Škoda Auto has recorded a strong start to 2026, emerging as Europe’s second best-selling car brand during the first quarter, supported by robust demand, expanding electric vehicle adoption and solid financial performance. Between January and March 2026, the company delivered 271,900 vehicles worldwide, reflecting a 14 percent year-on-year increase. In Europe, deliveries rose 17.1 percent to 222,500 vehicles, significantly outpacing overall market growth. March marked the highest monthly delivery volume in the company’s history in the region, with over 90,000 vehicles delivered.
The strong performance was driven in part by growing demand for electric vehicles. Models such as the Elroq and Enyaq featured prominently among Europe’s top-selling battery electric vehicles, contributing to a near doubling of global BEV deliveries. Electrified vehicles accounted for more than a quarter of total deliveries in Europe during the quarter, underscoring the company’s progress in its transition towards sustainable mobility.
Financially, the company reported revenue of €7.9 billion for the quarter, representing a 9.1 percent increase year-on-year. Operating profit reached a record €660 million, up 20.9 percent, while return on sales stood at 8.3 percent. Net cash flow also saw a significant rise, increasing by over 60 percent to €867 million, reflecting strong operational efficiency and disciplined cost management.
Klaus Zellmer, Chief Executive Officer of Škoda Auto, stated that the company carried forward the momentum from a record 2025 into the new year, achieving its highest-ever first-quarter operating profit. He highlighted that the brand’s position as Europe’s second best-selling car manufacturer reflects customer trust, a strong product portfolio and effective collaboration across its ecosystem.
The company also reported growth in key international markets. In India, deliveries increased to 17,400 vehicles, while North African markets such as Morocco and Egypt recorded strong gains. Continued expansion in these regions supports the company’s broader strategy of strengthening its global footprint.
Production capabilities have also been enhanced to meet rising demand. The main manufacturing facility in Mladá Boleslav continues to play a central role, with the flexibility to produce both internal combustion engine vehicles and electric models. The company has also expanded its battery systems assembly capacity, strengthening its position within the broader Volkswagen Group supply chain.
