At today’s meeting, the Supervisory Board of KONČAR – Electrical Industry Inc. adopted the audited financial statements for 2018.

Based on the audited data, companies of the KONČAR Group generated a total revenue in the amount of HRK 2,963 million. The Group achieved a net profit of HRK 128.7 million, which is 19% more than the previous year.

The total value of new contracts amounted to HRK 3,026 million, which represents an 18% increase compared to 2017. All key indicators show a continuation of the Group’s stable business performance.

By taking appropriate actions and measures, and expanding its business activities to new markets, in 2018 the KONČAR Group generated a revenue of HRK 1,484 million from the sales of goods and services in international markets. The exports accounted for 55% of the Group’s total revenue.

More information on the business results of the KONČAR Group for 2018 is available in the Group’s statement.