Škoda Auto has reported a record-breaking financial year in 2024, achieving its highest-ever sales revenue and operating profit. Strong demand, a well-balanced model range, and strategic international expansion have reinforced the company’s market position, particularly in Europe. These results highlight Škoda’s resilience and adaptability in an evolving automotive landscape.
2024 was the most financially successful year in the history of Škoda Auto Group. The company achieved a record sales revenue of €27.8 billion (+4.7%) and an operating profit of €2.3 billion (+30.0%). Net cash flow more than doubled, exceeding €2 billion (+116.2%), while return on sales increased further to 8.3%, reflecting the company’s excellent financial performance and resilience. These strong results allow Škoda Auto to navigate the upcoming challenges of intensified transformation from a position of strength.
“I am proud to lead one of the few automotive companies that can report record financial figures during this transformative era. 2024 was the most financially successful year in our history, highlighting two of our core strengths: resilience and adaptability. A robust business model and a clearly defined roadmap are proving their worth in volatile times. Our operational efficiency and the strong reception of our modern product lineup by customers have enabled us to outperform the market, particularly in Europe, where we secured fourth position overall,” says Klaus Zellmer, Škoda Auto CEO.
Škoda Auto’s well-balanced approach—offering a broad choice of powertrains and body styles—continues to resonate strongly with customers. The brand maintained its positive momentum in 2024, increasing deliveries to 926,600 vehicles (+6.9% YoY), despite a highly dynamic market environment. Škoda was particularly successful in Europe, securing fourth place among the region’s best-selling car brands for the first time in its history. The company’s largest markets remained Germany, the Czech Republic, and the United Kingdom, while significant absolute increases were recorded in Türkiye, Poland, and Spain.
Škoda Auto launched a record number of new and updated models in 2024. Alongside the refreshed Scala, Kamiq, and Octavia, the company introduced the new Kodiaq and Superb, both featuring enhanced plug-in hybrid powertrains. In addition, Škoda unveiled the all-new Kylaq, developed specifically for the Indian market—the company’s first sub-four-metre SUV designed for this highly dynamic segment. Another key highlight of the year was the world premiere of the Elroq, marking an important milestone in Škoda’s electrification journey.
Driving Internationalisation Forward
India remains a key pillar of Škoda Auto’s internationalisation strategy and a future export hub. In 2024, the company expanded its line-up with the launch of the Kylaq, its third locally developed and produced model, following the Kushaq and Slavia. Entering the highly competitive sub-four-metre segment, which accounts for nearly 50% of car sales in India, the Kylaq is set to play a crucial role in Škoda’s ambition to sell 100,000 vehicles in the Indian market by 2026. Further strengthening its presence, Škoda also began locally assembling the modernised Kodiaq in February.
In Vietnam, the brand’s strategic gateway to the broader ASEAN region, preparations are underway to begin vehicle assembly at the newly constructed plant in Quang Ninh province. Production will initially focus on the Kushaq, with the Slavia to follow, leveraging synergies with Škoda’s manufacturing network in India through imported CKD (Completely Knocked Down) kits.
Škoda’s international expansion is also gaining momentum in other regions. In Kazakhstan, the company successfully re-entered the market, delivering over 1,400 vehicles to customers last year.
Alongside the release of its 2024 Annual Report, Škoda Auto has published its Sustainability Report, providing detailed insights into its environmental progress. Both reports are available for download from the Škoda Report 2024 site.
