Latvia, Machinery construction, Technology, Transport

Taking into account the negative influence of the falling ruble, the Group concluded 2014 with EUR 849,036 profit before taxes, and EUR 652,382 profit after taxes.

The Group's performance indicators decreased in 2014, as compared with 2013, due to the fall of the Russian ruble. Taking into account the increasing fall of the ruble in 2015, RER expects the sales volume to decrease by 25-35%.

The board of RER has confirmed a strategy plan to ensure optimization of all types of costs, and reduction of all types of production costs, which further ensures net turnover no lower than EUR 21 million, and net profit in the amount of EUR 0.5 million.

RER began implementing the optimization strategy plan in the first quarter of this year.

In 2013, RER's consolidated turnover was EUR 34.02 million, consolidated profit – EUR 3.29 million.