MLADA BOLESLAV, Czech Republic, Feb 26 (Reuters) - Czech car maker Skoda Auto said on Thursday it sees 2004 profits holding steady year-on-year despite the costs of launching the new mid-sized model Octavia.
East Europe's largest auto maker also said in an annual report that its does not expect any significant growth in sales this year due to subdued global demand.
Skoda posted a 2003 net profit of 1.48 billion crowns ($57.56 million), down from 1.83 billion in 2002.