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Skoda revenues upward push in 2022 regardless of influence of warfare in Ukraine

Chris Winston08 mins

2 minutes learn

16 March 2023

Skoda’s international revenues rose 19% remaining yr, regardless of heavy affects at the company’s gross sales and manufacturing output, which used to be in large part pushed by way of the consequences of Russia’s invasion of Ukraine. 

Some 731,300 Skoda vehicles have been delivered international in 2022, which is a 16.7% drop in comparison with 2021. Then again, the logo, owned by way of the Volkswagen Staff, earned round €628 million (£559m) in benefit, representing a three% go back on gross sales. 

After a powerful 2d part of the yr, wherein gross sales higher by way of 58% in Q3 and 32% in This autumn, the Czech vehicle maker introduced in round €21 billion (£18.7bn) in earnings remaining yr, up from €17.7bn (£15.6bn) in 2021. It invested €1.15bn (£1.0bn) in 2022. 

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