Modus Engineering boosts its growth
Last year, turnover of SIA Moduls Engineering reached EUR 16,384,924 with profit of EUR 1,426,891. In comparison with 2017, last year’s financial indices show substantial growth that may be largely explained by the company’s involvement in a number of major projects.
‘Among the largest projects in 2018 we should definitely mention the first phase of the Mežaparks Great Bandstand project, Rīga French Lycée Renovation and installation of fire alarm systems in 21 educational establishments in Rīga. We are happy that all projects were completed on time without any performance extensions or delays,’ said Jevgēņijs Savčuks, Moduls Engineering Member of the Board.
The company’s growth last year was driven by the change of its brand, structural changes and optimisation of internal processes of the company. The brand change was initiated at the end of 2017 and continued throughout 2018.
In its business, Moduls Engineering focuses on electrical and utility network design, installation and maintenance. In 2019, the company will continue its advancement in the chosen segments participating in both private and public tenders.
Moduls Engineering is a part of AS MN Holding group of companies, and 2019 is its 25th year in business. In that time the company has grown from a lighting fixture retailer into one of the leading companies in the utility and electrical network sector of the construction industry.