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Modus Group revenue reached EUR 204 million in the first half of 2022 as EBITDA grew by 11 percent

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 203.8 million in the first half of 2022. The group’s earnings before interest, tax, depreciation and amortization (EBITDA) for the six-month period grew by 11 percent to EUR 22 million.

Modus Group had revenue of EUR 458 million last year, investments grew to EUR 82 million

The Modus Group, an international group of companies active in renewable energy, mobility services, automotive business and investment management, had consolidated audited sales revenue of EUR 458 million in 2021, similar to the 2020 level of EUR 469 million. 

Modus Group automotive business to leave Belarus market

International company group Modus Group has made a decision to cease its automotive trade business operations in Belarus due to military aggression against Ukraine. In Belarus it represents BMW and MINI brands. Currently Group is closely cooperating with manufacturer BMW AG and looking for the best option to leave the market.

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Modus Mobility looks to raise equity funding for growth in Europe – CEO

Modus Mobility, a Lithuanian Vehicle-as-a-Service provider, is looking to raise equity funding to scale its growth in Europe, CEO and Chairwoman Ainė Martinkėnaitė-Martyniuk told Mergermarket. 

Modus Group to install 200 MW solar in Spain by 2022

Lithuanian firm Modus Group, through its renewable subsidiary Green Genius, planned to install 200 MW of solar power capacity in Spain before 2022, the company said on Thursday.

The biggest transaction for solar power parks in Poland has been announced

Aberdeen Standard Investments (ASI), a leading global asset manager, and Modus Group, an international group of companies mostly focused on renewable energy, have reached an agreement for a sales transaction for a portfolio of solar power parks in Poland.

Modus Group explores options to scale CityBee; could seek equity investor – Chairman

Lithuanian conglomerate Modus Group is exploring options to scale the operations of its car-sharing arm CityBee, including attracting an equity investor, Chairman Liudas Liutkevicius said.

Modus Group to sell 41MW-capacity solar park in Poland, could buy solar projects for development – Chairman

Lithuanian conglomerate Modus Group is in the process of selling a 41 MW-capacity solar park in Poland, Chairman Liudas Liutkevicius said.

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