Comerc Group plans to invest R$100 million in 2020

By cave-admin 08/01/2020


Comerc Group plans to invest R$100 million in 2020

By cave-admin 08/01/2020

Comerc Group plans to invest more than R$ 100 million in 2020. Approximately half of this amount is earmarked for its energy efficiency unit (ESCO), as well as for the technology unit.

“Following their intense growth in 2018 and 2019, Comerc ESCO gained investment priority status for 2020, both in terms of hiring more professionals and exploring new business opportunities. One example: we want to expand the number of energy efficiency projects focused on refrigeration systems”, explains Comerc Group CEO Cristopher Vlavianos. Today, most projects in Comerc ESCO’s portfolio involve lighting systems.

In terms of technology, the company is betting on the development of new systems, such as the evolving interactive portal PowerView, and on DOC88, aimed at leveraging startups for the most part. “Investment in technology has proven to be essential to ensure our businesses are more attractive, cost-efficient, and above all, disruptive,” says Comerc VP Marcelo Ávila.

As a result of this investment, the Group expects to grow revenues by 20% while expanding customer portfolio by 30% in 2020.

2019 in review

2019 was a very positive year for the Comerc group. Year-end revenues are estimated to reach R$ 3.7 billion, 54% higher than the 2018 total of R$ 2.4 billion.

To make this business expansion possible, Comerc hired 110 new professionals, expanding the work force from 320 to more than 430. DOC received the largest boost in terms of new employees, growing from a staff of 48 in December 2018 to the current total of 96 employees.

In parallel, the customer portfolio grew from approximately 1700 units belonging to 910 companies in 2018 to more than 2,200 units and 1,400 customers by year-end 2019.

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