Only 54,4500 automobiles were sold by Skoda, a brand owned by the Volkswagen Group, in the first nine months of 2022, a huge decline of 22.3% year over year.
The Chinese market and the Russian market may be among the most important reasons for the decline in Skoda sales around the world, as the data published by the company showed a decline in its sales in Russia by 77. 2% on an annual basis, compared to 31.
India has emerged as a bright spot that partially offset China’s sales decline of 2%. China and Russia saw a dip following an almost threefold increase in overall sales to more than 38,000 units.
Skoda said that her financial performance during the nine months was stable with operating profits of 856 million euros, a decrease of 4. 9% on an annual basis, with a sales return of 5. 6%, while the returns were 6. 8% in the same period in 2021.
Skoda attributed the decline in sales and returns to the Russian -Ukrainian war, energy prices and supplies, which was expressed by a member of the Board of Directors, Christian Cink, saying, “Despite the current economic burdens due to the war in Ukraine, the high prices of raw materials, energy and fragile supply chains, we have been able From achieving a fixed return on sales by 5. 6%.
This demonstrates that Skoda has a strong financial foundation, and for the remainder of the year, our attention is focused on generating a highly positive operational profit.
Due to the significant volume of accumulated orders and the sharp increase in delivery operations in India, Skuda has high expectations for profitability in the remaining months of the year.
The profits of Skoda were the first three quarters of 2022, 15. 2 billion dollars, an increase of 13.
9% more than the year before, but it is impossible to compare the data between this year and last year. The merger was a unique problem that had a detrimental impact on operating earnings because it united the Volksalgan Ross company with Skoda.
Skoda sales fell by 22.3%, and China and Russia are keeping the secret.
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