Already 5,378 people have seen this company's branding and they are being followed by 51 Storybook user.In average the company has been rated 4.5 points but has not been commented.

Strategic decision: We do not want to increase the customer base
Board member Marko Smirnov (25.11.2024): "We focus only on high-quality service and maintaining relationships with existing customers. There are no plans to increase the customer base."

's activity report 2022

In 2022, the company's activities were divided into the following proportions: construction of ventilation systems approx 80%, construction of other technical systems approx 15%, design and other services approx 5%.

The construction market was slowing down. Some projects were put on hold. This was mainly in the housing construction sector, which is not a significant sector for 1Kelvin LLC. Orders continued for reconstruction, leisure and commercial space construction. Input prices stabilized and even fell in the second half of the year.

The labor shortage eased.

We considered the main risk to be a decrease in the payment ability of customers and the stopping or delaying of initiated construction activities and the resulting payment difficulties. Risks partially materialized.

All economic goals for 2022 were exceeded. The sales revenue target of 5 million EUR was achieved and the year ended profitably. The company's employee salaries were raised and jobs were maintained. Investments were made in training and tools.

For 2023, we forecast a decrease in orders and sales revenue to 4 million EUR and a decrease in profit.

A decrease in the average salary is also expected.

The main challenge is achieving profitability in an uncertain economic environment where consumer and customer purchasing power is decreasing and competition is increasing. As a result, the focus of risk management is on evaluating partners and potentially avoiding profitable jobs.

The economic goal is to end 2023 profitably.