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Annual Report - Končar Distribution and Special Transformers Inc.

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4. General position of the Company<br />

The construction of the new High Voltage Laboratory with the production, storage<br />

<strong>and</strong> office premises significantly increased the overall potentials of the company,<br />

particularly with the option of participating in the segment of 63 to 100 MVA<br />

<strong>and</strong> 170 kV medium range power transformers.<br />

By prioritizing the sales <strong>and</strong> development activities <strong>and</strong> by the recruitment <strong>and</strong><br />

systematic introduction of young experts, motivation of employees, investments<br />

in the product development <strong>and</strong> production update, as well as by adjustment of<br />

the organisation to the new size <strong>and</strong> position of the company, we have successfully<br />

responded to the requirements of the complex market conditions.<br />

Very good operating results in the several recent fiscal years have financially<br />

strengthened the company. The major capital investment founded from our longterm<br />

assets has made possible the appropriate financial stability for the company<br />

<strong>and</strong> a good basis for the further development of our operations.<br />

SALES TRENDS (HRK mil.)<br />

800<br />

700<br />

600<br />

500<br />

400<br />

300<br />

200<br />

100<br />

0<br />

2006 2007 2008 2009 2010 2011<br />

2012<br />

Total<br />

Export<br />

Croatia<br />

8

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