KONČAR – Electrical Engineering Institute has maintained stable and positive operations despite increasing challenges in power engineering and transport. Our economic growth is fuelled by exceptional R&D services, cutting-edge laboratories, and competitive advanced technological solutions rooted in ICT.

We are deeply involved in R&D, testing, supervision, and providing expertise across numerous KONČAR Group projects, playing a vital role in developing essential electronic and energy components. Beyond supporting our Group companies, our experts provide development and testing services to customers worldwide.

In 2023, our revenue from on-site testing and diagnostics surpassed expectations, and our Laboratory Center’s service income saw a significant increase. Key export products and services included laboratory tests for high-voltage equipment, monitoring systems for transformers and conductors, rotating machine monitoring systems, and development services for safety-critical embedded systems. Total revenue reached EUR 15.95 million, with 41% derived from testing, certification, and diagnostic services, 31% from proprietary products, and 28% from R&D.

The Institute operates solely on its own funds, free from interest, credit, and liquidity risks. Our short-term assets are 3.8 times greater than our short-term liabilities, with 42% of these assets in financial instruments and cash, ensuring sustained stability in our operations.

In 2023, our investment highlights included EUR 4.56 million allocated to fixed assets. We completed a major project, the new Laboratory for Power Systems and Drives (LAVESP), valued at EUR 4.82 million. We also initiated the modernization of the Rotating Machines Laboratory with an investment of EUR 90,000. The investment in equipment totalled EUR 3.58 million, while EUR 0.33 million was dedicated to software and development. Investment maintenance of equipment and buildings amounted to €0.39 million. Demonstrating our commitment to education, we invested EUR 0.18 million in tuition, registration fees, professional literature, and official training-related travel. Additionally, EUR 0.29 million was spent on licenses, patents, and software maintenance.