Škoda Auto financial results rise in first nine months

Škoda Auto reported a 7.4% year-on-year increase in operating profit to €1.92 billion during the first nine months of 2026, while revenue advanced 3.5% to €23.13 billion. Worldwide vehicle deliveries reached 812,400 units between January and September, representing a 6.1% increase compared with 765,700 units in the corresponding period last year. Net cash flow, however, declined 7.9% to €1.78 billion from €1.93 billion a year earlier. Return on sales improved to 8.3%, compared with 8% in the previous year, while investments decreased 11% to €1.16 billion.

Europe remained Škoda's largest sales region, recording 666,798 vehicle registrations across the EU27+4 markets and securing the company's position as the region's second-largest car brand. Germany continued to be its biggest individual market, with deliveries increasing 15.9% to 178,300 units. Other major European markets also recorded positive performances. Deliveries increased 8.4% to 71,700 units in the UK, 4.2% to 70,500 units in the Czech Republic, 10.4% to 50,700 units in Poland and 10% to 39,800 units in France. Outside Europe, India remained the company's largest market, with deliveries rising 7.8% to 53,200 units, followed by Türkiye with 32,600 units, up 1.2% year on year.

Škoda's electric vehicle deliveries increase 34.7%

Škoda delivered 203,100 battery electric and plug-in hybrid vehicles worldwide during the first nine months of 2026, representing a 34.7% year-on-year increase. Battery electric vehicle (BEV) deliveries recorded stronger growth, rising 41.3% to 167,400 units. Electrified vehicles accounted for 29.8% of the company's deliveries in Europe, compared with 24.1% during the corresponding period last year. The Elroq and Enyaq were the largest contributors to its BEV volumes, ranking third and fourth respectively among Europe's best-selling electric cars. These results also positioned Škoda as Europe's fifth-largest BEV brand between January and September.

The Elroq recorded 92,200 global deliveries, an increase of 52.7% year on year, while Enyaq deliveries rose 25% to 72,700 units. The Elroq also achieved leading positions in several European markets, including Germany, Denmark and Slovakia, where it ranked as the best-selling electric car. The performance of these two models contributed significantly to the company's expanding electric vehicle volumes and strengthened its position in Europe's battery electric vehicle market. Their respective third- and fourth-place rankings among the region's best-selling electric cars further highlighted their contribution to Škoda's electrification performance during the reporting period.

Epiq and Peaq expand Škoda's electric vehicle portfolio

Škoda expanded its electric vehicle portfolio during 2026 with the introduction of the Epiq and Peaq, taking its overall model range to 14 series. The two models received more than 82,000 customer orders by mid-October, indicating demand for the company's expanded electric vehicle offering. Production responsibilities are divided between two locations: the Epiq is manufactured in Spain, while the Peaq SUV is produced at the company's main manufacturing plant in Mladá Boleslav, Czech Republic. The additions broadened the company's electric vehicle lineup alongside the existing Elroq and Enyaq models.

Among Škoda's other vehicles, the Octavia remained its highest-volume model, recording 138,000 deliveries, although volumes declined 2.9% year on year. The Kodiaq followed with 107,800 units, representing an 11.9% increase, while the Kamiq recorded 92,200 units, down 3.3%. The Elroq also registered 92,200 deliveries during the period. The Fabia accounted for 88,100 units, a decrease of 2.1%, while Karoq deliveries declined 4.2% to 75,000 units. These contrasting model-level performances reflected differences in demand across the company's passenger vehicle portfolio.

Škoda India deliveries increase 7.8% to 53,200 units

India recorded 53,200 Škoda Auto vehicle deliveries during the first nine months of 2026, increasing 7.8% from 49,400 units in the corresponding period last year. The country remained the company's fourth-largest market globally and its largest market outside Europe. The updated Slavia and Kushaq contributed to demand, although individual model performances varied. Kushaq deliveries increased 16.3% to 11,400 units, while Slavia volumes declined 4.5% to 9,700 units. The Kylaq recorded 33,200 deliveries, representing a 10.2% year-on-year increase and accounting for the largest volume among the three reported India models.

Commenting on the company's financial performance, Holger Peters, interim CEO of Škoda Auto, said the automaker expects increased competition and margin pressure as electrification progresses. He attributed the first nine months' performance to the company's model portfolio, cost discipline and efficiency measures. However, he also identified market competition and profitability as challenges for the coming year. His comments highlighted the importance of maintaining operational efficiency and financial discipline while expanding the electric vehicle portfolio. The company's improving operating profit and revenue, alongside declining net cash flow and investment, provide important context for assessing its financial performance and the challenges associated with its ongoing electrification activities.

Industry Impact & Outlook

Škoda Auto's first nine months of 2026 demonstrate the importance of combining conventional vehicle sales strength with expanding electric vehicle volumes. Its 34.7% growth in electrified vehicle deliveries, alongside a 41.3% increase in BEV deliveries, highlights the growing contribution of electric models to its European business. The introduction of the Epiq and Peaq further expands its product offering, while strong performances in Germany and India demonstrate its geographical sales reach. However, declining net cash flow and investments, together with management's warning about competitive and margin pressures, underline the financial challenges accompanying electrification. Maintaining profitability, cost discipline and operational efficiency will remain important considerations as the company navigates the coming year.

Frequently Asked Questions

1. What was Škoda Auto's operating profit in the first nine months of 2026?
Škoda Auto reported an operating profit of €1.92 billion during the first nine months of 2026, representing a 7.4% increase compared with the corresponding period last year. Its revenue also increased 3.5% to €23.13 billion, while worldwide vehicle deliveries rose 6.1% to 812,400 units. Return on sales improved from 8% to 8.3%. However, net cash flow declined 7.9% to €1.78 billion, and investments decreased 11% to €1.16 billion during the reporting period.

2. How many vehicles did Škoda Auto deliver worldwide between January and September 2026?
Škoda Auto delivered 812,400 vehicles worldwide between January and September 2026, compared with 765,700 units during the same period in 2025. This represented a 6.1% year-on-year increase. Europe remained its largest sales region, with 666,798 registrations across the EU27+4 markets. Germany was its biggest individual market, recording 178,300 deliveries, up 15.9%. India was its largest market outside Europe, with 53,200 deliveries, while Türkiye recorded 32,600 units during the reporting period.

3. How did Škoda Auto's electric vehicle deliveries perform in 2026?
Škoda Auto delivered 203,100 battery electric and plug-in hybrid vehicles worldwide during the first nine months of 2026, marking a 34.7% year-on-year increase. BEV deliveries grew 41.3% to 167,400 units. In Europe, electrified vehicles represented 29.8% of the company's deliveries, compared with 24.1% a year earlier. The Elroq recorded 92,200 deliveries, while the Enyaq reached 72,700 units. Their performances helped Škoda secure fifth place among Europe's largest BEV brands during the January-September period.

4. Which new electric vehicles did Škoda introduce in 2026?
Škoda expanded its electric vehicle portfolio in 2026 by introducing the Epiq and Peaq, taking its overall model range to 14 series. Together, the two models received more than 82,000 customer orders by mid-October. The Epiq is manufactured in Spain, while the Peaq SUV is produced at the company's main plant in Mladá Boleslav, Czech Republic. Their introduction expands the company's electric vehicle offering alongside the Elroq and Enyaq, which were among its largest contributors to BEV deliveries during the first nine months.

5. How many vehicles did Škoda Auto deliver in India during the first nine months of 2026?
Škoda Auto delivered 53,200 vehicles in India during the first nine months of 2026, representing a 7.8% increase from 49,400 units in the corresponding period last year. India remained the company's fourth-largest market globally. Among its reported models, the Kylaq recorded 33,200 deliveries, increasing 10.2%, while Kushaq volumes rose 16.3% to 11,400 units. Slavia deliveries declined 4.5% to 9,700 units. These figures show different demand trends across the company's three reported Indian models.

6. What challenges does Škoda Auto expect as electrification progresses?
Škoda Auto expects increased market competition and margin pressure as electrification progresses, according to interim CEO Holger Peters. He attributed the company's first nine months' financial performance to its model portfolio, cost discipline and efficiency measures. However, he identified competition and profitability as challenges for the coming year. The company's financial results also showed declining net cash flow and investments despite higher operating profit and revenue. These developments highlight the importance of maintaining financial discipline and operational efficiency while expanding its electric vehicle portfolio.