AUTOMOTIVE STUDY 2025 / Šaroch (ed.) et al.

From the created value added, rms must then pay for personnel costs (see above), investments (acquisition of tangible and intangible xed assets), and the result is pro t or loss (pro t or loss for the accounting period). Investments of companies in the automotive industry in the Czech Republic (acquisition of tangible and intangible xed assets) increased signi cantly in 2018 and 2019, among other things, due to a greater degree of digitisation of cars and production and due to the preparation to produce electric vehicles. However, in 2020 and 2021, they fell signi cantly due to the coronavirus pandemic and companies’ prudence. It was not until 2022 that investment activity increased back to 2019 levels, i.e. CZK 65 billion, with the largest contribution coming from the nal car manufacturers. Total manufacturing investment climbed to CZK 276 billion in 2022, with the automotive industry accounting for 24% of total manufacturing investment. Fig. 3.15: Investments of enterprises - acquisition of tangible and intangible assets (CZK million)

Source: Ministry of Industry and Trade, Czech Statistical Office e total result of the automotive industry reached a record level in 2015, when it reached almost CZK 65 billion. In 2020, due to the pandemic, it fell to CZK 19 billion, the lowest since 2009. Parts and equipment manufacturers even ended up in a loss in 2020. In 2021 and 2022, pro ts for the sector as a whole were again above CZK 30 billion, but this was almost exclusively due to the nal car manufacturers, while the pro ts of parts manufacturers remained very low (CZK 3 billion in 2021 and CZK 344 thousand in 2022).

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