Končar Distribution and Special Transformers (D&ST) achieved a consolidated profit after tax of €37.6 million, which is an increase of 76.4 percent compared to the first quarter of last year.
Consolidated business revenues in the first quarter of this year were €129.8 million or 33.4 percent higher, the company reported.
Consolidated profit before tax was €45.9 million, representing a growth of 77.2 percent compared to the same period last year. The consolidated EBITDA indicator for the first quarter of 2025 amounts to €46.7 million, which is an increase of 74.7 percent compared to the same period last year.
– Intensive investments in decarbonization projects, renewable energy sources (such as wind and solar), and electric mobility, especially in European Union countries, have generated high demand for transformers. Increased demand, a strong market position, and the established presence of the Končar D&ST group in demanding foreign markets, along with the recognition of sales opportunities, resulted in revenue and profit growth in the first quarter of 2025 – the company stated.
The management of Končar D&ST assesses that the overall condition of the Group is stable. As they noted, activities are continuously being carried out to improve organization, rationalize operations, achieve developmental breakthroughs, reduce costs, secure new contracts, and generally enhance the group’s competitive advantage in the market.
Contracts signed as of March 31 reached a value of €929.6 million, which is an increase of 24.2 percent compared to the same day last year.
