#ExploreSkoda News: Strong earnings in 2023 demonstrate robust business model within ongoing transformation

Mladá Boleslav, 15 March 2024 – The Škoda Auto Group achieved a record revenue of €26.5 billion in 2023 (2022: €21.0 billion; +26.2%). The company significantly increased its operating profit by 182.3% compared to the previous year to €1.8 billion (2022: €628 million euros). The Czech carmaker also improved its return on sales (RoS) to 6.7% (2022: 3%). Globally, Škoda Auto delivered 866,800 vehicles to customers last year (+18.5%). With 81,700 units sold, the Enyaq recorded the highest percentage growth among all models (+52.1%), making it one of the top-selling BEVs in many European markets. By entering the Vietnamese and Kazakh markets, the Czech car manufacturer continued to implement its internationalisation strategy. In addition, Škoda is also resolutely implementing its plans in the areas of digitalisation and electrification: The company is committed to investing billions of euros in e-mobility in the coming years. These strategic investments, coupled with the company’s robust financial performance, are essential for ensuring its long-term success in the rapidly evolving automotive industry.

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