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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

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

2019 2020 2021 2022
Revenue 54,649 42,030 50,963 87,992
Cost of goods sold 51,321 40,117 52,201 79,087
Gross profit (loss) 3,328 1,913 -1,238 8,905
Gross profit margin 6% 5% -2% 10%
Operating expenses 1,555 2,877 1,945 2,033
Operating profit (loss) 638 -2,159 -4,245 5,774
Operating profit margin 1% -5% -8% 7%
EBITDA 8,536 6,567 7,197 12,915
EBITDA margin 16% 16% 14% 15%
Net profit (loss) 933 -152 72 6,356
Net profit margin 2% -0% 0% 7%

* Left axis

** Right axis

*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

Balance sheet

2019 2020 2021 2022
Non-current assets 139,789 152,174 156,713 168,155
Intangible assets 72 117 77 98
Tangible assets 138,434 150,382 155,243 166,802
Financial assets 1 409 186 114
Other non-current assets 1,283 1,266 1,207 1,141
Current assets 14,215 10,729 23,221 35,731
Inventories and prepaid expenses 1,582 1,934 6,163 4,856
Accounts receivable in one year 9,294 6,970 13,362 25,325
Other current assets 1,063
Cash and cash equivalents 2,219 1,800 3,696 5,550
Total assets 154,097 162,903 179,934 203,886
Equity 89,825 89,673 89,745 96,101
Grants and subsidies 25,519 29,966 32,715 32,211
Liabilities 32,512 42,105 56,222 74,785
Financial liabilities 23,690 26,545 36,988 47,991
Long-term liabilities 18,917 30,411 39,607 50,919
Short-term liabilities 13,595 11,694 16,615 23,866
Equity and liabilities 154,097 162,903 179,934 203,886

* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) 1% -0% 0% 3%
Return on equity (ROE) 1% -0% 0% 7%
Return on capital employed (ROCE) 1% -2% -3% 4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.15 0.16 0.21 0.24
Current Ratio 1.05 0.92 1.40 1.50
Quick ratio 0.93 0.75 1.03 1.29
Turnover ratios
Asset turnover 0.35 0.26 0.28 0.43
Fixed asset turnover 0.39 0.28 0.33 0.52
Equity turnover 0.61 0.47 0.57 0.92
Profitability ratios
EBITDA margin 16% 16% 14% 15%
Operating profit margin 1% -5% -8% 7%
Net profit margin 2% -0% 0% 7%
Other ratios
Dividends to the Municipality 0.00 0.00 0.00 2,784.00
Dividends paid / net profit 0.00 0.00 0.00 0.44

* Left axis

** Right axis

*** Dividends to the municipality in Financial Ratios table is in EUR thousand

Financial statments

2021 m. metinės ataskaitos
2020 m. metinės ataskaitos

Expectations of the municipal

Letter of Expectations

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%
https://kaunoenergija.lt/
Return to the Municipality

2.8 EUR milion

ROE

6.8%

Number of employees

383

Financial data provided as at end-December 2022

Management

  • Tomas GarasimavičiusChief Executive Officer

Information as of: 2023/04/30