KONCAR - Elektroindustrija (KOEI) Q4 2024 earnings summary

Executive summary

• Statutory mergers in 2024 integrated several subsidiaries, significantly expanding operations and business segments, especially in engineering and infrastructure, leading to substantial year-over-year changes in financials.

• The company is the parent of a group, managing assets and providing brand, marketing, and management services to subsidiaries.

Financial highlights

• Total operating income rose to EUR 133.3 million, up 337% year-over-year, driven by mergers and expanded business segments.

• Sales income increased to EUR 98.1 million from EUR 10.8 million, and dividend income doubled to EUR 34.7 million.

• Net profit reached EUR 31.5 million, up 130% year-over-year; EBITDA was EUR 30.1 million, and normalized EBITDA EUR 34.3 million.

• Earnings per share rose to EUR 12.37 from EUR 5.38.

Outlook and guidance

• The company is not exposed to significant seasonal effects.

• Ongoing calculation of income tax under Pillar 2 (Global Minimum Tax Act) may affect final tax cost.