Kauno energija
AB “Kauno energija” was established on 22nd of August of Y1997. The main activities are heating supply for consumers, a production of heating and electric power. Since Y1998 company’s shares are listed in the additional listing of Nasdaq Vilnius stock exchange. The company is the parent company of UAB GO Energy LT.
Financial results
P/L Statment
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Revenue | 42,030 | 50,963 | 87,992 | 85,048 |
| Cost of goods sold | 40,117 | 52,201 | 79,087 | 75,729 |
| Gross profit (loss) | 1,913 | -1,238 | 8,905 | 9,319 |
| Gross profit margin | 5% | -2% | 10% | 11% |
| Operating expenses | 2,877 | 1,945 | 2,033 | 4,357 |
| Operating profit (loss) | -2,159 | -4,245 | 5,774 | 3,684 |
| Operating profit margin | -5% | -8% | 7% | 4% |
| EBITDA | 6,567 | 7,197 | 12,915 | 12,740 |
| EBITDA margin | 16% | 14% | 15% | 15% |
| Net profit (loss) | -152 | 72 | 6,356 | 4,505 |
| Net profit margin | -0% | 0% | 7% | 5% |
Balance sheet
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Non-current assets | 152,174 | 156,713 | 168,155 | 185,005 |
| Intangible assets | 117 | 77 | 98 | 249 |
| Tangible assets | 150,382 | 155,243 | 166,802 | 183,470 |
| Financial assets | 409 | 186 | 114 | 203 |
| Other non-current assets | 1,266 | 1,207 | 1,141 | 1,083 |
| Current assets | 10,729 | 23,221 | 35,731 | 28,535 |
| Inventories and prepaid expenses | 1,934 | 6,163 | 4,856 | 2,796 |
| Accounts receivable in one year | 6,970 | 13,362 | 25,325 | 17,192 |
| Other current assets | 0 | 0 | ||
| Cash and cash equivalents | 1,800 | 3,696 | 5,550 | 8,547 |
| Total assets | 162,903 | 179,934 | 203,886 | 213,540 |
| Equity | 89,673 | 89,745 | 96,101 | 97,606 |
| Grants and subsidies | 29,966 | 32,715 | 32,211 | 30,850 |
| Liabilities | 42,105 | 56,222 | 74,785 | 82,607 |
| Financial liabilities | 26,545 | 36,988 | 47,991 | 59,126 |
| Long-term liabilities | 30,411 | 39,607 | 50,919 | 62,373 |
| Short-term liabilities | 11,694 | 16,615 | 23,866 | 20,234 |
| Equity and liabilities | 162,903 | 179,934 | 203,886 | 213,540 |
Financial ratios
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | -0% | 0% | 3% | 2% |
| Return on equity (ROE) | -0% | 0% | 7% | 5% |
| Return on capital employed (ROCE) | -2% | -3% | 4% | 2% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.16 | 0.21 | 0.24 | 0.28 |
| Current Ratio | 0.92 | 1.40 | 1.50 | 1.41 |
| Quick ratio | 0.75 | 1.03 | 1.29 | 1.27 |
| Turnover ratios | ||||
| Asset turnover | 0.26 | 0.28 | 0.43 | 0.40 |
| Fixed asset turnover | 0.28 | 0.33 | 0.52 | 0.46 |
| Equity turnover | 0.47 | 0.57 | 0.92 | 0.87 |
| Profitability ratios | ||||
| EBITDA margin | 16% | 14% | 15% | 15% |
| Operating profit margin | -5% | -8% | 7% | 4% |
| Net profit margin | -0% | 0% | 7% | 5% |
| Other ratios | ||||
| Dividends to the Municipality | 0.00 | 0.00 | 2,784.00 | 0.00 |
| Dividends paid / net profit | 0.00 | 0.00 | 0.44 | 0.00 |
Financial statments
Expectations of the municipal
About the company
- Official nameAB „Kauno energija“
- Legal formPublic limited liability company (AB)
- Company code235014830
- SectorHeating networks
- Line of businessHeat networks
- Representing institutionKaunas city municipality
↑ Controlling (holding the largest share) institution
Kaunas district municipality
Jurbarkas district municipality
- Share belonging to the Municipal92.8%
ROE
4.7%
Number of employees
372
Financial data provided as at end-December 2023
Management
- Tomas GarasimavičiusChief Executive Officer
Information as of: 2024/04/30
