To put things into a perspective, the contract accounts for 1.7% of the company’s trailing 12m consolidated sales.

Končar announced yesterday that they have signed a contract with the Croatian Transmission System Operator Ltd. (HOPS) for “Revitalisation of central remote control systems for the power system by upgrade to a new version”, which is worth HRK 49.9m.

The company notes that the complex project of upgrading HOPS’s existing SCADA/EMS/AGC/OTS systems to a new version of hardware and software is being implemented with a view of ensuring long-term sustainability of those central systems and introducing new functionalities in order to adequately support new business processes, digitalization and automation.

Timeframe for contract performance will be 39 months, plus 36 months of maintenance during the warranty period. To put things into a perspective, the mentioned contract accounts for 1.7% of the company’s trailing 12m consolidated sales.

As a reminder, Končar recently published their 9M report according to which the company reported an increase in sales of 12.7%, an increase in EBITDA of 43.7% and an increase in net profit of 185%. To read more about the company’s 9M 2020 results, click here.