Koncar D&ST (KODT) Q3 2024 earnings summary

Executive summary

• Achieved strong growth in Q1–Q3 2024, with strategic initiatives supporting expansion and green energy transition.

• Merged key subsidiaries to enhance synergies and operational efficiency.

• Secured major contracts in urban mobility, infrastructure, and power transmission, including a joint venture with Siemens Energy AG.

• Order intake reached EUR 1.28 billion, with 76.5% from international markets; backlog rose to EUR 1.96 billion.

• Market capitalization surpassed EUR 1 billion, with share price hitting a record high.

Financial highlights

• Sales revenue grew 22.2% year-over-year to EUR 734.6 million; exports accounted for 72.7% of revenue.

• Operating income increased 21.2% to EUR 745.3 million; operating profit (EBIT) up 145.5% to EUR 122.8 million.

• Net profit surged 141.4% year-over-year to EUR 116.6 million; normalized net margin reached 15.5%.

• EBITDA rose 117.9% to EUR 139.5 million, with margin improving to 19.0%.

• Earnings per share increased 123% to EUR 27.07; dividend of EUR 2.50 per share distributed.

Outlook and guidance

• Strong order backlog supports expectations for continued growth across all segments.

• Focus remains on investment in modernization, operational resilience, and talent development.

• Contracts scheduled for delivery in 2024 could push annual sales revenue above EUR 1.1 billion.