Pre-fab house maker Lumar increases revenues, expects growth

Maribor – Lumar IG, a Maribor-based maker of prefabricated energy-efficient homes, increased its revenues by more than 6% to over EUR 19 million last year despite the epidemic and challenging conditions. The company ended the year with a net profit of EUR 1.4 million, almost double the figure of 2019.

According to the annual report of the family-run company, which employs 80 people, almost a fifth of its total revenue was generated abroad. Besides Slovenia, Lumar’s most important market is Austria.

In addition, Lumar is also currently building its own sustainable housing units for sale on the market. Some of the planned projects in Galjevica, Domžale and Maribor are already underway and should be completed between 2021 and 2023.

In 2020, the company also undertook reorganising its business processes and the digitalisation of its operations.

CEO Marko Lukić wrote in the report that results are already partly visible in this year’s sales, which will significantly exceed last year’s.

Lumar is currently facing a huge increase in the price of all materials, most notably insulation, steel and especially wood.

The post Pre-fab house maker Lumar increases revenues, expects growth appeared first on Slovenia Times.