We are starting a new season of our campaign ‘Counting Trucks’! While some count tourists, we count trucks loaded with goods for export, which are significantly more important for the national economy than the export of services, a fact that is largely overlooked in public discourse.
The positive trend of newly contracted jobs for the Končar Group continues to be recorded in the business segment of transmission and distribution of electricity, resulting in even greater demand for transformers. Just this year, by mid-May, more than 860 trucks have left two of Končar’s transformer factories. This involves the delivery of distribution, medium voltage, special, and measuring transformers. Transformers from Končar have been delivered to customers around the world, primarily to the markets of Germany, Sweden, Austria, the Netherlands, Spain, Finland, Hungary, Lithuania, the USA, and Australia.
It is worth noting that Končar achieved the highest revenues, profits, and profit margins ever in 2023. Newly contracted jobs exceeded 1.3 billion euros, of which 76.6 percent was contracted for export. Changes and activities initiated over the past four years, with an emphasis on adapting to market trends, have contributed to these extraordinary results, the company states.
Additionally, the green transition in Europe has gained full momentum in recent years, which Končar seems to have recognized in time and capitalized on, resulting in rapid adjustments of development, production, and business processes to the new energy era, leading to a record amount of new orders, particularly from demanding markets in Germany, Sweden, Austria, Norway, and the Netherlands.
