Koncar D&ST to deliver transformers to Dutch client

"Mid-March marked the successful completion of testing and the subsequent approval of the first power transformer that Koncar D&ST is set to deliver to the Netherlands in April," Koncar said in a monthly newsletter earlier this week. It did not disclose the value of the deal and the buyer.

The transformers will be delivered under a four-year framework agreement starting March 2023. The contract was signed with one of the six regional network operators in the Netherlands, in charge of the installation, maintenance, and operation of the country’s gas and electrical transmission and distribution networks.

The ordinary shares of Koncar D&ST traded 0.69% lower at 1,440 euro ($1,537) on the Zagreb bourse on Friday afternoon, while its preferred shares traded 3.50% lower at 1,380 euro. The shares of Koncar traded flat at 258 euro.

($ = 0.937 euro)