KONČAR business results for Q1 2021: Revenue and profit growth
Start of the financial year was excellent for KONČAR, as it achieved a strong organic sales growth in Q1. The Company generated consolidated operating income in the amount of HRK 709.2 million, representing a year-on-year increase of 15%.
Export sales continued to grow and amounted to HRK 460.0 million, representing an increase of HRK 78.3 million (20.5%) compared to Q1 2020. The share of export in total revenue from sale of products and services was 67%.
Newly-contracted transactions amounted to HRK 958.7 million, which was HRK 282.6 million (41.8%) more compared to 2020. Book-to-bill ratio for Jan-Mar 2021 was 1.39.
Backlog at the end of March amounted to HRK 4.4 billion, representing a 6.5% increase compared to the value at the beginning of the year. Transactions contracted to be realised in 2021 amount to HRK 2.2 billion, which allows for a realistic expectation that this year’s plans will be realised.
The pandemic has shown that company acted quickly in a short period of time and managed to adjust its business processes to new operating conditions, continuing positive business trends and proving quality and competence. This is the direction KONČAR want to proceed in, to the satisfaction of its customers, employees, shareholders and business partners.
