Koncar D&ST (KODT) Q2 2026 earnings summary

Executive summary

• Achieved record-high profitability and robust growth in H1 2026, driven by strong global demand for power infrastructure and operational efficiency.

• Revenue reached €724.9 million, with 71.2% from international markets; EBITDA margin was 23.9% and net margin 23.6%.

• Secured new contracts exceeding €1 billion, with a backlog surpassing €2.9 billion, ensuring high revenue visibility and stable production capacity.

• Major strategic projects include a new factory with Siemens Energy, significant contracts in Sweden and the Czech Republic, and expansion in North Macedonia and Croatia.

• Power transmission and distribution remained the main growth driver, with significant growth in power generation and digital solutions.

Financial highlights

• H1 2026 sales income reached €724.9 million, up 25% year-over-year; export sales income was €516.5 million, up 13% year-over-year.

• EBIT rose 24% to €173.4 million; EBITDA increased 33% to €171.4 million.

• Net profit grew 32.6% to €171.4 million; net profit margin improved to 24%.

• Book-to-bill ratio at 1.4; backlog increased 27% year-over-year to €2,939.7 million.

• Earnings per share rose 33.2% to €45.2.

Outlook and guidance

• Existing backlog fully secures planned sales revenue for 2026 and provides a solid foundation for growth in 2027 and beyond.

• Contracts worth €823.1 million scheduled for execution in 2026; €2.1 billion for subsequent years.

• Continued investments in people, technology, and production capacity to meet rising global demand.