FN-SERVISS, the leading safety expert in the Baltics on fire and occupational safety issues, has been able to continue its significant growth in the 2020 financial year, which ended for the company on September 30. Reaching a turnover of 5.58mEUR (21% growth compared to the previous financial year), the company has been able to double its revenue in the five year period. Profitability in the comparable period has tripled.
The growth of FN-SERVISS stems from both - the development of the Latvian market as well as the growth of firefighting equipment exports.
The company's growing team of currently 85 professionals continues to work to ensure even better accessibility for customers in Latvia - new customer service centers have been opened in Jelgava and Ventspils over the past year.
LR Capital is a professional and dedicated private equity investment and management company with a focus on long-term investments in Latvian and Baltic companies.
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