ŠKODA Annual Report
ŠKODA AUTO a.s.
9 10 12
Report of the Supervisory Board ŠKODA AUTO bodies Declaration of Compliance with the Code of Corporate Governance
13 14 15 16 18 19 20 23 27 29
Strategy Product Portfolio Overview of developments on the automobile markets Financial situation Technical development Purchasing Production and logistics Sales and marketing Human resources management Sustainability
Risk management system
34 36 Short-term and long-term outlook Milestones of the year 2012
168 173 175 176
Auditor‘s report on the annual report and the report on relations
31 December 2012 Notes
31 December 2012 Notes
2012 Report on relations Glossary of terms and abbreviations List of non-consolidated capital holdings of ŠKODA AUTO Persons responsible for the annual report and post-balance sheet events Key
ŠKODA AUTO, based in Mladá Boleslav in the Czech Republic, is one of the world’s longest-standing automobile manufacturers. The tradition of the Company dates back to 1895, when Václav Laurin and Václav Klement formed a partnership that laid the foundation for over 100 years of Czech expertise in automotive engineering. The ŠKODA brand has been a Volkswagen Group brand for more than 20 years. During this time, the ŠKODA AUTO Group’s sales have increased substantially and its product portfolio has expanded significantly. Today, ŠKODA AUTO employs more than 26,400 people worldwide. The ŠKODA AUTO Group has production facilities in the Czech Republic and India. Furthermore, ŠKODA cars are produced in China, Russia, Slovakia, the Ukraine and Kazakhstan. This international presence will form the basis for the Group’s planned growth over the next few years. The conditions for this are already in place: impressive automobiles, a strong brand, a motivated and capable team and the ability to turn innovations into Simply Clever customer benefits.
Annual Report 2012
The year 2012 was another year of new records for us. The rigorous pursuit of our growth strategy is clearly having an impact. With 939,202 vehicles delivered to customers, we exceeded the previous year’s record and increased the number of vehicles delivered to customers by 6.8%. Positive sales development and successful measures to boost efficiency ensured that our financial performance remained largely stable, despite difficult conditions worldwide. Sales revenue in the amount of CZK 262.6 billion increased by 4.0% year-on-year and, at CZK 17.9 billion, operating profit almost matched the previous year’s high figure. This gives us the strength to keep ŠKODA AUTO on a steady growth course. Our strategic goal remains unchanged: We aim to sell at least 1.5 million ŠKODA automobiles per year worldwide by 2018. Our model offensive will generate the necessary momentum for this. Over the next few years, we will be introducing a new or substantially-revised vehicle onto the market every six months on average. We started out with the ŠKODA Citigo and followed it with the ŠKODA Rapid. The new ŠKODA Octavia also made its world premiere in December 2012. In December, we also launched a cooperative project with Volkswagen and the Russian manufacturer GAZ Group to build the ŠKODA Yeti at the Nizhny Novgorod plant. This move will strengthen our position in the important Russian market. To secure our future growth, we made substantial...
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