We are happy to announce that we have successfully concluded an international tender procedure and signed our first contract in the city of Zhytomyr, Ukraine, for the design and construction of a municipal waste water treatment plant with a capacity of 220,000 PE – which is comparable in size to the Ljubljana waste water treatment plant. The value of the investment is EUR 10.5 million.
Last September we opened an office in Kiev, established excellent relations with the Ministry of Foreign Affairs of Slovenia and the Slovenian Embassy in Kiev. The embassy helped us get access to responsible persons at the highest posts in the Ukrainian government. We are sincerely thankful for their excellent work and support. Our engineering team is already at the site. Due to the remoteness and special requirements of the project and the Ukrainian market, in order for the project to be successful, the new business model will be followed by changes in the organisation of the project and the company. The other international contracts that we have been awarded this year – in Montenegro, Serbia, Bosnia-Herzegovina and Croatia — also require us to adjust the business model to different markets.
Despite the drop in net sales revenues in 2017 compared to 2016, we managed to keep the key indicators at the same level – earnings before interest, taxes, depreciation and amortisation (EBITDA), operating profit and return on equity, while at the same time increasing cost-effectiveness and added value.
In doing so we constantly follow our vision – becoming for clients a synonym for an engineering company for comprehensive implementation of best technological and investment solutions in SE Europe. Our mission is to provide our clients with optimal technological solutions.
