Koncar D&ST published their H1 2019 results yesterday, showing a 24% YoY increase in sales, 15% increase in EBITDA and a 20% YoY increase in net profit which amounted to HRK 18.6m.

Koncar D&ST published their H1 2019 results yesterday, showing a 24% YoY increase in sales, 15% increase in EBITDA and a 20% YoY increase in net profit which amounted to HRK 18.6m.

Koncar D&ST published their H1 2019 results yesterday, showing a 15% YoY increase in sales which amounted to HRK 557.6m. Meanwhile EBITDA rose 15% YoY to HRK 34.5m, as a result of the improved top line performance. However, it is worth noting that the EBITDA margin is slightly down to 6.2% (-0.5 p.p.). Below the operating line the company recorded a net financial result of HRK -0.12m which marked an 83% YoY decrease. However, since the net financial result is rather small it did not affect the overall result in a significant manner. Finally, as a result of the above-mentioned, net profit went up 20% YoY to 18.6m.

Turning our attention to the balance sheet, the company continues to operate virtually without any debt – holding a net cash position of HRK 36m.