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Martynas Pargaliauskas, General Director of Montuotojo. Company photo
The metal processing and industrial construction company Montuotojas, managed by the investment company INVL Asset Management Fund, announces starting with 18 million. Eur order book.
2020 the company reached 24.2 million. Turnover was 1.85 times lower than the previous year (44.7 million euros in 2019). This year, the company expects to receive 36 million. Sales income in euros.
According to Martynas Pargaliauskas, General Manager of Montuotoji, the decrease in turnover was influenced by the pandemic and renovation changes were initiated to increase the competitiveness of the company.
“We think ahead decades, so short-term results are not how we measure our success today. We know what we are aiming for and where we are going, and we also have a clear plan of how we will do it, ”he said in the report.
2019 Montotoji’s net profit amounted to 0.08 million. EUR. M. Pargaliauskas does not reveal what the net result was last year.
“We plan to have the final financial report approved by the end of April. We still do not have precise data, although we can see that the year was not as good as expected. This was due to external reasons, both from the pandemic and the restructuring of the Polish company Rafak, with which we participate as a subcontractor in the construction project of the biofuel equipment of the Vilnius cogeneration plant, ”he says.
Speaking of this year’s order book, M. Pargaliauskas says that the implementation of some new contracts will take more than a year, and some of them will be executed abroad, as the company seeks further international development.
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2020 One-tenth of Montotoojo’s revenue came from foreign orders, and this year the company plans to double this share.
“We see the greatest potential in the Scandinavian, Benelux and French markets. We are expanding our network of partnerships with large international companies operating around the world. We are entering foreign markets slowly but surely. We are trying to balance international development. and the parallel modernization of production and its processes ”, says M. Pargaliauskas in the report.
The largest international project that Montuotojo is currently implementing is the installation of a gas turbine air intake system at a power plant under construction at Siemens in France.
The most important projects completed by the company last year included the installation of technological equipment at the Vakarų medienos grupė particle board plant in Naujoji Akmenė, the installation of a storage tank at the Kietaviškių abundance greenhouse complex, the production of beams for the Žalgiris water sports center and works at the Vilnius and Kaunas cogeneration plants.
Last year, to streamline its operations, Montuotojas concentrated it on the production bases in Panevėžys, Alytus and Klaipėda.
“Last year, the Alytus factory was modernized and the Klaipėda factory was redesigned. The modernization of production capacities is also scheduled to continue this year, to be carried out at the Panevėžys plant. We modernize production in a complex way. In our case, this process includes not only renewal of equipment, new installation, change of production management processes, improvement of the working conditions of specialists, but also the redistribution of work between the divisions of the company ”, says M Pargaliauskas in the report.
The company currently has almost 500 employees.
Since 2019, Montuotoja has been managed by the investment company INVL Baltic Sea Growth Fund.
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