{"id":6430,"date":"2023-05-09T18:58:18","date_gmt":"2023-05-09T22:58:18","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/vws-skoda-auto-reports-61-rise-in-q1-operating-profit\/"},"modified":"2023-05-09T18:58:18","modified_gmt":"2023-05-09T22:58:18","slug":"vws-skoda-auto-reports-61-rise-in-q1-operating-profit","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=6430","title":{"rendered":"VW’s Skoda Auto reports 61% rise in Q1 operating profit"},"content":{"rendered":"
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\u00a9 Reuters. FILE PHOTO: A logo is seen on a wheel of a Skoda Octavia car after a presentation of the company’s annual results in Mlada Boleslav March 20, 2013. REUTERS\/David W Cerny<\/span>
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PRAGUE (Reuters) – Czech carmaker Skoda Auto, part of the Volkswagen (ETR:) group, lifted operating profit by 60.8% year-on-year to 542 million euros ($598 million) in the first quarter, while revenue rose by a third to 6.8 billion euros, the company said on Monday.<\/p>\n

Global deliveries increased in the period by 12.6%, which Skoda had previously reported. The company said it had seen sustained demand, and higher sales in southern and western Europe boosted deliveries.<\/p>\n

Skoda is looking to recover this year from parts shortages that have weighed on deliveries and waiting times in the past three years.<\/p>\n

“After recent external influences that negatively impacted the company’s financial results, Skoda Auto was able to reverse this trend and steer back on course,” it said.<\/p>\n

Deliveries for Skoda’s all-electric Enyaq rose 40.7% in the period, the company said. <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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