Koncar concern expects 15% sales rise in 2015

The Koncar concern will have consolidated sales revenues this year in the amount of HRK 3 billion, which is 15% higher than in 2014, and the group's consolidated pre-tax profit could amount to HRK 148.6 million, Koncar CEO Darinko Bago said at a news conference on Monday.

Domestic sales are estimated at HRK 1.7 billion, 29% up from last year's sales. Sales on foreign markets are expected to amount to HRK 1.3 billion, an increase of 1% from last year. Exports account for 43% of all sales revenues, said Bago.

The group's investments in 2015 total 124 million kuna (60% of which are the group's own funds), with 40% of that amount having been invested in development.

Speaking of the more important projects carried out this year, Bago cited low-floor electrical trains for the HZ Passenger Transport company, the delivery of new power generators and the upgrading of existing ones in Finland, Norway, Sweden and other countries, the delivery of distribution and energy transformers to 51 countries and the upgrading of transformer stations in Albania, Bosnia and Herzegovina and Croatia.

Contracts for new jobs at the end of 2015 total HRK 3.6 billion, 24% more than at the beginning of the year, said Bago.

He added that sales in 2016 were expected to increase 2-3% from this year to HRK 3.1 billion, domestic sales were planned at HRK 1.6 billion and exports were expected to total HRK 1.5 billion. Exports are projected to increase 15% from this year, he said.

Last update: Mon, 21/12/2015 - 23:30
Author: 

Related

More from Business

ECB meets overshadowed by threat of crisis in Italy

The European Central Bank met on Thursday to consider launching another round of monetary stimulus but the meeting...

Vipnet taking over Metronet

Vipnet, a mobile network operator company, has acquired a controlling share in the company "Metronet...

UniCredit sells stake in Polish bank Pekao to strengthen capital

Italy's biggest bank by assets, UniCredit, said Thursday it was going to sell a 32.8-per-cent stake in Polish...

BAT factory in Kanfanar exports to 19 markets

British American Tobacco (BAT) is satisfied with the results achieved in its first year of doing business in Croatia...

Reports: AC Milan sale to Chinese group postponed to March

AC Milan's controlling company Fininvest and Sino-Europe Sports have agreed on moving the sale of the Serie A club...