Investments in modernisation and expansion of production amounted to CZK 1.4 billion last year.
The Skoda Transportation engineering group improved its performance last year. The public transport vehicles manufacturer increased sales by 41 percent year-on-year to CZK 15.5 billion, while EBITDA rose by 178 percent to CZK 1.06 billion. Net profit was CZK 580 million. The group published its results today.
Skoda was successful in acquiring new contracts last year, with work backlog rising by 11 percent year-on-year to CZK 81.4 billion. Investments in modernisation and expansion of production amounted to CZK 1.4 billion last year (+70 pct yoy). Investments were made in the Czech production plants in Plzen, Ostrava and Sumperk as well as in the Finnish plant in Otanmaki. Another CZK 2 billion went into research and development. In total, over 800 new jobs were created last year, and the Skoda Transportation Group now employs over 6,500 people.
Skoda Transportation has been owned by PPF Group since 2018. Recently, the manufacturer has been presenting itself as Skoda Group.
Edited and translated by Lucie Trávníčková.
foto Electric unit for Latvian railways. Credit: Skoda Transportation