IEK Group (JSC IEK Holding) has formed the Directorate for Financial, Economic and Legal Regulation. It was headed by Mikhail Gorbachev, who has been working at the IEK GROUP since 2009 and previously held the position of the group's Chief financial Officer. This is stated in the company's message.
His area of responsibility in the new position includes financial management of the company, legal support of its activities, as well as interaction with investors and government agencies. In addition, a number of key projects will continue to be implemented under his leadership, including the development of the Daccord business (combining assets previously owned by the Legrand Group).
IEK Group is a Russian manufacturer of integrated solutions in the field of electrical engineering and industrial automation.
The IEK GROUP is actively investing in new technologies and competencies. Over the past five years, the IEK GROUP's portfolio has included several brands: LEDEL — lighting equipment, MasterSCADA — automation and dispatching software, NEOSUN — new generation solar panels and lithium-ion batteries, FEREKS — LED lamps, TEKFOR - electrical products made of plastic. In 2023, the IEK Group acquired the Russian assets of the French company Legrand Group, which were subsequently developed under the Daccord brand and fully integrated into the holding's structure in 2025.
The company has 10 production sites, more than 4.2 thousand employees, about 40 thousand products in the assortment, as well as the production of more than 350 million products annually at the company's factories.
IEK Group's net profit under IFRS for 2024 increased by 14.3% to 3.2 billion rubles from 2.8 billion rubles a year earlier. Revenue increased by 15% to 51.4 billion rubles from 44.7 billion rubles, adjusted EBITDA fell by 23% to 5 billion rubles from 6.5 billion rubles.
