Skoda Group, 2022 financial results: Ebitda +20%.

In 2022, the Skoda Group achieved solid results with increased revenues and EBITDA, despite the lingering effects of the Covid-19 pandemic, which hit the entire supply chain hard, as well as the effects of the Russian invasion of Ukraine. Although the Group faced significant challenges related to these impacts, which will still be visible in […]

By Editorial Staff

In 2022, the Skoda Group achieved solid results with increased revenues and EBITDA, despite the lingering effects of the Covid-19 pandemic, which hit the entire supply chain hard, as well as the effects of the Russian invasion of Ukraine.

Although the Group faced significant challenges related to these impacts, which will still be visible in 2023, it managed to increase all of its key financial results. Sales rose to 763.7 million euros, up 26 percent from the previous year, and adjusted EBITDA increased 22 percent to 50.2 million euros.

The Skoda Group has also embarked on a major transformation program that aims to transform the Group into a more international and competitive player.

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“Our Group is growing year by year and we have achieved many new milestones in 2022. The 22 percent increase in adjusted EBITDA is very positive, despite the challenges we have faced, and shows that the transformation program we started last year has brought the first results. Not only have the Group’s financial figures increased, but also its production capacity and performance. In 2022 we delivered 213 cars and production hours increased by 29 percent to 4.4 million,” said Didier Pfleger, CEO of Skoda Group.

The Škoda Group experienced major changes in 2022. In February, the Group appointed a new CEO, Didier Pfleger, and shortly thereafter Škoda began to establish a new organizational structure, defining a new strategy and transformation program. The Group opened a new subsidiary in Italy and in early 2023 acquired new businesses in Austria (Molinari Rail) and Belgium (The Signalling Company).
In 2022, the Škoda Group created more than 900 new high value-added positions that have a strong positive impact in the regions where the Group operates.

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