Mitnija, the largest construction company in Lithuania, reports almost EUR 45.7 million in sales during January-June 2019, up more than 12 percent compared to the first half of 2018 (EUR 40.6 million). The company forecasts that its consolidated 2019 sales will amount to EUR 115 million or 8 percent more than in 2018, when sales totaled EUR 107 million. On July 1, 2019, Mitnija’s order backlog was almost EUR 200 million.
During the first half of 2019, Mitnija received 99.3 percent of its revenue from private sector orders and 0.7 percent from the public sector. A similar proportion of private orders will continue throughout the year.
During the period, Mitnija received 76 percent of its revenue from orders in Lithuania and 24 percent from the United Kingdom and Latvia. It forecasts that 80 percent of full-year 2019 revenue will come from construction services in Lithuania, while the other 20 percent will be from orders in Latvia and the UK.