Klaipėdos energija
AB “Klaipėdos energija” was founded in 1991. The major activitiy of the company is the production, distribution and supply of thermal water energy, heating supply and maintenance of heating systems.
Financial results
P/L Statment
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Revenue | 28,354 | 37,644 | 51,987 | 51,589 |
| Cost of goods sold | 25,668 | 35,531 | 49,862 | 46,380 |
| Gross profit (loss) | 2,686 | 2,113 | 2,125 | 5,208 |
| Gross profit margin | 9% | 6% | 4% | 10% |
| Operating expenses | 2,780 | 2,925 | 3,205 | 3,683 |
| Operating profit (loss) | -951 | -1,793 | -2,112 | 482 |
| Operating profit margin | -3% | -5% | -4% | 1% |
| EBITDA | 5,459 | 2,716 | 3,452 | 6,910 |
| EBITDA margin | 19% | 7% | 7% | 13% |
| Net profit (loss) | 1,923 | -883 | 12 | 3,756 |
| Net profit margin | 7% | -2% | 0% | 7% |
Balance sheet
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Non-current assets | 67,628 | 68,021 | 72,164 | 72,944 |
| Intangible assets | 134 | 287 | 334 | 359 |
| Tangible assets | 64,918 | 65,345 | 69,479 | 70,201 |
| Financial assets | 2,345 | 2,183 | 2,183 | 2,183 |
| Other non-current assets | 231 | 206 | 169 | 201 |
| Current assets | 12,116 | 13,316 | 18,708 | 14,978 |
| Inventories and prepaid expenses | 3,584 | 2,588 | 2,892 | 1,876 |
| Accounts receivable in one year | 7,269 | 10,262 | 14,167 | 11,571 |
| Other current assets | ||||
| Cash and cash equivalents | 1,263 | 467 | 1,649 | 1,531 |
| Total assets | 79,785 | 81,367 | 90,922 | 87,965 |
| Equity | 49,185 | 47,166 | 47,179 | 50,822 |
| Grants and subsidies | 16,100 | 15,501 | 14,848 | 14,845 |
| Liabilities | 14,373 | 18,566 | 28,749 | 22,142 |
| Financial liabilities | 5,733 | 11,355 | 16,216 | 11,863 |
| Long-term liabilities | 5,733 | 4,015 | 6,276 | 6,258 |
| Short-term liabilities | 8,640 | 14,550 | 22,473 | 15,884 |
| Equity and liabilities | 79,785 | 81,367 | 90,922 | 87,965 |
Financial ratios
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 2% | -1% | 0% | 4% |
| Return on equity (ROE) | 4% | -2% | 0% | 8% |
| Return on capital employed (ROCE) | -2% | -4% | -4% | 1% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.12 | 0.14 | 0.18 | 0.13 |
| Current Ratio | 1.40 | 0.92 | 0.83 | 0.94 |
| Quick ratio | 0.99 | 0.74 | 0.70 | 0.82 |
| Turnover ratios | ||||
| Asset turnover | 0.36 | 0.46 | 0.57 | 0.59 |
| Fixed asset turnover | 0.42 | 0.55 | 0.72 | 0.71 |
| Equity turnover | 0.58 | 0.80 | 1.10 | 1.02 |
| Profitability ratios | ||||
| EBITDA margin | 19% | 7% | 7% | 13% |
| Operating profit margin | -3% | -5% | -4% | 1% |
| Net profit margin | 7% | -2% | 0% | 7% |
| Other ratios | ||||
| Dividends to the Municipality | 857.45 | 0.00 | 85.33 | 1,416.95 |
| Dividends paid / net profit | 0.45 | 0.00 | 6.88 | 0.38 |
Financial statments
Expectations of the municipal
About the company
- Official nameAB „Klaipėdos energija“
- Legal formPublic limited liability company (AB)
- Company code140249252
- SectorHeating networks
- Line of businessHeat networks
- Representing institutionKlaipėda city municipality
- Share belonging to the Municipal75.45%
Return to the Municipality
1.4 EUR milion
ROE
7.7%
Number of employees
271
Financial data provided as at end-December 2023
Management
- Rolandas BaltuonisChief Executive Officer
Information as of: 2024/04/30
