KONČAR’s Q1 orders reach $2.44 B
KONČAR Group's Q1 order book rose to $2.44 B (€2.15 B), with a net profit of $74 M (€65.1 M).
Image credit: Končar Group
Croatia, Zagreb: KONČAR Group sustained its strong growth trajectory in the first quarter of 2025, setting a solid foundation for continued stable and successful operations.
During the reporting period, the Group secured new contracts worth $473.8 M (€416.3 M), with export markets accounting for a high 78 %. A key driver for future performance is the expanding order backlog, which rose to $2.44 B (€2.15 B), an increase of $125.4 M (€110.2 million) compared to the end of 2024.
Consolidated revenue from the sale of products and services amounted to $348.3 M (€306.1 M), which is $109.3 M (€96.1 M) or nearly 46 % more than in the same period the previous year. Meanwhile, the net profit amounted to $74 M (€65.1 M), marking a 129.1 % increase compared to the first quarter of 2024.
Other key indicators for the KONČAR Group also point to the continuation of positive trends. EBITDA reached $79.1 M (€69.5 M), which is $39.4M (€34.7 M) higher than in the same period last year. The EBITDA margin stood at 22.7 % in the first quarter of 2025, reflecting an increase of 6.1 percentage points.
Furthermore, revenues grew in all four business areas of the KONČAR Group – Electricity Generation, Electricity Transmission and Distribution, Urban Mobility and Infrastructure, and Digital Solutions and Platforms. As in the previous period, the Distribution and Special Transformers (D&ST), stands out with the best results. The D&ST has surpassed its previous results, with net profit up by 76 % compared to the same period last year.
“Through intensive development activities carried out over the past few years, we have secured the necessary competitiveness for a strong presence in the global market, even amid the turbulent macroeconomic conditions we are currently witnessing,” said Gordan Kolak, KONČAR Group’s CEO. “This achievement fills us with great pride, satisfaction, and optimism for the period ahead,” Kolak concluded.
Source: KONČAR Group
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