Skoda Auto

Skoda Auto's employees rose 3.36% yoy to 34,829 in 2019

By Helgi Analytics - September 23, 2020

Skoda Auto employed 34,829 employees in 2019, up 3.36% compared to the previous year. Historically, between 1996 and 20...

Skoda Auto's net profit rose 9.68% yoy to CZK 31,689 mil in 2019

By Helgi Analytics - September 23, 2020

Skoda Auto made a net profit of CZK 31,689 mil with revenues of CZK 459,122 mil in 2019, up by 9.68% and up by 10.2%, ...

Skoda Auto's Capital Expenditures fell 41.8% yoy to CZK 26,213 mil in 2019

By Helgi Analytics - September 23, 2020

Skoda Auto invested total of CZK 26,213 mil in 2019, up 41.8% when compared to the previous year. Historically, company's...

Profit Statement 2017 2018 2019
Sales CZK mil 407,400 416,695 459,122
Gross Profit CZK mil 130,343 57,274 62,036
EBITDA CZK mil 53,973 46,780 51,839
EBIT CZK mil 40,531 33,840 36,082
Financing Cost CZK mil 179 230 346
Pre-Tax Profit CZK mil 39,125 35,131 38,498
Net Profit CZK mil 31,841 28,892 31,689
Dividends CZK mil 70,360 28,890 ...
Balance Sheet 2017 2018 2019
Total Assets CZK mil 250,859 219,318 241,635
Non-Current Assets CZK mil 106,675 118,871 141,524
Current Assets CZK mil 144,184 100,447 100,111
Working Capital CZK mil -8,212 -14,775 -23,718
Shareholders' Equity CZK mil 117,484 111,674 109,626
Liabilities CZK mil 133,375 107,644 132,009
Total Debt CZK mil 50,543 751 4,616
Net Debt CZK mil -63,776 -60,610 -55,923
Ratios 2017 2018 2019
ROE % 25.0 25.2 28.6
ROCE % 32.8 28.5 28.6
Gross Margin % 32.0 13.7 13.5
EBITDA Margin % 13.2 11.2 11.3
EBIT Margin % 9.95 8.12 7.86
Net Margin % 7.82 6.93 6.90
Net Debt/EBITDA -1.18 -1.30 -1.08
Net Debt/Equity % -54.3 -54.3 -51.0
Cost of Financing % 0.568 0.897 12.9
Cash Flow 2017 2018 2019
Total Cash From Operations CZK mil 60,811 44,763 66,151
Total Cash From Investing CZK mil -17,996 -25,758 -36,912
Total Cash From Financing CZK mil -18,870 -70,360 -29,332
Net Change In Cash CZK mil 23,945 -51,355 -93.0
Cash Conversion Cycle days -18.6 -18.2 -24.5
Cash Earnings CZK mil 45,283 41,832 47,446
Free Cash Flow CZK mil 42,815 19,005 29,239

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overview Unit 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                                                
Sales CZK mil                                   243,624 299,318 314,897 347,987 407,400    
Gross Profit CZK mil ... ...                               68,494 84,046 91,491 115,730 130,343    
EBIT CZK mil ... ...                               12,537 21,598 35,154 30,892 40,531    
Net Profit CZK mil ... ...                               11,386 18,421 30,816 25,163 31,841    
                                                   
ROE % ... ... ... ...                           12.6 19.4 28.3 19.7 25.0    
EBIT Margin % ... ...                               5.15 7.22 11.2 8.88 9.95    
Net Margin % ... ...                               4.67 6.15 9.79 7.23 7.82    
Employees                                   27,089 26,765 25,452 28,373 31,626    
balance sheet                                                
Total Assets CZK mil ... ... ...                             152,001 176,869 202,615 228,180 250,859    
Non-Current Assets CZK mil ... ... ...                             87,923 105,139 107,654 104,838 106,675    
Current Assets CZK mil ... ... ...                             64,078 71,730 94,961 123,342 144,184    
                                                   
Shareholders' Equity CZK mil ... ... ...                             90,316 100,001 117,482 137,580 117,484    
Liabilities CZK mil ... ... ...                             61,685 76,868 85,133 90,600 133,375    
Non-Current Liabilities CZK mil ... ... ... ...                           12,699 19,966 18,941 18,434 16,752    
Current Liabilities CZK mil ... ... ... ...                           58,380 68,741 77,158 80,444 116,623    
                                                   
Net Debt/EBITDA ... ... ... ...                           -0.966 -1.14 -1.29 -1.82 -1.18    
Net Debt/Equity % ... ... ... ...                           -25.3 -38.8 -53.4 -57.9 -54.3    
Cost of Financing % ... ... ... ... ... ... ... ...               ... ... 4.37 1.36 2.61 1.34 0.568    
cash flow                                                
Total Cash From Operations CZK mil ... ... ... ... ...                         28,965 45,158 39,622 50,426 60,811    
Total Cash From Investing CZK mil ... ... ... ... ...                         -25,148 -25,512 -6,467 -24,051 -17,996    
Total Cash From Financing CZK mil ... ... ... ... ...                         -6,629 -8,693 -13,753 -15,400 -18,870    
Net Change In Cash CZK mil ... ... ... ... ...                         -2,812 10,953 19,402 10,975 23,945    
income statement Unit 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                                                
Sales CZK mil                                   243,624 299,318 314,897 347,987 407,400    
Cost of Goods & Services CZK mil ... ...                               175,130 215,272 223,406 232,257 277,057    
Gross Profit CZK mil ... ...                               68,494 84,046 91,491 115,730 130,343    
Staff Cost CZK mil ... ...                               18,576 19,680 20,815 23,190 28,863    
EBITDA CZK mil ... ...                               23,619 34,106 48,609 43,832 53,973    
Depreciation CZK mil ... ...                               11,082 12,508 13,455 12,940 13,442    
EBIT CZK mil ... ...                               12,537 21,598 35,154 30,892 40,531    
Net Financing Cost CZK mil ... ...                               -413 249 916 43.0 1,403    
Financing Cost CZK mil ... ... ... ... ... ... ... ...               ... ... 625 220 456 196 179    
Financing Income CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 107 133 38.0 81.0 48.0    
FX (Gain) Loss CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 1,686 1,252 -340 -355 -1,077    
Extraordinary Cost CZK mil ... ... ... ... ... ... ... ...               ... ... -1,038 29.0 460 -153 1,227    
Pre-Tax Profit CZK mil ... ...                               12,950 21,349 34,238 30,849 39,125    
Tax CZK mil ... ...                               1,564 2,928 3,422 5,686 7,284    
Minorities CZK mil ... ...                               0 0 0 0 0    
Net Profit CZK mil ... ...                               11,386 18,421 30,816 25,163 31,841    
Net Profit Avail. to Common CZK mil ... ...                               11,386 18,421 30,816 25,163 31,841    
Dividends CZK mil ... ...                               5,693 13,753 15,400 18,870 70,360   ...
growth rates                                                
Total Revenue Growth % ...                                 -7.24 22.9 5.20 10.5 17.1    
Staff Cost Growth % ... ... ...                             -2.74 5.94 5.77 11.4 24.5    
EBITDA Growth % ... ... ...                             -20.9 44.4 42.5 -9.83 23.1    
EBIT Growth % ... ... ...                             -30.0 72.3 62.8 -12.1 31.2    
Pre-Tax Profit Growth % ... ... ...                             -27.8 64.9 60.4 -9.90 26.8    
Net Profit Growth % ... ... ...                             -25.8 61.8 67.3 -18.3 26.5    
ratios                                                
ROE % ... ... ... ...                           12.6 19.4 28.3 19.7 25.0    
ROA % ... ... ... ...                           7.30 11.2 16.2 11.7 13.3    
ROCE % ... ... ... ... ...                         13.9 21.1 32.4 26.1 32.8    
Gross Margin % ... ...                               28.1 28.1 29.1 33.3 32.0    
EBITDA Margin % ... ...                               9.69 11.4 15.4 12.6 13.2    
EBIT Margin % ... ...                               5.15 7.22 11.2 8.88 9.95    
Net Margin % ... ...                               4.67 6.15 9.79 7.23 7.82    
Payout Ratio % ... ...                               50.0 74.7 50.0 75.0 221   ...
Cost of Financing % ... ... ... ... ... ... ... ...               ... ... 4.37 1.36 2.61 1.34 0.568    
Net Debt/EBITDA ... ... ... ...                           -0.966 -1.14 -1.29 -1.82 -1.18    
balance sheet Unit 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
balance sheet                                                
Cash & Cash Equivalents CZK mil ... ... ...                             31,926 42,878 62,280 73,256 97,201    
Receivables CZK mil ... ... ...                             11,290 11,941 11,937 16,830 18,452    
Inventories CZK mil ... ... ...                             11,092 12,326 15,115 16,093 17,614    
Other ST Assets CZK mil ... ... ...                             9,770 4,585 5,629 17,163 10,917    
Current Assets CZK mil ... ... ...                             64,078 71,730 94,961 123,342 144,184    
Property, Plant & Equipment CZK mil ... ... ...                             61,446 65,916 65,642 64,509 66,060    
LT Investments & Receivables CZK mil ... ... ...                             4,989 14,055 17,199 18,846 17,118    
Intangible Assets CZK mil ... ... ...                             21,488 25,168 24,813 21,483 23,497    
Goodwill CZK mil ... ... ...                             0 0 0 0 0    
Non-Current Assets CZK mil ... ... ...                             87,923 105,139 107,654 104,838 106,675    
Total Assets CZK mil ... ... ...                             152,001 176,869 202,615 228,180 250,859    
                                                   
Trade Payables CZK mil ... ... ... ...                           29,314 35,741 38,012 41,903 44,278    
Short-Term Debt CZK mil ... ... ... ...                           9,289 10,280 10,966 8,278 47,093    
Other ST Liabilities CZK mil ... ... ... ...                           19,777 22,720 28,180 30,263 25,252    
Current Liabilities CZK mil ... ... ... ...                           58,380 68,741 77,158 80,444 116,623    
Long-Term Debt CZK mil ... ... ... ...                           4,820 7,898 5,744 4,164 3,450    
Other LT Liabilities CZK mil ... ... ... ...                           7,879 12,068 13,197 14,270 13,302    
Non-Current Liabilities CZK mil ... ... ... ...                           12,699 19,966 18,941 18,434 16,752    
Liabilities CZK mil ... ... ...                             61,685 76,868 85,133 90,600 133,375    
Equity Before Minority Interest CZK mil ... ... ...                             90,316 100,001 117,482 137,580 117,484    
Minority Interest CZK mil ... ... ...                             0 0 0 0 0    
Equity CZK mil ... ... ...                             90,316 100,001 117,482 137,580 117,484    
growth rates                                                
Total Asset Growth % ... ... ... ...                           -4.99 16.4 14.6 12.6 9.94    
Shareholders' Equity Growth % ... ... ... ...                           -0.649 10.7 17.5 17.1 -14.6    
Net Debt Growth % ... ... ... ... ...                         -33.6 69.9 62.0 26.9 -19.9    
Total Debt Growth % ... ... ... ... ...                         -2.85 28.8 -8.08 -25.5 306    
ratios                                                
Total Debt CZK mil ... ... ... ...                           14,109 18,178 16,710 12,442 50,543    
Net Debt CZK mil ... ... ... ...                           -22,806 -38,755 -62,769 -79,660 -63,776    
Working Capital CZK mil ... ... ... ...                           -6,932 -11,474 -10,960 -8,980 -8,212    
Capital Employed CZK mil ... ... ... ...                           80,991 93,665 96,694 95,858 98,463    
Net Debt/Equity % ... ... ... ...                           -25.3 -38.8 -53.4 -57.9 -54.3    
Current Ratio ... ... ... ...                           1.10 1.04 1.23 1.53 1.24    
Quick Ratio ... ... ... ...                           0.740 0.797 0.962 1.12 0.992    
cash flow Unit 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
cash flow                                                
Net Profit CZK mil ... ...                               11,386 18,421 30,816 25,163 31,841    
Depreciation CZK mil ... ...                               11,082 12,508 13,455 12,940 13,442    
Non-Cash Items CZK mil ... ... ... ... ...                         -262 9,687 -4,135 14,303 16,296    
Change in Working Capital CZK mil ... ... ... ... ...                         6,759 4,542 -514 -1,980 -768    
Total Cash From Operations CZK mil ... ... ... ... ...                         28,965 45,158 39,622 50,426 60,811    
                                                   
Capital Expenditures CZK mil ... ... ... ... ...                         -24,246 -22,801 -14,946 -14,095 -20,299    
Other Investing Activities CZK mil ... ... ... ... ...                         -31,907 -30,054 -5,953 -22,071 -17,228    
Total Cash From Investing CZK mil ... ... ... ... ...                         -25,148 -25,512 -6,467 -24,051 -17,996    
                                                   
Dividends Paid CZK mil ... ... ... ... ...                         -7,677 -5,693 -13,753 -15,400 -18,870    
Issuance Of Shares CZK mil ... ... ... ... ...                         0 0 0 0 0 ... ...
Issuance Of Debt CZK mil ... ... ... ... ...                         -414 4,069 -1,468 -4,268 38,101    
Other Financing Activities CZK mil ... ... ... ... ...   ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Total Cash From Financing CZK mil ... ... ... ... ...                         -6,629 -8,693 -13,753 -15,400 -18,870    
                                                   
Effect of FX Rates CZK mil ... ... ... ... ...                         0 0 0 0 0    
Net Change In Cash CZK mil ... ... ... ... ...                         -2,812 10,953 19,402 10,975 23,945    
ratios                                                
Days Sales Outstanding days ... ... ...                             16.9 14.6 13.8 17.7 16.5    
Days Sales Of Inventory days ... ... ...                             23.1 20.9 24.7 25.3 23.2    
Days Payable Outstanding days ... ... ... ...                           61.1 60.6 62.1 65.9 58.3    
Cash Conversion Cycle days ... ... ... ...                           -21.1 -25.1 -23.6 -22.9 -18.6    
Cash Earnings CZK mil ... ...                               22,468 30,929 44,271 38,103 45,283    
Free Cash Flow CZK mil ... ... ... ... ...                         3,817 19,646 33,155 26,375 42,815    
Capital Expenditures (As % of Sales) % ... ... ... ... ...                         9.95 7.62 4.75 4.05 4.98    
other ratios Unit 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
                                                 
Employees                                   27,089 26,765 25,452 28,373 31,626    
Cost Per Employee USD per month ... ...                               2,921 2,867 2,855 2,699 3,241    
Cost Per Employee (Local Currency) CZK per month ... ...                               57,145 61,274 68,151 68,111 76,053    
Staff Cost (As % of Sales) % ... ...                               7.62 6.57 6.61 6.66 7.08    
Effective Tax Rate % ... ...                               12.1 13.7 9.99 18.4 18.6    
Total Revenue Growth (5-year average) % ... ... ... ... ...                         4.01 9.76 7.49 6.62 9.18    
Total Revenue Growth (10-year average) % ... ... ... ... ... ... ... ... ... ...               5.31 6.22 5.33 5.50 6.26    
sales of vehicles Unit 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
                                                 
Sales From Automotive CZK mil ... ... ... ...                           205,015 251,768 270,000 292,300 343,452    
Price Per Vehicle Sold CZK                                   220,063 239,914 251,515 253,665 278,766    
EBIT Per Vehicle Sold CZK ... ...                               13,616 20,823 33,306 27,424 33,761    
Net Profit Per Vehicle Sold CZK ... ...                               12,366 17,760 29,196 22,338 26,522    
Price Per Vehicle Sold (USD) USD                                   11,248 11,226 10,537 10,054 11,880    
EBIT Per Vehicle Sold (USD) USD ... ...                               696 974 1,395 1,087 1,439    
Net Profit Per Vehicle Sold (USD) USD ... ...                               632 831 1,223 885 1,130    
Production of Vehicles vehicles                                   931,621 1,049,410 1,073,490 1,152,310 1,232,040    
Production of Vehicles (At Home) vehicles                                   618,118 719,410 717,249 711,309 767,474    
Domestic Production (As % Of Total) %                                   66.3 68.6 66.8 61.7 62.3    
Sales of Vehicles vehicles                                   920,750 1,037,230 1,055,500 1,126,480 1,200,540    
Sales of Vehicles Abroad vehicles ... ... ...                             860,708 967,026 970,496 1,038,460 1,105,520    
Sales of Vehicles Abroad (As % of Total) % ... ... ...                             93.5 93.2 91.9 92.2 92.1    
vehicles by brand Unit 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
                                                 
Sales of Fabia vehicles ...                                 201,989 160,518 192,358 202,303 206,499    
Sales of Roomster vehicles ... ... ... ... ... ... ... ... ... ...               33,295 29,643 16,612 29.0 1.00    
Sales of Rapid vehicles ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...     103,781 221,363 194,321 212,656 211,480    
Sales of Octavia vehicles ...                                 359,578 389,257 432,335 435,974 418,767    
Sales of Superb vehicles ... ... ... ... ...                         94,433 91,084 80,176 138,854 150,910    
Sales of Yeti vehicles ... ... ... ... ... ... ... ... ... ... ... ... ...         82,449 102,867 99,547 95,540 69,467    
Sales of Citigo vehicles ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...     45,225 42,494 40,152 40,674 37,115    
Sales of Karoq vehicles ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0 6,335    
Sales of Kodiaq vehicles ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 447 99,961    
Sales of Scala vehicles ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Sales of Kamiq vehicles ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
sales geography Unit 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
                                                 
Sales of Vehicles in the UK vehicles ... ... ...                             66,029 76,027 74,879 80,325 80,056    
Sales of Vehicles in France vehicles ... ... ...                             20,400 21,054 21,500 23,013 27,272    
Sales of Vehicles in Germany vehicles ... ... ...                             136,415 149,538 158,747 165,196 173,302    
Sales of Vehicles in Italy vehicles ... ... ...                           ... ... 14,170 16,550 20,530 24,700    
Sales of Vehicles in Spain vehicles ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Sales of Vehicles in Russia vehicles ... ... ... ... ... ... ... ... ...                 87,456 84,437 55,012 55,386 62,302    
Sales of Vehicles in Czechia vehicles ... ... ...                             60,042 70,200 85,005 88,016 95,017    
Sales of Vehicles in Poland vehicles ... ... ...                             38,710 46,650 50,039 56,180 66,582    
Sales of Vehicles in China vehicles ... ... ... ... ... ... ... ... ...                 226,971 281,412 281,707 317,088 325,009    
Sales of Vehicles in India vehicles ... ... ... ... ... ... ... ... ... ... ...             22,563 15,538 ... ... ... ... ...

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Skoda Auto's Total Cash From Operations rose 47.8% yoy to CZK 66,151 mil in 2019

By Helgi Analytics - September 23, 2020

Skoda Auto's operating cash flow stood at CZK 66,151 mil in 2019, up 47.8% when compared to the previous year. Historically, between 2001 - 2019, the firm’s operating cash flow reached a high of CZK 66,151 mil in 2019 and a low of CZK 11,182 mil in...

Skoda Auto's Capital Expenditures fell 41.8% yoy to CZK 26,213 mil in 2019

By Helgi Analytics - September 23, 2020

Skoda Auto invested a total of CZK 26,213 mil in 2019, up 41.8% compared to the previous year. Historically, between 2001 - 2019, the company's investments stood at a high of CZK 26,213 mil in 2019 and a low of CZK 10,019 mil in 2004. ...

Skoda Auto's ROCE rose 0.120% yoy to 28.6% in 2019

By Helgi Analytics - September 23, 2020

Skoda Auto made a net profit of CZK 31,689 mil in 2019, up 9.68% compared to the previous year. Historically, between 1998 and 2019, the company's net profit reached a high of CZK 31,841 mil in 2017 and a low of CZK 1,478 mil in 2003. The result implies a...

Skoda Auto's Net Profit Per Vehicle Sold rose 10.6% yoy to CZK 25,499 in 2019

By Helgi Analytics - September 23, 2020

Skoda Auto sold 1,242,770 vehicles in 2019, down -0.875% when compared to the previous year. Historically, company sales reached an all time high of 1,253,740 vehicles in 2018 and an all time low of 363,500 vehicles in 1998. In financial terms, the firm reached total sales of CZK ...

Skoda Auto's Net Debt/EBITDA rose 16.7% yoy to -1.08 in 2019

By Helgi Analytics - September 23, 2020

Skoda Auto's net debt stood at CZK -55,923 mil and accounted for -51.0% of equity at the end of 2019. The ratio is up 3.26 pp compared to the previous year. Historically, the firm’s net debt to equity reached a high of 52.8% in 2000 and a low of ...

Skoda Auto's Cash & Cash Equivalents fell 0.203% yoy to CZK 45,753 mil in 2019

By Helgi Analytics - September 23, 2020

Skoda Auto's total assets reached CZK 241,635 mil at the end of 2019, up 10.2% compared to the previous year. Current assets amounted to CZK 100,111 mil, or 41.4% of total assets while cash stood at CZK 45,753 mil at the end of 2019. ...

Skoda Auto's Net Margin fell 0.455% yoy to 6.90% in 2019

By Helgi Analytics - September 23, 2020

Skoda Auto made a net profit of CZK 31,689 mil with revenues of CZK 459,122 mil in 2019, up by 9.68% and up by 10.2%, respectively, compared to the previous year. This translates into a net margin of 6.90%. Historically, between 1998 and 2019, the f...

Skoda Auto's Net Debt/Equity rose 6.01% yoy to -51.0% in 2019

By Helgi Analytics - September 23, 2020

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Skoda Auto's Sales of Octavia fell 6.31% yoy to 363,722 vehicles in 2019

By Helgi Analytics - September 23, 2020

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Skoda Auto's Price Per Vehicle Sold remain unchanged yoy at CZK in

By Helgi Analytics - September 23, 2020

Skoda Auto sold cars in, down 0% when compared to the previous year. Historically, company sales reached an all time high of cars vehicles in and an all time low of cars in. In financial terms, the firm reached total sales of and net profit of in, ...

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Škoda is an automobile manufacturer based in the Czech Republic. Škoda became a wholly owned subsidiary of the Volkswagen Group in 2000, positioned as the entry brand to the group. The origins of what became Škoda Auto go back to the early 1890s, when the company started out manufacturing bicycles. Skoda's founders (Laurin & Klement) then started with the production of motorcycles and by 1905 the firm was manufacturing automobiles. After WWII, the company was nationalised, but retained a good reputation until the 1960s, producing models such as the Škoda 440 Spartak, 445 Octavia, Felicia and Škoda 1000 MB. The bad perception of Škoda in Western Europe has changed completely since its takeover by VW in 1991. In 2014, Škoda sold more than 1 million cars for the first time, or 1.6% of global car sales.

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Finance

Skoda Auto has been growing its sales by 8.93% a year on average in the last 5 years. EBITDA has grown on average by 8.73% a year during that time to total of CZK 51,839 mil in 2019, or 11.3% of sales. That’s compared to 12.8% average margin seen in last five years.

The company netted CZK 31,689 mil in 2019 implying ROE of 28.6% and ROCE of 28.6%. Again, the average figures were 25.4% and 29.7%, respectively when looking at the previous 5 years.

Skoda Auto’s net debt amounted to CZK -55,923 mil at the end of 2019, or -51.0% of equity. When compared to EBITDA, net debt was -1.08x, up when compared to average of -1.33x seen in the last 5 years.