Škoda Group's financial performance: EBITDA experienced a significant surge of 185 percent.
elt2024 saw the Škoda Group unveil some impressive financial numbers, with a whopping 185% increase in their EBITDA operating result, amounting to 62 million euros. Not only that, but they also secured new orders worth a staggering 1.7 billion euros, a testament to their growing presence in the transport industry.
This powerhouse of manufacturing produces a wide range of vehicles, from trams and trains to locomotives and trolleybuses. While they are busy churning out these modes of transport, they're also not shy about embracing innovation. In fact, their innovative prowess was evident in their foray into battery-powered trains, development of an anti-collision system for trams, and involvement in an automatic train operation system for Latvia.
But wait, there's more! Škoda scored a major contract to deliver 22 ForCity Smart trams to Mainz, Germany. These trams will be a game-changer with cutting-edge accessibility features and top-notch climate control systems. They're expected to hit the streets between 2028 and 2030.
With such a strong focus on innovation, it's no surprise that Škoda invested a hefty 87 million euros in technology and research last year. Their commitment to sustainability is also worth noting, as they were the first company to produce market-ready battery units with a traction system for 3kV direct current traction.
In 2024 alone, Škoda produced a grand total of 432 new vehicles. With their relentless pursuit of excellence and innovation, who knows what they'll achieve in the years to come? As they say, the sky's the limit!
[1] https://www.skodatransportationsystems.com/en/news-media/news/skoda-tranes-to-deploy-battery-trains-for-ceske-drahy-as-part-of-czech-governments-green-plan-thing[2] https://www.skodatransportationsystems.com/en/news-media/news/skoda-transportation-systems-wins-contract-for-22- tram-deliveries-to-mainz-debi[3] https://www.railways-technology.com/news/news-skoda-transportation-systems-wins-22-tram-order-from-mainz-transport-authority-2591100/
What could be next for the Škoda Group in the finance and industry sectors? Given their recent 185% increase in EBITDA operating result and securing new orders worth 1.7 billion euros, they might consider investing more in technology and research, similar to the 87 million euros they invested last year. Furthermore, with their focus on innovation and sustainability, they could potentially explore opportunities in the finance sector, such as green bonds to further fund their eco-friendly projects.
