The Czech automaker’s strong vehicle deliveries across Europe helped offset severe losses from Chinese market pressures and multi-billion-euro Porsche write-downs.
While the broader Volkswagen empire faces deep financial turbulence, its Mladá Boleslav subsidiary continues to generate billions. Škoda Auto delivered 812,400 vehicles worldwide across the first nine months of 2026, marking a 6.1% increase compared to the previous year. Revenue climbed 3.5% to reach 23,132 million euros, while operating profit rose to 1,923 million euros, roughly 47 billion Czech crowns.
Total production across the group reached 856,400 vehicles, representing a 2.3% year-on-year increase, while total sales to sales companies rose by 3.4% to 899,100 vehicles.
Volkswagen Group Plunges Into Deep Losses Amid Restructuring Plans
The contrast within the automotive group is stark.
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Massive non-cash write-downs drove the quarterly deficit. Additional impairments of about one billion euros stemmed from fully consolidated assets in China.
The results for the first nine months clearly show one thing: We cannot waste time. We must act quickly and decisively.
Arno Antlitz, Chief Financial Officer of Volkswagen, via Newstream
Management points to lower profit margins on electric vehicles compared to internal combustion models, alongside intensifying competition in China, U.S. tariffs, and excess factory capacity. To stabilize operations, the group is advancing a restructuring initiative intended to cut costs, a program that involves portfolio streamlining and discussions regarding potential factory closures in Germany.
European Deliveries and Electric Vehicle Growth Drive Škoda Outperformance
Inside the volume brand group, Škoda’s robust performance helped balance the weaker results of the Volkswagen passenger car division. In the European market spanning the EU 27 plus four countries, Škoda registered 666,798 vehicles and maintained its position as the second best-selling automotive brand according to ACEA figures.
Germany remained Škoda’s largest market, where deliveries jumped 15.9% to 178,300 vehicles. Growth was also recorded in the United Kingdom with 71,700 vehicles, the Czech Republic with 70,500 vehicles, Poland with 50,700 vehicles, and France with 39,800 vehicles.
Electrified models played a central role in the brand’s expansion. Worldwide deliveries of fully electric vehicles and plug-in hybrids surged 34.7% to 203,100 units. In Europe, plug-in vehicles accounted for nearly a third of all Škoda sales. The Elroq and Enyaq lines emerged as key drivers, with Enyaq deliveries climbing by a quarter to 72,700 vehicles.
Reflecting on the financial period, Holger Peters, board member entrusted with managing Škoda Auto, noted that the results demonstrate the strength of the customer-focused business model while warning that the company faces tougher conditions ahead, including fiercer competition and margin pressure linked to electrification success.
Model Breakdown and Production Metrics Across International Markets
Škoda manufactured 856,400 vehicles across its global production network during the first nine months, a 2.3% increase year-over-year. Sales to sales companies reached 899,100 vehicles. While traditional high-volume models like the Octavia remained the sales leader at 138,000 units, newer entries and electric models demonstrated rapid growth.
| Vehicle Model | Deliveries (Jan–Sep 2026) | Year-on-Year Change |
|---|---|---|
| Škoda Octavia | 138,000 | −2.9% |
| Škoda Kodiaq | 107,800 | +11.9% |
| Škoda Kamiq | 92,200 | −3.3% |
| Škoda Elroq | 92,200 | +52.7% |
| Škoda Fabia | 88,100 | −2.1% |
| Škoda Karoq | 75,000 | −4.2% |
| Škoda Enyaq | 72,700 | +25.0% |
| Škoda Superb | 50,500 | −7.3% |
| Škoda Scala | 39,000 | −3.5% |
| Škoda Kylaq | 33,200 | +10.2% |
| Škoda Kushaq | 11,400 | +16.3% |
| Škoda Slavia | 9,700 | -4.5% |
Beyond Europe, Škoda continued to grow in India, where deliveries rose to 53,200 vehicles, solidifying the region as the brand’s fourth largest market. Demand also expanded in North Africa, led by gains in Egypt with 5,000 vehicles and Morocco with 4,700 vehicles.
At the same time, newer affordable electric offerings attracted early customer interest. By mid-October, the automaker accumulated more than 82,000 orders for the Epiq and Peaq models, though early delivery figures stood at 1,900 units for the Spain-produced Epiq and 700 units for the Mladá Boleslav-built Peaq.
