Onde wants to diversify revenue sources and enter more foreign markets

Onde Group wants to diversify its revenue sources and enter more foreign markets, Onde CEO Paweł Średniawa said.

"Today we are active only in Lithuania, but we are at the stage of analysing the opportunities offered by other European markets, and the addition of Mark Marc to the team, will allow us to diversify our revenue sources not only by segment, but also geographically," - Średniawa said on a conference call.

Earlier, the company reported that Onde's board of directors had appointed Mark Marc to the role of vice president, effective 1 September. Mark Marc to serve as vice chairman of the board.

Onde is a leading infrastructure contractor for the renewable energy sector (RES), in particular wind farms and photovoltaic farms in Poland. It also operates in the road and engineering construction sector, carrying out investments for road infrastructure in Poland. The company operates as part of the Erbud Group. Onde debuted on the WSE in 2021; it is included in the sWIG80 index.

Source: Onde and ISBnews