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Dr. Kstutis Bagdonaviius joined the SBA Group Board. Company photo
Dr. SBA Group Board joined Dr. Kstutis Bagdonaviius, became the third independent board member of the group that manages real estate, textile and furniture manufacturing companies.
Doctor in Economics K. Bagdonaviius is still over 20 years old. He worked for the European insurance company Ergo, where he held various management positions. Since 2020 Since the beginning of the year, he chaired the board of the Modus Group, a group of transportation solutions, and it was announced that it would operate in parallel. Until then, K. Bagdonaviius served on the Modus Group Supervisory Board for several years as an independent member, and was also its chairman. K. Bagdonaviius is also the president of the German-Baltic union in Lithuania.
In addition to newcomer K. Bagdonaviius, Adam Saulius Vaina, head and director of the international business consulting firm Civitta, has been serving on the SBA Board as an independent member for several years, and was joined last year by Petras Jainskas. , former chairman of the Board of the Securities Group. group.
In addition to the members, the SBA Board includes Arnas Martinkeviius, Chairman of the Board and SBA President, and Egidijus Valentinaviius, Group Vice President.
SBA Group is one of the largest in Lithuania, operating in the real estate, textiles and furniture manufacturing sectors. The group employs almost 5,000 people. The SBA furniture production sector includes upholstered furniture manufacturer Kauno baldai, as well as the SBA bald company, which manages 5 production companies: Klaipdos baldus, iluts baldus, Germanik, Visagino linij, Mebelain. SBA owns the real estate innovation company Urban Inventors, which develops the Green Hall business room in Vilnius and the BLC business center in Kaunas, as well as the investment management company Capitalica Asset Management, which operates the business center in Kaunas Dokas, Vilnius 135 and develops a modern Green office complex in the Skanste district of the city center. The SBA textile sector consists of Utena knitwear together with the companies Atrium and Mrija. Last year, the SBA acquired robotics solutions from silan company Robotex and founded SBA Modular, which plans to produce high-rise modular homes.
It can be seen that the sales of the furniture sector belonging to the SBA group in the first quarter amounted to almost 69 million. EUR and was 8% lower than last year at the same time, when it totaled 74 million. EUR.
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