2019 business year was successful for Connecto

2019 business year was successful for Connecto

In 2019, the turnover of AS Connecto Eesti grew by 42% compared to 2018, reaching 40 million Euros. Business profit was 2,5 million Euros.

Work was divided into segments as following: telecommunication networks – 24%, electric networks – 65% and gas networks – 11%. In 2019, we continued the network construction, repairs and maintenance of the networks of Telia Eesti, Elektrilevi, Elering and Imatra. We completed streetlight renovation works of Viimsi municipality and Kunda and Lihula cities. In cooperation with Mipro Oy, we began modernizing the railway security systems for AS Eesti Raudtee. In spring, the Sopi 2×330 kV transmission line and in the beginning of the autumn, the 110 kV sea cable between Saaremaa and Muhumaa were energized, both constructions were ordered by Elering. During magistral gas network maintenance and repairs, we replaced more than a kilometre of high-pressure gas pipes, installed dozens of joints and constructed the new Sudiste automated remotely controlled line valve station. In the second half of the year, we handed the first completed “last mile” fast internet networks in Harju- and Viljandimaa over to Elektrilevi.

We are facing the year 2020 knowing that general business environment is in moderate decline and our sales volumes will decrease. In the same time, the company has adjusted to the altered situation, the contracts already made cover critical necessities and the sustainability of the organisation has been ensured.