Škoda Group expands order portfolio and profit in 2024

In 2024, Škoda Group reported strong profit growth and expanded its order portfolio to €3.4 billion, which is 74% higher than the previous year. This is reported by the railway transport news portal Railway Supply.

EBITDA rose to €62 million, up 185%, while revenue remained stable at €1.36 billion. The company invested over €87 million in R&D, underscoring its focus on innovation.

Don’t miss…Fire at Grand Central Disrupts LIRR and Injures Several People

Škoda Group scaled production and broadened its portfolio

The company delivered 432 rail vehicles, including trams, trolleybuses, EMUs, and locomotive-hauled coaches.

Additionally, Škoda Group boosted output of traction motors and power systems for external clients, reinforcing its position in component manufacturing.

Škoda Group completed key international projects

In the Czech Republic, it supplied the first battery-contact train for ČD. In Finland, it tested autonomous tram operation under the Smart Depot project in Tampere.

In 2024, Škoda also equipped trams with collision-avoidance systems, enhancing urban transport safety.

New contracts include 15 battery-contact trains for ČD, and electric trains for Bulgaria with a 15-year service agreement. Private operator RegioJet is also among its clients.

Škoda Group continues to strengthen its presence across Europe by investing in cutting-edge technology and expanding its role in international rail projects.

News on railway transport, industry, and railway technologies from Railway Supply that you might have missed:

Find the latest news of the railway industry in Eastern Europe, the former Soviet Union and the rest of the world on our page on Facebook, Twitter, LinkedIn, read Railway Supply magazine online.

Place your ads on webportal and in Railway Supply magazine. Detailed information is in Railway Supply media kit