To put things into a perspective, the mentioned deal accounts for 2.3% of the company’s trailing 12m sales.

Končar published an announcement on the Zagreb Stock Exchange stating that Končar Electric Vehicles has signed a contract with Liepajas tramvajs (LT) for a delivery of 6 low floor tramcars in Liepaja, Latvija. This contract (No. LT 2020/4) is a follow-up of Contract No. 2018/1 through which Končar Electric Vehicles contracted delivery of 6 low floor tramcars with an option to deliver additional up to 8 tramcars when financial resources will be provided.

The company noted that at the moment LT secured resources for procurement of 6 tramcars. The contracted value is EUR 8.84m, while the first tramcar will be delivered in 18 months. Meanwhile, all 6 will be delivered within 24 months from the contract signing.

To put things into a perspective, the mentioned deal accounts for 2.3% of the company’s trailing 12m sales.