The Tallinn-based digital services company Levira has posted consolidated sales of €10.6 million and a net profit of nearly €437,000 for 2016.
At the same time, it invested €3.6 million, or 2.4 times more than in the previous year. Levira notes that net sales were 3.9% down year-on-year, while net income rose by 15.6%.
Although the company’s revenues and earnings werer nearly €8.4 million and €228,000 in 2015, this was over a nine-month financial year.
Levira’s chairman Tiit Tammiste noted that the company’s investmnets in relation to sales rose by 17.6% to 34.1% in 2015.
It introduced major investments last year in the Baltic countries such as the most modern TV broadcast field production station and commissioning of a new data centre.
The company saw net sales growth for cloud services last year and now plans to expand more strongly in the internet market.
Levira is owned by the Republic of Estonia (51%) and France’s TDF (49%).