Končar Group reported consolidated sales of 636.8 million euros in the first half of 2025, marking a 33% increase compared to the same period last year. Exports accounted for 71.5% of total revenue. The book-to-bill ratio stood at 1.4, pushing the order backlog to a record-high 2.3 billion euros.
Net profit rose to 129.2 million euros, an increase of 55.5 million euros year-on-year. Profitability also improved, with the net margin reaching 20.3%. EBITDA climbed to 139.5 million euros, and the EBITDA margin expanded to 21.9%.
The company’s investment activities accelerated significantly, with capital expenditures (CAPEX) nearly doubling to 34 million euros. Key strategic initiatives included expanding production capacities, modernizing infrastructure, boosting operational efficiency, and implementing lean manufacturing and advanced equipment to strengthen global competitiveness.
A standout project is the development of the new Large Electrical Machines Laboratory in Bedekovčina. This facility will be equipped to test advanced power technologies and support the green energy transition. Once completed, it will be on par with top international laboratories and enhance Croatia’s scientific and technical infrastructure.
Končar’s strongest performances came from its transmission and distribution segments, particularly through subsidiaries like Končar Transformers, Končar Instrument Transformers, and Dalekovod Group. In urban mobility, the company is executing several contracts for trains and trams, including new deals with HŽ Passenger Transport worth 117.9 million euros.
Digital transformation remains a core focus, with further investments planned to support long-term growth and innovation.
