Škoda Group raises revenues to EUR 764m

Published: 15.06.2023 Related countries:  U.S.A. U.S.A.

Despite the impact of the coronavirus and the war in Ukraine, Škoda Group increased its sales by 26% y/y to EUR 763.7m in 2022. Adjusted EBITDA rose 22% to EUR 50.2m.

CEO Didier Pfleger said Škoda Group delivered 213 cars last year and production hours rose 29% to 4.4 million. At the same time, it has launched a major transformation programme aimed at making the group an international player. It opened a new office in Italy and acquired new businesses in Austria (Molinari Rail) and Belgium (The Signalling Company) in early 2023. Last year, it created more than 900 new high value-added jobs.

Source: CIA News

Prepared by the CzechTrade office in San Francisco.

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