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HAGBERG Group continues its steady growth in the Latvian market

image HAGBERG_Moone_Oskars_Kalnins.jpg


HAGBERG Group companies continue to grow, reaching 9.5 million in the first six months of this year. This demonstrates the continued growth in the Latvian market, providing full-service real estate care, including property development, construction and management.

In the first half of 2023, the HAGBERG Group recorded a turnover of EUR 9.5 million, fuelled by demand for the services provided by the company in its various segments. The companies' operations generated a profit of EUR 903 000. Recognising the importance of infrastructure, staff competencies and technology development, HAGBERG invested EUR 853 000 in fixed assets during this period.

HAGBERG is proud of its 940 skilled and dedicated employees who are the driving force behind the company's success. The company continues to invest in the development of its employees through theoretical and practical training, creating an environment that fosters professional growth. This spring, the HAGBERG Learning Centre opened its doors, the construction of which started at the end of 2021. The main objective of the Training Centre is the competency development of employees and the sustainability of human resources.

In the first half of 2023, the company has established more than 50 new partnerships, strengthening its position and expanding its reach. 

HAGBERG Construction SIA, an affiliated company of the HAGBERG Group, concluded 11 construction projects in the first half of the year, including the renovation of the facade of the Ministry of Finance building, the renovation of premises owned by State Real Estate at 32 Brīvības Boulevard, the renovation of the facades of Latvian Railway Station buildings in Pārogre and Ikšķile, etc.

The results of this half-year reflect the HAGBERG Group's united perception and values, which are based on the delivery of quality and modern services with a vision of a more sustainable, energy-efficient future.

With 14 years of experience, strategic partnerships and a skilled workforce, HAGBERG continues to grow and improve the quality of its services.

Photo by Oskars Kalniņš