# Doosan Škoda Power financial and ownership developments > Live situation record from CLSTR: https://clstr.news/situations/doosan-koda-power-financial-and-ownership-developments > Updated: 2026-10-21T18:22:28.000Z. Sources: 2. Developments: 2. In the first half of 2026, Doosan Škoda Power reported strong financial performance, highlighted by a nearly 40% increase in first-half EBITDA to 359 million CZK. This growth was driven by cost optimization and a 20.7% rise in service revenues, despite a 5% decrease in new installation revenues. The company noted significant growth in international markets, particularly in the Americas. Following these results, Doosan Power Systems completed an accelerated sale of approximately 17% of Doosan Škoda Power to qualified institutional investors. The sale of 5.423 million shares at 405 CZK per share totaled approximately 2.2 billion CZK, representing a roughly 10.6% discount to the company’s last closing price on the Prague Stock Exchange. Despite the sale, Doosan Power Systems maintains majority control with 50% plus one share. The company’s order volume has reportedly doubled year-on-year to 17.9 billion CZK, supported by its role as a steam turbine manufacturer for nuclear and thermal power plants. ## Timeline ### 2026-10-21: Doosan Power Systems sells 17% stake in Doosan Škoda Power Doosan Power Systems sold a 17% stake in Doosan Škoda Power for 2.2 billion CZK, retaining majority control with 50% plus one share. 2 sources. https://clstr.news/cluster/doosan-power-systems-sells-17-stake-in-doosan-koda-power ### 2026-09-24: Czech companies mmcité and Doosan Škoda Power report strong financial results Czech firms mmcité and Doosan Škoda Power reported strong 2026 results, with mmcité seeing double-digit revenue growth and Doosan Škoda Power increasing EBITDA by nearly 40%. 4 sources. https://clstr.news/cluster/czech-companies-mmcit-and-doosan-koda-power-report-strong-financial-results --- Cite as: Doosan Škoda Power financial and ownership developments. CLSTR, https://clstr.news/situations/doosan-koda-power-financial-and-ownership-developments