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.