KONCAR - Elektroindustrija (KOEI) Q2 2026 earnings summary

Executive summary

• H1 2026 sales and profitability reached record levels, supported by strong domestic and international performance.

• Order intake exceeded €1bn and backlog reached €2.94bn at June 30, supporting future growth.

• Contracts scheduled for execution in 2026 fully secured planned sales revenue.

• International markets generated 71.2% of revenue; power transmission and distribution remained the largest business segment.

Financial highlights

• Sales revenue was €724.9m, up 13.8% YoY; export sales were €516.5m, up 13%.

• EBITDA was €173.4m, up 24.2%; EBIT was €157.5m, up 24.5%; net profit was €171.4m, up 32.6%.

• EBITDA margin was 23.9%, net profit margin 23.6%, and operating margin 21.7%.

• Normalised net profit was €166.2m, with a 22.9% margin; earnings per share rose 33.2% to €45.2.

• Export contracts totalled €779.3m, or 77% of order intake during the period.

Outlook and guidance

• Contracts scheduled for execution in 2026 total €823.1m; a further €2.1bn is scheduled for following years.

• High backlog and order intake provide full coverage of the 2026 sales plan and a solid base for 2027 and beyond.

• Management cautioned that current high profitability may be difficult to sustain amid rising competition and a narrowing supply-demand gap.