Latvian locomotive repairs factory Daugavpils lokomotivju remonta rupnica (DLRR) consolidated net sales amounted to EUR 20,1 million, which is 21% less than in 2013.
The Group finished the year with losses of EUR 1,2 million.
In 2014 the Group exported its products to 8 countries, the total export volume amounted to EUR 18 million (in 2013 – EUR 23,2 million), while net sales in Latvia amounted to EUR 2,1 million (in 2013 – EUR 2,4 million). The main directions of export in 2014 were EU countries: Lithuania and Estonia, and third countries: Russia, Belarus and Uzbekistan.
During the reporting year, the Group was provided with the repair works only in Q1 and Q3 due to the devaluation of the Russian ruble and the crisis in Ukraine.
In 2015 the Group’s priority is expanding of customer base and developing of new products, including machinery industry. The Group has a material base for these activities, including the equipment purchased in cooperation with ERDF funds. To increase the economic efficiency the Company has carried out reorganization and optimization of production processes, decrease of operational costs. In 2015 the Company will continue the development in the sector of railway rolling stock repair and spare parts production.
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