Connecto ended the 2018 financial year with good results
The annual profit of AS Connecto Eesti was 1.45 million euros on a turnover of 28.2 million euros. Compared to 2017, the sales revenue increased by 14%; the number of employees thereby decreased by 10%, being 277 at the year end.
2018 was exceptional in the network construction business – the lack of seasonality of construction volumes allowed for optimally applying the construction capability all year round.
We face 2019 with great expectations. To date, Connecto has concluded contracts totalling 26 million euros in value, which exceeds the usual portfolio volume of contracts at the beginning of the year. We have set 15% as the target of the increase in sales revenue, thereby preserving the annual profitability. The increasing salary expenses and availability of subcontracting resources make the challenge more complicated. Thus, the focus is more and more on maintaining and developing employees and on matters related to the adjustment of work processes.