despite impact of war in Ukraine

Skoda's worldwide revenues rose 19% past year, contempt dense impacts connected the firm’s income and accumulation output, which was mostly driven by the effects of Russia’s penetration of Ukraine. 

Some 731,300 Skoda cars were delivered worldwide successful 2022, which is simply a 16.7% driblet compared with 2021. However, the brand, owned by the Volkswagen Group, earned astir €628 cardinal (£559m) successful profit, representing a 3% instrumentality connected sales. 

After a beardown 2nd fractional of the year, successful which sales increased by 58% successful Q3 and 32% successful Q4, the Czech car shaper brought successful astir €21 cardinal (£18.7bn) successful gross past year, up from €17.7bn (£15.6bn) successful 2021. It invested €1.15bn (£1.0bn) successful 2022. 

Despite this, Skoda’s results were heavy impacted by Russia’s penetration of Ukraine, which slowed accumulation successful factories that nutrient parts specified arsenic wiring harnesses. As a effect of the war, brag Klaus Zellmer said the steadfast was successful the last stages of a woody to merchantability each of its Russian assets to a 3rd party. 

The Skoda Octavia was the firm’s best-selling car, with 141,100 units delivered astir the world. It was followed by the Skoda Kamiq compact crossover (96,300), the larger Skoda Kodiaq (94,500) and the Skoda Fabia hatchback (92,700). 

Deliveries of the Skoda Enyaq iV, the car maker’s newest exemplary and archetypal all-electric car, increased by 20% to 53,700 worldwide. 

Skoda revealed its plans to motorboat 3 further all-electric models by 2026. Kellmer besides touched connected the firm’s greenish accumulation plans, targeting a 70% electrical conveyance stock of its income by 2030. The steadfast volition unfastened its 2nd artillery assembly enactment aboriginal this year, which volition summation its total capacity to 1500 batteries per day. 

Finance brag Christian Schenk said 2023 would beryllium challenging, with further parts proviso shortages expected, the interaction of ostentation and the volatile economical concern astir the world.

Schenk said Skoda’s merchandise premix and instauration into caller markets would enactment arsenic suitable countermeasures and the steadfast was "deeply convinced" it would present much cars successful 2023. 

There are respective exemplary updates connected the way, too. The Skoda Scala hatchback and Kamiq crossover volition person facelifts aboriginal this year, portion the Enyaq is acceptable to summation a new, range-topping LMK specification level, with an accent connected exertion and comfort. 

Meanwhile, the firm’s flagship internal-combustion-engined models, the Skoda Kodiaq and the Skoda Superb, volition person a implicit plan overhaul wrong and out, with caller exertion and “efficient engines”.

Kellmer confirmed some cars would person a plug-in hybrid powertrain for the archetypal time, with electric-only ranges of much than 62 miles. The 2 models volition motorboat successful the 2nd fractional of this year, earlier deliveries statesman successful 2024.

Skoda volition further item its ambitions for its power to electrical astatine its Explore More event adjacent month. Zellmer did not uncover a circumstantial exemplary but hinted that an electrical property car would beryllium revealed astatine the event.