9. 6. 2022

Škoda Transportation Group financial results for 2021

Škoda Transportation Group, a Czech manufacturer of public transport solutions, has published its audited financial results for 2021.

Despite facing tough challenges in 2021, the Škoda achieved solid financial results, completed a number of important projects and won major new contracts. Škoda Transportation Group achieved a consolidated net income of € 22.6 million and overcome the negative effects of the covid pandemic. These had the biggest impact in 2020. EBITDA increased by 178% to € 41.36 million. Škoda also recordeDespite facing tough challenges in 2021, the Škoda achieved solid financial results, completed a number of important projects and won major new contracts. Škoda Transportation Group achieved a consolidated net income of € 22.6 million and overcome the negative effects of the covid pandemic. These had the biggest impact in 2020. EBITDA increased by 178% to € 41.36 million. Škoda also recorded a year-on-year increase in sales, which increased by 40.6% to € 604.4 million. The covid-19 disease pandemic and the rise in energy and raw material prices had a major impact on the group’s operations and finalising of orders.d a year-on-year increase in sales, which increased by 40.6% to € 604.4 million. The covid-19 disease pandemic and the rise in energy and raw material prices had a major impact on the group’s operations and finalising of orders.

The last two years have been very difficult for the industry as a whole, as we have had to deal with the impact of the covid-19 pandemic as well as the rising cost of energy, raw materials and supplies. Despite all this, Škoda achieved very good results, profits and growth. A prerequisite for our further growth is the ability to offer customers new technologies, to streamline production and to make significant progress in digitalisation. I believe that the successes achieved in these areas in 2021 will help us to be even more competitive with the biggest European players and to win orders in new territories

Didier Pfleger, CEO of the Škoda Group

Compared to 2020, the group has also significantly increased its investment in production as well as in research and development. In 2021, investments in modernisation and expansion of production reached € 54.6 million, an increase of almost 70% year-on-year. The investments concerned not only the Czech production plants in Plzeň, Ostrava and Šumperk but also the Finnish plant in Otanmäki. For example, the group expanded its production capacity, built a new testing and paint shop and invested in the repair business. Škoda Transportation Group also invested in research and development of its products, where the amount exceeded two billion crowns (€ 81.1 million). The group also recorded a significant increase in the number of employees. In total, more than 800 new jobs were created and the group now employs over 6,500 people.

 “We appreciate the trust and support of our customers and the commitment of our employees. Without this, Škoda’s growth would not have been possible in a year marked by covid-19 and supply chain problems. Importantly, we have been able to significantly improve our product portfolio and have thrived in the areas of innovation in new drives, vehicle autonomy and data analytics. Škoda is moving into the ranks of major European companies in the field of mobility and technology in public transport. I am confident that our group will continue to build a strong position on domestic markets and abroad,” comments Stanislav Kuba, Chairman of the Škoda Group Supervisory Board.

 

Škoda Group financial results

The Škoda Transportation Group is part of the wider Škoda Group, which has eight thousand employees and includes, among others, the bus manufacturer Temsa and other companies. The Škoda Group will achieve sales of EUR 614 million and EBITDA of EUR 45 million in 2021. In the case of the results of the entire Škoda Group, these are unaudited results.