KD Group

What KD Group does

KD Group is a Slovenian diversified financial holding company founded in 1994 and listed on the Ljubljana Stock Exchange under the ticker KDHG. The group operates a portfolio of subsidiaries across real estate (notably the Šumijev kvart mixed-use complex in Ljubljana), banking (a 29.36% stake in Deželna banka Slovenije), e-mobility (the ETREL EV charging software platform serving 40+ countries and the Ocean EV Charging platform deployed across 60+ countries), gambling and gaming (Casino Lent, Casino Rio, Casino Astraea, and Lido 777 under Slovenian concessions), and cinematography (Projektor/Maribox cinema operations).

The group's business model combines regulated-asset cash flows (Slovenian gaming concessions, banking) with a high-growth global e-mobility software platform and project-based real estate development. Revenue mechanics span concession-based gaming, banking interest income, EV charging software licensing and platform fees, real estate leasing/sales, and cinema ticket sales. In 2024, the group reported Group assets of EUR 106.7 million, equity of EUR 94.8 million, and a Group net profit of EUR 7.8 million, with parent net profit rising sharply from EUR 2.2 million to EUR 8.0 million year-over-year, supported by financial obligation reductions from EUR 4.5 million to EUR 2.2 million.

Following the 2019 divestiture of Adriatic Slovenica (insurance), KD Group has been repositioned as a portfolio investor concentrating on five verticals: real estate, banking, e-mobility, gaming, and cinematography. The March 2025 acquisition of Landis+Gyr EV Solutions d.o.o. (Škofljica) consolidates the ETREL business under full ownership and signals a strategic acceleration in global EV charging infrastructure software, the group's principal growth vector.

Name

KD Group

Legal name

KD Group, finančna družba, d. d.

Website

https://kd-group.com

Company type

Public

Founded year

1994

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

KD Group is a Slovenian diversified holding company operating in real estate, banking (29.36% Deželna banka Slovenije), e-mobility (ETREL and Ocean EV Charging platforms), Slovenian gaming concessions, and cinema, serving retail consumers, energy utilities, and corporate clients across more than 40 countries.

Ownership category

akta.pro rank

Product category

Diversified Financial Holdings

NAICS

Management of Companies and Enterprises (551), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

HoldCo / Permanent Capital ETA (FSANALAE)

akta.pro secondary industry

Family/Founder Succession Buyout (FSANABAK)

Keywords

• Diversified financial holding
• Investment management services
• Real estate development
• EV charging infrastructure
• Casino gaming operations

Headquarters

HQ city

Ljubljana

HQ country

Slovenia

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Net profit (KD Group d.d.): KD Group d.d. reported net profit of EUR 8.0 million in 2024 and EUR 2.2 million in 2023. As a holding company, revenue flows from dividends, portfolio management, and subsidiary performance.
2. Real Estate Operations: Real estate subsidiary Šumijev kvart completed the Šumi mixed-use building in 2023, generating EUR 2.5 million net profit. Real estate strategy focuses on new development opportunities and portfolio optimization.
3. E-Mobility (ETREL & Ocean EV Charging): ETREL and Ocean EV Charging develop and manage EV charging infrastructure and software platforms, operating in 40+ and 60+ countries respectively. Revenue derived from hardware sales, software platform subscriptions, and managed services.
4. Gambling/Gaming: Subsidiaries operate casino and gambling salons (Casino Lent, Casino Rio, Casino Astraea) under Slovenian concessions. Revenue from gaming operations, food, beverage, and events.
5. Cinematography (Projektor / Maribox): Projektor d.o.o. operates Maribox cinema center with 10 screens including Dolby Atmos audio and dual 4K projection. Revenue from ticket sales and concessions.
6. Banking (Deželna banka Slovenije): KD Group holds 29.36% stake in Deželna banka Slovenije d.d., a universal bank with Slovenia's third-largest branch network. Revenue from banking products including deposits, lending, and financial services.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

KD Group is a Slovenian diversified financial holding company that owns and manages a portfolio of subsidiaries and equity stakes spanning real estate development, banking, e-mobility, gaming, cinema, and charitable activities. The group operates casino venues, cinema chains, develops residential and commercial real estate, holds a 29.36% stake in Deželna banka Slovenije, and owns ETREL — a manufacturer of EV charging hardware alongside the OCEAN software platform for charging network management.

Product overview

KD Group is a diversified financial services holding company (originally Kmečka družba d.d., founded 1994) operating multiple business segments including financial services, real estate, cinema (KINOBOX/Maribox), gaming (Casino Rio, Casino Astraea), e-mobility (ETREL and Ocean EV Charging platforms for electric vehicle charging infrastructure), and banking (Deželna banka Slovenije). The group also operates the AS Fundacija for charitable activities. The company transitioned from an insurance holding to a portfolio investor following the 2019 sale of Adriatic Slovenica. KD Group d.d. is listed on the Ljubljana Stock Exchange with ticker KDHG, and its subsidiary Deželna banka Slovenije holds a 29.36% stake in the group.

Differentiator

Problem solved

Functional benefit

Products and services

• Casino operations Gaming and entertainment services operated through Casino Lent, Casino Rio, Casino Astraea, and Lido 777 venues, targeting adult consumers in Slovenia.
• Cinema operations Cinema exhibition services operated through the Projektor/Maribox cinema chains for film audiences in Slovenia.
• ETREL EV charging hardware Proprietary electric vehicle charging hardware manufactured by ETREL for residential, commercial, and public charging applications, sold to charge point operators and commercial buyers.
• OCEAN EV charging software platform Cloud-based software platform for managing EV charging networks, including billing, access control, and energy optimization, complementing ETREL hardware for charge point operators.
• Real estate development and management Residential and commercial real estate development, sales, and property management through Šumijev kvart, Gradnje inženiring, and Fontes Group in the Slovenian market.
• Banking services (equity stake exposure) Indirect equity exposure to retail and SME banking services in Slovenia through KD Group's 29.36% stake in Deželna banka Slovenije, including deposits, lending, and payment services.

Quantifiable outcome

• Group ROE increased from 7.7% to 8.5% (2023-2024); parent ROE increased from 2.3% to 8.6% (2023-2024)
• +3 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Six partnerships are on record, tiered core and minor.

• DLR GroupcoreStrategic or Co-development PartnerDLR Group, an architecture and engineering firm, is conducting the Terminal Tower office-to-residential conversion project in Cleveland for KD Group (K&D Group), achieving up to 75% carbon reductions through adaptive reuse. This is a key real estate development partnership.
• ETREL d.o.o. (E-mobility subsidiary)coreOthersETREL d.o.o. is a 100% owned subsidiary developing EV charging infrastructure and the OCEAN software platform. Operating in 40+ countries, it supports the transition to electric mobility for operators, enterprises, and public institutions.
• Ocean EV Charging (E-mobility subsidiary)coreOthersOcean EV Charging is 100% owned by KD Group, developing and operating the Ocean platform for EV charging management. Present in 60+ countries, serving CPOs, EMPs, energy providers, and vehicle fleets.
• Deželna banka Slovenije d.d.coreOthersKD Group holds a 29.36% stake in Deželna banka Slovenije d.d., Slovenia's third-largest bank by branch network. A universal bank serving all segments including retail, youth, legal entities, and farmers.
• AS FundacijaminorOthersAS Fundacija is a charitable foundation established by KD Group (originally Ajda Fundacija, 1995; renamed KD Fundacija, then AS Fundacija). It supports talented young individuals through financial aid for education at prestigious universities worldwide.
• Bedrock (Cleveland developer)minorStrategic or Co-development PartnerBedrock and K&D Group are described together as developers driving adaptive reuse transformation in downtown Cleveland, converting historic buildings including the May Company building (converted 2020) and Terminal Tower Residences (opened 2019).

Scale indicators10 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• EVBox (ENGIE group): Dutch EV charging hardware and software provider, now part of ENGIE, operating across Europe and globally. Directly comparable to ETREL/Ocean as a competing EV charging solutions provider serving enterprises, operators, and public-sector customers.
• Triglav Group: Slovenian insurance and asset-management holding with diversified financial-services exposure across the Adriatic region. Most directly comparable to KD Group as a small listed Slovenian financial holdco operating across banking, insurance, real estate, and asset management.
• ChargePoint Holdings: US-listed leading provider of networked EV charging hardware and software with global enterprise footprint. Directly comparable to ETREL and Ocean EV Charging as a competing EV charging infrastructure and software platform targeting CPOs, fleets, and enterprises.
• Petrol d.d. Slovenian energy and convenience-retail holding operating across fuel retail, energy supply, and renewables. Comparable as a listed Slovenian diversified holding with multiple operating subsidiaries and growing focus on sustainable energy / e-mobility infrastructure — adjacent to KD Group's energy-transition strategy via ETREL.
• NLB Group (Nova Ljubljanska banka): Slovenia's largest universal bank with regional banking presence across SEE. Directly comparable to KD Group's 29.36% stake in Deželna banka Slovenije and provides a listed Slovenian banking reference point for valuing that asset.
• Pozavarovalnica Sava (Sava Re): Slovenian reinsurance and insurance holding with diversified portfolio companies across the Western Balkans. Comparable to KD Group as a small publicly-traded Slovenian financial holdco managing a mix of regulated financial assets and operating subsidiaries.

Broad incumbents

• Exor N.V. Dutch-listed holding company controlled by the Agnelli family with controlling stakes in Ferrari, Stellantis, Juventus, and The Economist. Comparable as a family-controlled, permanent-capital, publicly-traded European holdco with diversified operating-company exposure.
• Wendel: French listed investment holding company with long-term holdings in industrial and professional-services firms across Europe. Comparable as a permanent-capital, publicly-traded European holdco applying active ownership across multiple sectors.
• Investor AB: Large Swedish publicly-listed investment holding company with diversified ownership across industrials, financial services, and real assets. Functionally analogous to KD Group's permanent-capital holdco model, but at vastly greater scale and broader geographic reach.
• Kinnevik AB: Swedish listed investment company with holdings across consumer internet, financial services, and healthcare. Comparable structural model to KD Group as a publicly-traded permanent-capital vehicle, though at much larger scale and focused on growth-stage equity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about KD Group