UAB Modus Grupė, which operates in mobility services, the auto business, investment funds, and other businesses, has completed a public bond issue and raised EUR 8 million in less than a week. More than 400 investors from Lithuania have purchased the bonds.

UAB Modus Grupė, which operates in mobility services, the auto business, investment funds, and other businesses, on Friday, 17 November, began a public offering of surety bonds with a maturity of up to 2 years. The group plans to raise EUR 8 million through the issue. The funds will refinance up to EUR 8 million of bonds issued three years ago.

The Modus Group, an international group of companies operating in renewable energy, mobility services, the auto business, and investment funds, had consolidated sales revenue of EUR 203 million in the first half of 2023, almost at the same level as in the same period in 2022 (EUR 203.8 million). The Group's unaudited earnings before interest, taxes, depreciation, and amortization (EBITDA) decreased by 9% compared to 2022, from €22 million to €20.1 million.