Koncar stock: Strong nine-month growth drives new order visibility

KONCAR reported strong growth for the first nine months of 2026 on October 29, as revenue, profitability and new orders advanced. The Croatian electrical-equipment group said its order backlog reached a record level, supporting visibility into future sales. The figures were published by KONCAR.

Growth remains broad-based

Revenue reached EUR 1,095.9 million through September, an increase of 19.9 percent from the comparable period a year earlier. EBITDA rose to EUR 232.9 million, giving the group an EBITDA margin of 21.2 percent, while net profit amounted to EUR 230.6 million, or 21.0 percent of sales.

KONCAR secured EUR 1.75 billion in new orders during the period, including EUR 731.2 million in the third quarter. The order backlog stood at EUR 3.3 billion, with orders worth EUR 2.76 billion already secured for 2027 and subsequent years.

Exports support expansion

International markets generated EUR 772.8 million in revenue, representing 70.5 percent of the group total. Revenue from European Union markets rose 24.6 percent to EUR 571.4 million. Germany, Sweden and the Netherlands were the largest export markets cited by the company.

Power transmission and distribution remained the main growth engine, accounting for more than 70 percent of sales revenue. KONCAR also reported progress in power generation, digital energy solutions and urban mobility, including the introduction of a bimodal electric-diesel train on the Split-Zagreb route.

Share split awaits approval

The Supervisory Board approved management's proposal for a 1-for-10 split of KONCAR ordinary shares. The final decision rests with the General Assembly. If approved, the number of shares would rise to 25.7 million while share capital would remain EUR 159.5 million.

The proposal is intended to improve retail access to the shares and follows a September record high of EUR 1,082.00 cited in the company's report. That historical figure is not a current market quote.

KONCAR's business and position

KONCAR is a Croatian industrial group headquartered in Zagreb. Its activities span power transmission and distribution, power generation, digital solutions and urban mobility, with products and services sold in Croatia and international markets.

The group is expanding beyond its domestic base through projects for European transmission system operators and other infrastructure customers. Its profile is that of a specialized regional electrical-equipment and energy-technology provider with growing exposure to European grid investment.

European power infrastructure spending remains a key market backdrop for industrial suppliers, as reflected in the Euro Stoxx 50.

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