Europe

Skoda’s operating profit declined quarterly in the first quarter of 2022

Skoda Auto’s operating profit fell by about a quarter to € 337 million in the first quarter of 2022, auto brand owner Volkswagen Group said in an interim report Wednesday. .. Volkswagen also said Skoda Auto’s achievements were adversely affected by Russia’s Ukrainian war.

Skoda delivered 186,170 vehicles to its customers in the first quarter of this year, down about 25% from 2021. However, sales for the same period increased from € 5.05 billion last year to € 5.1 billion.

In early March, Skodaauto announced that it would stop production at its Russian plants in Kaluga and Nizhny Novgorod and stop exporting cars to Russia due to Russia’s invasion of Ukraine. Last year Russia was the second largest market for Czech automakers.

https://english.radio.cz/skodas-operating-profit-down-a-quarter-q1-2022-8749470 Skoda’s operating profit declined quarterly in the first quarter of 2022

Show More
Back to top button