Image source: Končar Group

KONČAR Group marks 100 years

Croatia, Zagreb: KONČAR Group, the regional leader in power engineering, marked on 24 January its 100th anniversary.

Over a century of business operations, it has established itself as one of the largest Croatian exporters and one of the longest-lived Croatian companies.

“The greatest importance in KONČAR’s success can be attributed to its employees, who have invested their expertise, knowledge and dedication in making this company what it is today. I can proudly say that in 100 years of doing business, we have delivered our products and services to almost 130 markets worldwide. We have delivered 400,000 transformers of various types, voltage levels and power outputs to all continents, constructed and reconstructed 375 hydropower plants, manufactured and revitalized 700 generators, and manufactured and delivered 180 low-floor trams and trains”, said Gordan Kolak, President of KONČAR Management Board.

Despite the demanding circumstances caused by the global pandemic, KONČAR Group managed to maintain high-level performance, with estimated revenue from sale of products and services of nearly $480 M (HRK3 B), which represents a 6 % increase compared to the revenue generated the year before.

“Our goals are very clear – growth and development of employees, further improved efficiency of organizational structure and production processes, increased revenue, as well as opening of new markets and expansion of our products and services portfolio. All that will enable continued growth and development of the Group, which I believe will maintain its competitiveness in markets around the world and continue to demonstrate how good a partner it is to Croatian entrepreneurs and economy”, said Kolak.

KONČAR Group intends to maintain its high-level performance in the future, and consequently its business plan for 2021 envisages further growth and improvement of operational efficiency. In 2021, the KONČAR Group companies plan to generate operating income in the amount of $550 M (HRK3.4 B). The total planned value of newly contracted transactions in 2021 is $500 M (HRK3.1 B), with a share of 58 % in the foreign market, and the planned major export destinations being Germany, Sweden, Austria, Latvia, Hungary, North Macedonia and the United Arab Emirates.

Source: KONČAR Group