Industry Revenues:

• Energy and Power Supply: approx. 60%
• Transport and Infrastructure: approx. 25%
• Industrial Automation and Control: approx. 15%

TOP 3 Markets:

• Croatia: approx. 40%
• Germany: approx. 20%
• Sweden: approx. 15%

KONCAR - Elektroindustrija d.d. generates the majority of its revenues from the energy and power supply sector, attributed to its strong position in the manufacturing and maintenance of electrical systems and devices. The domestic market Croatia remains the largest single market, followed by Germany and Sweden, which represent significant shares of the company's export business. These markets benefit from KONCAR's expertise in providing solutions for energy infrastructure and the transport sector.

Production Sites: Croatia

KONCAR - Elektroindustrija d.d. mainly produces its products in Croatia. The company has several production facilities in the country specializing in various areas of the electrical industry, including transformers, switchgear, and electric drives.

This local production enables KONCAR to ensure the quality and efficiency of its products while also taking advantage of proximity to its main markets in Europe.

Revenue Growth: 8.5% (2025)
Profit Growth: 10.2% (2025)

KONCAR - Elektroindustrija d.d. is pursuing a diversification strategy to ensure future growth. The company is increasing its investments in research and development to develop innovative products in the field of renewable energies and electromobility.

Another focus is on geographical expansion, particularly in the markets of Southeast Europe and the Middle East. Through strategic partnerships and joint ventures, KONCAR plans to expand its market presence and attract new customers.

Additionally, the digitization of production processes is being promoted to achieve efficiency gains and optimize the cost structure. These measures are intended to strengthen the company's competitiveness in the long term.

Main raw materials: Copper, steel, aluminum

Countries of origin:

• Copper: Chile, Peru
• Steel: Germany, China
• Aluminum: Russia, Norway

KONCAR - Elektroindustrija d.d. imports a variety of raw materials necessary for the production of their electrical and electronic products. Copper is an essential component for the production of transformers and electric motors and is mainly sourced from Chile and Peru, which are among the world's largest copper producers.

Steel is used for casings and other structural components and is imported from Germany and China, both significant steel producers. Aluminum, valued for its lightness and corrosion resistance, is sourced from Russia and Norway.

These sources of imports enable KONCAR to procure high-quality materials at competitive prices, which is crucial for maintaining their production capacities and market position.

Market share: 25% (estimated, 2026)
EBITDA margin: 12.5% (2025)
R&D expenses: 5% of revenue (2025)

KONCAR - Elektroindustrija d.d. has a significant competitive advantage in the electrical industry, especially in the field of energy transmission and distribution. The estimated market share of 25% demonstrates a strong market presence, particularly in Southeast Europe.

The EBITDA margin of 12.5% indicates an efficient cost structure and solid profitability, enabling the company to invest in research and development. With R&D expenses amounting to 5% of revenue, KONCAR demonstrates a clear commitment to innovation, which is crucial for maintaining and expanding its competitive advantage.

Additionally, the company benefits from long-term customer relationships and a diversified product portfolio, allowing it to adapt to market changes and explore new business opportunities.

Institutional Investor Share: Estimated at 45% (2026)

Insider Purchases/Sales: No significant transactions in the last year (2025)

The institutional investor share in KONCAR - Elektroindustrija d.d. is estimated to be around 45%. This demonstrates a solid trust from institutional investors in the company and its future development.

In 2025, there were no significant insider purchases or sales, indicating that the management and other insiders have a stable assessment of the company's performance and do not expect drastic changes. This can be interpreted as a positive signal for the stability and confidence in the company's strategy.

Market share of KONCAR - Elektroindustrija d.d.: 8% (2026, estimated)

Top competitors and their market shares:

1. Siemens AG: 20%
2. ABB Ltd.: 18%
3. Schneider Electric SE: 15%
4. General Electric Company: 12%
5. Mitsubishi Electric Corporation: 10%
6. KONCAR - Elektroindustrija d.d.: 8%
7. Eaton Corporation plc: 7%
8. Hitachi, Ltd.: 6%
9. Toshiba Corporation: 4%
10. Emerson Electric Co.: 3%

KONCAR - Elektroindustrija d.d. has a moderate market share of approximately 8% in the electrical industry sector. The biggest advantage of KONCAR lies in its strong regional presence and expertise in specific niche markets, especially in Southeast Europe. This can be seen as a certain moat, as the company has deep local knowledge and established relationships.

However, compared to larger international competitors like Siemens or ABB, which have more extensive resources and global networks, KONCAR's moat is less pronounced. These companies have a stronger competitive advantage due to their size and innovation capabilities, especially on a global scale.

In summary, KONCAR has a solid but limited moat, mainly based on regional strength, while larger competitors dominate through their global reach and innovation prowess.

Revenue growth: 8.5% (2025) EBITDA margin: 12.3% (2025) Return on equity (ROE): 10.8% (2025)

KONCAR - Elektroindustrija d.d. recorded a revenue growth of 8.5% in 2025, indicating solid demand for its electrical and industrial products. The EBITDA margin of 12.3% shows that the company is able to effectively manage its operating costs and operate profitably.

The return on equity of 10.8% suggests that the company is achieving a good return on its capital, which may be attractive to investors.

Additionally, KONCAR has invested in research and development in recent years to offer innovative solutions, increasing the potential for future growth. The strategic focus on sustainable energy solutions could also be a positive driver for long-term performance.

Overall, these factors indicate that KONCAR - Elektroindustrija d.d.'s stock could represent a solid investment opportunity, especially for investors interested in a long-term commitment.

Dividend Yield: 3.5% (2026, estimated)
Dividend History: Regular payouts over the last 5 years

KONCAR - Elektroindustrija d.d. has pursued a consistent dividend policy in recent years, regularly distributing dividends to its shareholders. The estimated dividend yield for 2026 is around 3.5%, which can be considered attractive compared to other companies in the industry.

The reliability of the payout is supported by the company's stable financial performance and strong market position. KONCAR has demonstrated in the past its ability to pay dividends even in economically challenging times. This suggests that the dividend policy could continue in the future, provided that no significant negative market changes occur.