Modus Group

Today, at the Verslo žinios conference "Verslas 2025", business owners, board members and CEOs shared their advice, practical insights and plans for the future. Aine Martinkenaite-Martyniuk, Chair of the Board of Modus Group, also shared her experience. She told a story about her first steps in business, work culture, and the management rules she breaks daily. The most important working principles that Ainė highlighted were: 📌 Hire those who are smarter than you; 📌 Trust and give freedom; 📌 Discuss ideas openly and persistently; 📌 Give opportunities for trying and making mistakes. #ModusGroup #ManagementStrategy

GREEN GENIUS, a leading renewable energy company under the Modus Group, is seeking an independent member to join its newly established Supervisory Board. This board will steer strategic vision and ensure strong, professional governance as we scale our clean energy initiatives across Europe. The European Bank for Reconstruction and Development (EBRD) recently invested €100 million in Green Genius, becoming a minority shareholder to help advance our growth and sustainability goals. The independent Supervisory Board member we are searching for will be responsible for providing objective oversight, ensuring adherence to good governance practices, and helping steer Green Genius toward achieving long-term success. 🌱 We're looking for someone with a solid background in supervisory boards and management of multinational companies, ideally with experience as a Chairperson of the Board.    Apply by November 11 to help drive a greener future! Find the link in the comments below. 👇

A significant milestone for GREEN GENIUS! Green Genius, a renewable energy company is to receive an equity investment of up to EUR 100 million from the European Bank for Reconstruction and Development (EBRD). The transaction, subject to the approval of competition regulators in several countries, will make EBRD a minority shareholder in GREEN GENIUS.  "We have been working with the EBRD for 7 years now – we have successfully implemented a number of projects and have had the opportunity to see in real life that the organisations' views and values are aligned on key issues. We know that this organisation sets the highest standards for its partners, and we consider EBRD's becoming a shareholder and financial partner of Green Genius to be a great recognition," says Ainė Martinkėnaitė-Martyniuk, Chair of the Management Board. More information in the article 👇

Don't miss the insightful interview with Aine Martinkenaite-Martyniuk, Chairwoman of the Board of Modus Group, about the past year for Modus Mobility and Modus Automotive.       Despite a challenging year for the Modus Mobility business, the company has focused on efficiency, productivity, and strategy improvements, which will help improve future results. The past year has also brought changes in the market, encouraging consumers to choose car-sharing services, thus expanding our customer base.  Modus Automotive has demonstrated its stability and resilience in economic fluctuations. The premium automotive sector has reacted calmly and moderately – we see its growth year after year. We value our close relationship with our customers, which has created confidence in our brand and further solidified our position in the market.    https://lnkd.in/dqqQmuye #ModusGroup #BusinessStrategy 

In 2023, Modus Group's consolidated sales revenues were EUR 392 million, which was similar to 2022 (EUR 404 million). The EBITDA amounted to EUR 45 million, while investments in Lithuania and abroad almost doubled to EUR 262 million. Moreover, Modus Group successfully issued a EUR 8 million bond last year, with a 2.5-fold increase in investor demand for the public offering.  "2023 was another challenging year: concerns about the war in Ukraine continued, high operating and borrowing costs slowed consumption and investment, and uncertainty remained about the economic outlook. In this context, Modus Group's ability to maintain similar revenues as in 2022 is considered a good result and proof that our business is resilient and well diversified both geographically and by sector," says Aine Martinkenaite-Martyniuk, Chairman of the Board at Modus Group.  📍Follow the business overview in the comments to find out more. 

We can all agree on the importance of making sure that sustainability solutions are not just documented but turned into real action. That's what we work for every day at Modus Group. 🌿   This Wednesday's business workshop, organized by Verslo žinios, offers valuable presentations on reducing the use of fossil fuels, preparing for sustainability reporting for companies, and how sustainability is changing business strategy practices in Lithuania and globally. Ieva Punyte, ESG Lead at Modus Group, will share our sustainability success stories during a panel discussion with Martynas Nagevicius and Simonas Stankus. No action is too small to create a positive change for the future. 🌎  Interested? The online event will take place on 28 February. More information: https://lnkd.in/dwBsefuW

The podcast "Rinkos: kas man iš to?", presented by Verslo žinios, has recently announced its Top 5 episodes of 2023, capturing substantial attention from its subscribers. In this series, Naglis Navakas engages with market professionals to unravel the most pressing issues in the stock, bond, and commodity markets, clarifying what these developments mean for investors. This TOP 5 also includes an interview with Aine Martinkenaite-Martyniuk, CEO of Modus Group, who provided in-depth insights into the Group's businesses, market trends, and the refinanced bond issue. Additionally, a conversation with Povilas Peciulis, CEO of Modus Asset Management, who shared in-depth knowledge and insights on the evolving energy sector, which has seen some interesting developments in recent years. If you haven't had a chance, discover these episodes and more in the dedicated Podcasts section on Verslo žinios. https://lnkd.in/dZq6tV2V

As 2023 draws to a close, we take a moment to reflect on our journey this year. It has been a year of challenges that eventually turned into opportunities, small victories that led to significant milestones, and learning and growth at every step. As we welcome the festive spirit, we send our warmest holiday wishes to our colleagues, partners, and customers. May this season be a time of relaxation, joy, and renewal so that each of you can prepare for an exciting year ahead. Thank you for being part of our story. Happy Holidays! 🎄