Pilsen’s Škoda turned profitable after years of losses. Bond proceeds won’t go toward debt owed to PPF, says the finance chief

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Škoda Group returned to profit after years of losses, reporting net income of 946 million CZK and revenue growth to 35.7 billion CZK. Management says restructuring, tighter cost control, and service contracts are improving the business. The company also has 43 billion CZK in new orders and expects demand to keep rising with rail electrification and interest in battery and hybrid trains. It plans to use a new bond program to finance further growth, not to repay historical obligations to PPF. The company sees export expansion and service revenue as key stabilizers for future performance.

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