Skoda delivered 12.6% fewer vehicles in 2021 but still achieved a return on sales of 6.1% as production was heavily hit by supply bottlenecks and semiconductor shortages.
The Czech firm delivered 878,200 cars and achieved €17.7 billion (£14.7bn) in revenue - a rise of 3.9% - and a significant increase in operating profit, up 43.2% to €1.08bn (£899m). Cashflow also increased by 160% to €554m (£453m).
Despite Christian Schenk, Skoda board member for finance and IT, suggesting the first two quarters of 2021 moved “almost seamlessly”, Skoda suffered a significant drop in production from quarter three onwards, put down to parts-supply issues and production stops.
