Koncar D&ST (KODT) Q1 2026 earnings summary

Executive summary

• Achieved strong financial and operational results in Q1 2026 despite geopolitical volatility, with all key performance indicators showing year-on-year growth and a record order backlog supporting future revenue stability.

• Order intake reached EUR 585.0 million, up over 50% in international markets, and backlog rose to EUR 2.9 billion, reflecting robust demand in energy and infrastructure sectors.

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

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 a margin of 23.9%.

• Net profit grew 11.7% year-over-year to EUR 72.7 million; normalised net profit was EUR 68.0 million.

• Operating profit reached EUR 71.4 million, up 13.2% year-over-year, with an operating margin of 21.6%.

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

• Earnings per share increased 11.0% year-over-year to EUR 19.15.

Outlook and guidance

• High order intake and backlog nearly secure the annual sales revenue plan for 2026, supporting stable and sustainable growth.

• Management expects continued strong demand for power equipment and integrated solutions, with a focus on technology development and digital transformation.