PRAGUE (Reuters) – The war in Ukraine and supply bottlenecks will put a significant burden on Skoda Auto’s operating business in 2022, the Czech carmaker said on Tuesday, although it expects the supply of semiconductors to improve in the second half of the year.
The carmaker, part of the Volkswagen Group and the Czech Republic’s biggest exporter, reported on Tuesday a 3.9% year-on-year increase in sales revenue in 2021, to 17.7 billion euros ($19.48 billion).
Operating profit rose 43.2% to 1.1 billion euros.
($1 = 0.9085 euros)
(Reporting by Jason Hovet, Editing by Louise Heavens)