KONČAR Group presented its 2020 unaudited financial results to analysts and investors

In line with the best practice in corporate governance, KONČAR Group held an online presentation of its 2020 unaudited financial results.

Despite various negative effects of COVID-19 pandemic, KONČAR Group recorded excellent results and met majority of its planned targets.

Unaudited financial results

In 2020, KONČAR Group recorded total revenues of 3.189,4 million HRK, which represents a 6,8% increase in comparison to 2019. The Group’s EBITDA was 33% higher in 2020 in comparison to 2019, and it amounted to 177,6 million HRK. EBITDA margin in 2020 rose to 6% compared to 2019 EBITDA margin of 4,8%.

During 2020, the Group contracted 3.734,6 million HRK of new projects, and its book-to-bill ratio amounts 1,26. At the end of 2020, backlog of the Group amounted to 4.159 million HRK, which is 22,4% higher in comparison to its level at the beginning of the year.

The Group’s satisfactory liquidity, low debt level and good contracting for the coming period is expected to facilitate achieving plans and goals set for 2021.

In the future KONČAR Group will focus on further developing its renewable energy segment and digitalization of the Group’s current products, services and manufacturing capacities.

Stay in the loop and subscribe to KONČAR News

Wondering what’s in our pipeline, curious to learn more about our key export markets, our corporate sustainability and why we believe that people are at the core of our success?

Subscribe to KONČAR News and stay in the loop. Catch up with our latest achievements and successes monthly.

Subscribe
KONČAR Newsletter

Related news

You might also be interested in this news.

Recognition week: export excellence and sustainable business practices
Sustainability
Recognition week: export excellence and sustainable business practices

The second week of September was marked by a series of prestigious recognitions that reaffirm the strategic direction and achievements of KONČAR Group in the fields of export and sustainable busine

KONČAR accelerates strategic growth in digital solutions segment
Business
KONČAR accelerates strategic growth in digital solutions segment

In addition to its strong presence in the power engineering and urban mobility sectors, in recent years KONČAR has been intensively developing its business area focused on digital solutions and pla

Vik – Sogndal, an engineering achievement shaping Norway’s energy landscape
Business
Vik – Sogndal, an engineering achievement shaping Norway’s energy landscape

Dalekovod, KONČAR Group member, is currently undertaking one of Norway’s most ambitious infrastructure projects.