KONCAR - Elektroindustrija (KOEI) Q3 2025 earnings summary

Executive summary

• Revenue increased by 24.5% year-over-year to EUR 914.2 million, with net profit up 43.7% to EUR 167.6 million for the first nine months of 2025.

• Order intake exceeded revenue, with a backlog of EUR 2.32 billion, and a book-to-bill ratio of 1.3.

• Major milestones included the launch of Croatia's first battery-powered train and significant contracts in power transmission and digital solutions.

• Market capitalization rose to EUR 1.7 billion, up EUR 326 million in Q3 2025.

Financial highlights

• Operating income rose 24.2% year-over-year to EUR 925.8 million; operating profit (EBIT) increased 32.6% to EUR 162.8 million.

• EBITDA reached EUR 183.5 million, up 31.5% year-over-year, with an EBITDA margin of 20.1%.

• Export revenue grew 20.9% to EUR 645.9 million, representing 70.7% of total sales.

• Earnings per share (EPS) increased 60.8% to EUR 43.52.

• Cash and cash equivalents rose by EUR 70.8 million to EUR 218.8 million.

Outlook and guidance

• Management expects to surpass both prior-year results and internal targets for 2025, driven by strong momentum and Europe's green and digital transformation.