Skonto Prefab closed year 2019 with a turnover of 50.38 million euros

1 May, 2020

One of the largest exporters of prefabricated concrete and wooden structures in Latvia, “Skonto Prefab” closed last year with a turnover of 50.38 million euros, of which 89% or 44.89 million euros were construction services provided abroad. Last year the main export markets of “Skonto Prefab” were the Scandinavian countries, Germany and the Great Britain.


As a whole, we evaluate the past year positively - the volume of activity was in line with the company`s capacity. Compared to the previous year, the turnover has decreased by 3.18 million euros, however, it is related to the projects that were started in the reporting period and were completed only at the beginning of this year. Last year, we implemented the largest project in the history of the company "West Side Solna", installing structures for a residential building project with 250 apartments in Stockholm. We have also implemented the first project in Iceland.


The management of “Skonto Prefab” points out that there is a growing demand, especially in the Scandinavian countries, for industrially produced solid wood panels. We are currently working on a residential complex in Sweden - "Gråalen". It will be the largest wooden building project in Northern Europe. Currently, the first phase has started with 8 buildings having 143 apartments. Four buildings are built of prefabricated concrete elements, while the remaining four of wooden structures and glued wooden beams. In total, the project envisages 400 apartments.


"Skonto Prefab" has already exported its services and products to 20 countries. In total, the company has implemented more than 250 CLT and 200 prefabricated concrete projects.

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