Koncar D&ST (KODT) Q4 2024 earnings summary

Executive summary

• Achieved record revenue and net profit for the fifth consecutive year, with all key performance indicators showing double-digit growth year-over-year, driven by strategic investments, innovation, and business transformation.

• Export contracts comprised 74.4% of total contracted revenue, with a backlog exceeding EUR 2 billion at year-end 2024.

• Market capitalization surpassed EUR 1.1 billion, earning major awards for business excellence and sustainability.

Financial highlights

• Consolidated sales revenue reached EUR 1,055.6 million, up 18.1% year-over-year; exports rose 28.3% to EUR 743.1 million.

• Net profit increased 130.4% to EUR 163.3 million; EBITDA doubled to EUR 183.2 million, with EBITDA margin improving to 17.4%.

• Operating profit (EBIT) rose 120.5% to EUR 159.4 million; normalized EBIT margin reached 15.6%.

• Book-to-bill ratio at 1.6; order intake EUR 1,667.4 million (+27.3%), backlog EUR 2,034.3 million (+43%).

• Earnings per share (EPS) increased 119% to EUR 39.84.

Outlook and guidance

• Focus for 2025 includes digitalization, expanding production, and evaluating acquisitions in Croatia and neighboring markets.

• Backlog supports planned 2025 sales revenue of EUR 1,165.6 million; contracts for 2026+ total EUR 925.8 million.