KONCAR - Elektroindustrija (KOEI) Q1 2026 earnings summary

Executive summary

• Q1 2026 delivered year-on-year growth across key performance indicators despite geopolitical volatility and market uncertainty.

• Order intake reached EUR 585.0 mln, driving backlog to a record EUR 2.9 bn and supporting revenue visibility for 2026 and beyond.

• Export sales represented 72.2% of total sales income, exceeding the 2026 strategic target.

Financial highlights

• Sales revenue rose 8.0% YoY to EUR 330.5 mln; export sales were EUR 238.5 mln, up 14% YoY.

• EBITDA increased 13.7% to EUR 79.1 mln, with margin improving to 23.9%.

• Operating profit reached EUR 71.4 mln, up 13.2%; net profit grew 11.7% to EUR 72.7 mln and EPS rose 11.0% to EUR 19.15.

• Market capitalization at March-end was EUR 1.9 bn, up 57.6% YoY.

Outlook and guidance

• 2026 plan targets total income above EUR 1.4 bn, export revenue share of 70%, and backlog above EUR 2.9 bn.

• Contracts worth EUR 1.1 bn are scheduled for execution in 2026 and EUR 1.8 bn in following years.

• Existing backlog and contracted projects almost fully secure planned 2026 sales revenue; demand for power equipment and integrated solutions is expected to remain robust.