KONCAR - Elektroindustrija (KOEI) Q1 2026 earnings summary

Executive summary

• Achieved strong financial and operational results in Q1 2026 despite geopolitical volatility and market uncertainty, with all key performance indicators showing year-on-year growth.

• Order intake reached EUR 585.0 million, up over 50% in international markets, driving backlog to a record EUR 2.9 billion, securing future revenue stability.

• Export sales accounted for 72.2% of total revenue, surpassing the 2026 strategic target.

Financial highlights

• Sales revenue increased by 8.0% year-over-year to EUR 330.5 million.

• EBITDA rose 13.7% to EUR 79.1 million, with EBITDA margin improving to 23.9%.

• Net profit grew 11.7% to EUR 72.7 million; EPS increased 11.0% to EUR 19.15.

• Operating profit reached EUR 71.4 million, up 13.2% year-over-year.

• Market capitalization at end of March 2026 was EUR 1.9 billion, up 57.6% year-over-year.

Outlook and guidance

• High order intake and record backlog provide strong visibility for 2026 and beyond.

• Demand for power equipment and integrated solutions expected to remain robust, driven by global energy and infrastructure trends.