Koncar Elektroindustrija d d : Record results in the face of global uncertainties

"KONČAR Group started 2022 with ambitious targets which were exceeded across nearly all segments. The 2020+ Integral Strategy set the goal of HRK 4 billion Group sales income by the end of 2024, excluding acquisitions. That goal was reached in 2022 with HRK 4.4 billion of realised sales income, which is the result of the contribution and efforts made by our employees. KONČAR embarks on the new year compelled with optimism and with expectations of good performance. Our goals remain the same - growing the income side and expanding exports, further investments in equipment and new product development, and crucially - investment in people, lifelong learning and professional development as the imperative for the realisation of strategic goals.With the global economy that has been increasingly pivoting towards sustainability, a trend that will accelerate, KONČAR has recognized the green transition as an opportunity for further growth and development of new technologies that will drive the business forward", said Gordan Kolak, CEO of KONČAR.

Excellent sales results are matched with good financial performance. EBITDA amounts to HRK 396.4 million (EUR 52.6 million), representing an increase of HRK 105.2 million (EUR 13.9 million) year-on-year. The 2022 EBITDA margin stands at 9% and is 0.6 percentage points above the 2021 margin. Compared to 2019, this represents a three-fold rise in EBITDA. With integrated Dalekovod results, EBITDA amounts to HRK 495.5 million (EUR 65.8 million), and EBITDA margin is 9.4%. The investment cycles continued in 2022, directed at investments in new equipment and machinery with a focus on the energy transition and green CAPEX, specifically in further investment in improving energy efficiency and working conditions, primarily investments in photovoltaic power plants and the consumption of renewable energy sources.