Modus Group

The Modus Group had consolidated sales revenue of EUR 203 million in the first half of 2023 and remained almost the same as in the same period in 2022 (EUR 203.8 million). Meanwhile, EBITDA decreased by 9 percent to EUR 20.1 million.

"Global economic challenges - inflation, rising interest rates, uncertainty - indicated a difficult period ahead as early as last year. While our results in the first half of the year remained almost the same as a year ago, Modus Group, like many organizations, faces challenges in its day-to-day operations, ranging from increased costs to a slight slowdown in demand for high-value purchases. However, we do not doubt that the Group's broad business diversification and timely strategic decisions will ensure stability", says Ainė Martinkėnaitė-Martyniuk, Chairman of the Board of Modus Group.

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