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.

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.