Construction, Estonia, EU – Baltic States, Good for Business, Real Estate

"More inquiries have indeed been arriving in recent weeks and they are considerably more businesslike and promising than earlier ones. Earlier on, one could sense that the ordering party had not thought things through and just aimed to get rich from accommodating refugees," Kodumaja board member Andres Leppik told BNS.

CEO Lembit Lump also said that it was difficult to gather from earlier inquiries what kind of a building was sought. "The inquiries do not speak exactly about the product but ask at once about our capacity," he told BNS earlier.

Leppik said the negotiations are in a very early phase and because of that it's difficult to say whether and when Kodumaja will start building houses for refugees who have arrived in Norway and Sweden. "We have other orders in hand until the fall, but at the same time nothing can be ruled out," he said.

Estonia's second-largest prefabricated modular buildings producer Harmet OU has received from Europe and in particular Germany more inquiries and offers to build houses for refugees than it can handle, BNS reported at the end of September 2015.

Kodumaja's sales in 2014 totaled 52.2 million euros, which was unchanged from the previous year. The profit of the company increased 20% to 8.1 million euros. Kodumaja's biggest exporting partner is Norway where sales grew 6% to 50 million euros. Export to Sweden at the same time decreased fourfold to 1.1 million euros.