Vector Mais with €36M turnover
The Portuguese office, hotel and restaurant fit-out specialist Vector Mais closed 2020 with a sales turnover of €36 million.
In the year in which it celebrated its 20th anniversary in the fit-out business, Vector Mais has continued to consolidate and forecasts that 2021 will be a year of growth despite the difficulties from the pandemic.
The interiors fit-out company enjoyed a €36 million sales turnover and billed €29 million.
Duarte Aires, CEO of the Portuguese company, said 2020 was a “real challenge in terms of management and resilience, as well as staff”. In a downturn, with an economic stoppage in some critical sectors of the Portuguese economy, like hotels and restaurants, “construction continued with some opportunities for growth”.
“By using teleworking, some companies were able to carry out refits, refurbishments, and even move offices to a new location.”
In 2021, Vector Mais carried out some of the most significant interiors projects at a national level, whether as the general builder, or for customised turnkey projects.
In the offices area, the new Auchan Group HQ stands out at milestone projects in Paço de Arcos, the refurbishment of the SAP office in Lagoas Park and the ABB HQ at Quinta da Fonte, as well as the Lisbon building that housed the global services of ConvaTec.
Vector Mais was also responsible for building Spaces’ first offices and cowork space in Portugal, for the renovation of the SAGE premises in Matosinhos, and also the first phase of the refurbishment and redesign of the Nestlé campus in Linda-a-Velha.
In the hotel sector, Vector Mais began the interior refurbishment of the Hotel Ritz Four Seasons in Lisbon, in a project that involved the total reconstruction of over 90 rooms and their respective access corridors.
In the retail area, Novo Banco was the outfitters’ largest client for which Vector Mais was responsible for the construction of the first agencies that presented the new image of the bank, highlighting particularly the Master Branch in Porto and the Fonte Nova branch in Lisbon.
“In 2021, we expect a year of growth in sales and turnover, with a forecast €35 million turnover, while currently we have projects worth €25 million in the pipeline. The biggest challenge, however, will be controlling the influence of the pandemic and its effects on our operations and staff,” says Duarte Aires.