We have published our annual Staticus Group Capability Statement for 2024. Alongside the Capability Statement itself, we are sharing this letter from our CEO, Aušra Vankevičiūtė, in full. In it, Aušra reflects on a year defined by resilience, growth, and continued strategic investment — even amidst a turbulent market environment.
Navigating Uncertainty Through Strategic Investments and Financial Discipline
When I reflect on 2024, the term resilience characterizes the year. It was marked by the successful realisation of various projects, strategies, and investments, alongside a steadfast determination to navigate the complexities and unpredictability of the market landscape.
Despite economic stagnation in much of Europe, rising competition, and regulatory changes, we increased profitability to 5% while continuing to grow. This was not just a financial achievement but a validation of our strategic direction, disciplined financial management, and — most importantly — the dedication of our people.
Growth and Strategic Investments
We made key investments in 2024 to strengthen our foundation for the years ahead. We added 80 talented professionals to our team, expanding our expertise and diversifying our capabilities. We opened a new 20,000 m² logistics centre, significantly improving operational efficiency, and we signed a contract for a next-generation ERP system which will further enhance our ability to scale.
We also launched a new portfolio-based organisational structure, designed to better align our expertise with the growing complexity and diversity of our projects. By categorising our work into Major, Core, and Lean portfolios, we are ensuring that every client and project receives the attention and specialised resources it deserves.
2024 also saw the launch of our 7th office, in Italy, reinforcing our long-term vision for growth and expanding our reach across Europe.
Expanding Our Market Presence
The UK remains our strongest market, and last year we successfully reached the realisation stage on major projects with Tier 1 developers. The introduction of BSA Gateway 2 presented new challenges, but thanks to our proactive approach — including a comprehensive third-party audit — we are well-prepared to navigate these new regulations.
In Central Europe, we took the first major steps in establishing our presence. With the leadership of our new Regional Director for Central Europe, we are laying the groundwork for long-term success in this region.
Despite a slow Nordic market, we remained committed to our projects in Scandinavia, particularly through our continued work on the €47 million Landspitali Hospital project in Iceland. We secured the contract for an additional building of this development. Looking ahead, we anticipate a market recovery that will create new opportunities in 2026–2027.
Innovation, People, and Social Responsibility
Innovation continues to be one of key focus areas for us. We successfully concluded Staticus Care, a €5.3 million R&D project supported by Norway Grants for developing a low-carbon hybrid unitised façade (HUF) and investigating IoT uses for façade performance and maintenance. At the same time, we embarked on a new research project, Pilefaçade, exploring the use of Danish willow as a sustainable façade material.
Our success is built on our people, and in 2024, we took significant steps to support their well-being. We introduced a Mental Health Ambassadorship programme, partnered with professional psychologists, and established an Anonymous Healthy Workplace Helpline. Additionally, we strengthened our Health & Safety culture, achieving our annual goal of zero serious accidents.
In the area of corporate social responsibility, we continued our long-standing initiative to renovate homes for disadvantaged families, and we launched two new partnerships — becoming a patron of MO Museum and supporting the Trakai Children’s Day Centre. These initiatives reflect our deep commitment to creating a positive impact beyond our business.
Looking Ahead
As we move into 2025, our strategy remains clear: continue investing in growth while maintaining financial discipline. The steps we took in 2024 — expanding our team, enhancing operations, and strengthening our market presence — have set us on the right path.
We will continue to stay focused on the core factors that have ensured our resilience, growth and profitability so far. That means being adaptable and innovative, while building long-term partnerships and committing to our talented employees and empowering culture.
To our team, partners, and clients — thank you for your trust, effort, and commitment. We are collectively contributing to the progress of our industry, and I anticipate the opportunities that lie ahead.
