The Fegda Group, which implements the largest infrastructure projects in the country, set a new growth record in 2023. The consolidated revenue of the group increased more than two times last year – from 99 million EUR to 218 million EUR, and the net profit increased seven times, from 3.5 million EUR to 23 million EUR.

These are the consolidated results of UAB “Fegda Group,” which includes the companies “Fegda,” “Tilsta,” “SRP Projektas,” and “Alkesta.”

• In 2023, the company group completed its structural transformation, strengthened management and synergy within the group, increased operational efficiency, and enhanced its competitiveness.
• The scope of projects implemented by Fegda Group increased several times, and the number of employees grew from 800 to 1300.
• The creation of jobs and the development of new infrastructure projects were greatly boosted by the Lithuanian government’s strategy – strategic transport infrastructure projects launched by public procurement organizations “Via Lietuva,” “LTG Infra” (Lithuanian Railways), Klaipėda State Seaport Authority, Inland Waterways Authority, and institutions under the Ministry of National Defence.

“After a long time, we finally feel the clear desire of the Lithuanian state to accelerate the implementation of infrastructure projects by creating a long-term, stable, and efficient infrastructure development and defense strategy, using the capacities of all Lithuanian companies with the necessary experience in this field. This forces us and our competitors to step up, as Lithuania has never had so many large infrastructure projects being implemented simultaneously, as planned for the near future,” says Gediminas Gribulis, CEO of the Fegda Group.

This year, the company group plans to invest over 8 million EUR in strengthening production capacities, implementing new technologies, and renewing its fleet.

One of the group’s top priorities remains the goal of being the best employer in its sector.