About SIA Citrus Solutions
SIA Citrus Solutions is a part of SIA Lattelecom group, owned by the state of Latvia (51% of shares) and Telia Sonera (49%). Our company was founded in 2005, but historically we were formed on the basis of the Network Maintenance Division of SIA Lattelecom, therefore we have more than 15 years of experience in the area of telecommunications and engineering solutions.
2014 has been a successful year for us, demonstrating a growing revenue curve. In 2014, the Company’s revenue was 23.7 million EUR against 22.3 million EUR in 2013, which was in turn by 3% higher than in 2012 when revenue totalled 21.6 million EUR. The Company’s performance for 2014 was a profit of 686 thousand EUR.
Revenue growth has been driven by the development of new business directions as well as the implementation of large and significant projects. Last year was characterised by active and broad construction of external data networks in Latvia, due to the orders of our parent company SIA Lattelecom as well as large orders of external customers. For example, last year, we carried out the designing and construction of the external network project for Latvijas Valsts radio un televīzijas centrs (Latvia State Radio and Television Centre), within which we completed the construction of the optical network in Vidzeme un Kurzeme, laying underground cables of approx. 510 km length. The data network works, as well as the next generation security system design and construction works completed at the administrative office building of the State Revenue Service last year are also worth mentioning.
Importantly, we also launched new services last year. Acknowledging that heating, ventilation and air conditioning (HVAC) represent an essential part of the engineering systems of buildings and is closely intertwined with building management systems that we are experienced in and have been offering services of for many years, as well as thinking about customer convenience and the possibility of receiving all the necessary engineering design and construction services at a single point, last year, we also launched heating, ventilation and air conditioning system design and installation services. Thus, our unique advantage is our ability to offer a full range of services to customers, assuming the overall liability throughout the course of the project – from the original idea to the design, and later – to the construction and maintenance of the solution. We are currently implementing a number of HVAC projects, e.g. the construction of ventilation, cooling and heating systems for the office building of C.T.Co. We are also working at the implementation of the future HVAC projects.
We continue to offer the installation and integration of the next generation security systems, continuously mastering the latest technological solutions, which open up much wider opportunities for their application, depending on the industry represented by the customer, e.g. offering solutions aimed at maximising the efficient operation of buildings and energy savings to commercial objects and office buildings, thus allowing the users and facility managers of such buildings to effectively and economically manage the buildings. Conversely, for high-security facilities we offer integrated security systems with much higher levels of control, as well as other innovative technological solutions such as thermal cameras, optical cameras, radio radars, etc.
This year we plan to move forward in the area of the development of energy-efficient data centre design and construction. Drawing on our accumulated knowledge and experience gained from already implemented projects, we provide the data centre concept design, project design, design audit, design and/or construction and operational management and supervision services, as well as testing and certification services.
We have now been focusing on the hotel segment. Last year, this industry had quite a considerable growth, while the future development of the sector is questionable due to the geopolitical circumstances. Nevertheless, we are truly glad about the projects that we have already implemented and plan to implement in the future.