In 2024, KONČAR aims to achieve total revenues exceeding €960 million and orders worth €1.6 billion.

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KONČAR Group is primarily involved in the production of electrical equipment and systems across various sectors, including power generation and distribution, transportation (rail vehicles and railway infrastructure), industry, and renewable energy. Their product range includes transformers, generators, electric motors, switchgear, control systems, and components for electrified transportation systems. They also provide engineering, maintenance, and related services in these areas.

Croatia’s top exporter, KONČAR Group, has laid out an ambitious Business Plan for 2024, approved by the Supervisory Board on December 14, 2023. It aims to surpass €960 million in total revenues, with projected project backlogs hitting €1.4 billion by year-end and €1.6 billion the following year.

Intensive investments in decarbonization, renewable energy, and electric mobility, particularly in the EU, have spurred demand for electrical equipment. Leveraging its strong global reputation, KONČAR aims to secure new contracts worth €1.2 billion in 2024, pushing the backlog to €1.6 billion by the end of 2024.

Mr. Gordan Kolak, President of KONČAR Management Board, emphasizes a forward-looking approach, with a focus on revenue growth, especially from exports, and investments in production capacity, equipment, and new products. Additionally, continued investment in employee development is highlighted as crucial for achieving their goals.

KONČAR Group has been producing electrical equipment and systems since its establishment in 1921. Over the years, they have diversified their product portfolio to encompass a wide range of offerings tailored to different sectors.

Their products include:

  1. Transformers: KONČAR manufactures various types of transformers used in power transmission and distribution networks, including power transformers, distribution transformers, and special-purpose transformers.
  2. Generators: They produce synchronous generators used in power plants, including hydroelectric, thermal, and renewable energy facilities.
  3. Electric Motors: KONČAR manufactures electric motors for industrial applications, such as pumps, fans, compressors, and other machinery, as well as traction motors for railway vehicles.
  4. Switchgear and Control Systems: They design and manufacture switchgear, control panels, protection relays, and automation systems used in power distribution and industrial applications.
  5. Rail Vehicles and Railway Infrastructure: KONČAR produces various components and systems for electrified rail systems, including traction systems, pantographs, signaling systems, and other railway infrastructure equipment.
  6. Renewable Energy Systems: They offer solutions for renewable energy generation, including wind turbine components, solar inverters, and grid integration systems.

KONČAR’s products are known for their reliability, efficiency, and innovation, and they serve customers both domestically and internationally across various industries, contributing to the advancement of electrical engineering and sustainable energy solutions.