LAU Infra Group aims to become a Baltic-level company
State-owned LAU Infra Group is planning expansion in the Baltics and Nordic countries while preparing for an initial public offering (IPO).
The head of LAU Infra Group has expressed ambitions to transform the company into a Baltic-level player, citing examples such as UPB and Latvijas energoceltnieks. Currently, the company's core operations are in Latvia, but it is exploring opportunities in Lithuania and Estonia, especially in border regions where it has bases and employees. In Estonia, LAU Infra already sells its materials.
The company has experience in military infrastructure construction, a relatively rare competence that could open doors to new projects in the Baltics and beyond. The Nordic direction, particularly Finland, is important for innovation and knowledge exchange – for instance, road maintenance solutions in winter conditions. The company aims to establish partnerships with Scandinavian firms in material production.
Simultaneously, the IPO process is underway: the share offering started on June 10 and will last until June 19. The price per share is set at €1.57, with up to 6.4 million shares offered. The first trading day on Nasdaq Riga is planned for July 3. After the IPO, the state will retain at least 75.01% ownership, ensuring strategic control. This is the first time a state-owned company's shares will be partially listed on the stock exchange.
Financial results show that in the first quarter of this year, revenue was €17.316 million, down 1.9% compared to the same period last year. Profit decreased to €94,567. Last year, the company's revenue reached €97.114 million (up 2.5%), while profit grew by 6.5% to €7.392 million.
LAU Infra Group maintains over 20,000 kilometers of state roads and carries out construction and infrastructure projects important for national security and mobility.
