Klaipėdos vanduo
AB “Klaipedos vanduo” was registered on April 12, 1995. The main activity is the provision of drinking water supply and wastewater treatment services to Klaipeda city and district residents and companies.
Financial results
P/L Statment
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Revenue | 17,517 | 17,615 | 19,477 | 26,348 |
| Cost of goods sold | 13,457 | 14,043 | 17,547 | 17,421 |
| Gross profit (loss) | 4,060 | 3,572 | 1,930 | 8,927 |
| Gross profit margin | 23% | 20% | 10% | 34% |
| Operating expenses | 1,621 | 1,549 | 2,759 | 3,450 |
| Operating profit (loss) | 1,182 | 840 | -1,647 | 4,568 |
| Operating profit margin | 7% | 5% | -8% | 17% |
| EBITDA | 6,222 | 6,017 | 4,043 | 10,433 |
| EBITDA margin | 36% | 34% | 21% | 40% |
| Net profit (loss) | 1,509 | 1,160 | -960 | 5,219 |
| Net profit margin | 9% | 7% | -5% | 20% |
Balance sheet
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Non-current assets | 144,127 | 141,030 | 153,042 | 157,427 |
| Intangible assets | 620 | 711 | 696 | 802 |
| Tangible assets | 142,680 | 139,599 | 151,601 | 155,561 |
| Financial assets | 0 | 0 | 48 | 48 |
| Other non-current assets | 826 | 721 | 698 | 1,016 |
| Current assets | 4,137 | 5,987 | 4,192 | 6,828 |
| Inventories and prepaid expenses | 228 | 201 | 312 | 386 |
| Accounts receivable in one year | 2,052 | 2,200 | 2,510 | 3,314 |
| Other current assets | ||||
| Cash and cash equivalents | 1,857 | 3,585 | 1,370 | 3,128 |
| Total assets | 148,319 | 147,070 | 157,396 | 164,326 |
| Equity | 68,338 | 69,255 | 79,925 | 86,752 |
| Grants and subsidies | 68,066 | 66,340 | 64,299 | 62,656 |
| Liabilities | 8,888 | 8,450 | 10,426 | 12,387 |
| Financial liabilities | 5,505 | 4,627 | 6,749 | 7,746 |
| Long-term liabilities | 4,910 | 3,959 | 5,271 | 6,507 |
| Short-term liabilities | 3,978 | 4,491 | 5,155 | 5,881 |
| Equity and liabilities | 148,319 | 147,070 | 157,396 | 164,326 |
Financial ratios
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 1% | 1% | -1% | 3% |
| Return on equity (ROE) | 2% | 2% | -1% | 6% |
| Return on capital employed (ROCE) | 2% | 1% | -2% | 5% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.04 | 0.03 | 0.04 | 0.05 |
| Current Ratio | 1.04 | 1.33 | 0.81 | 1.16 |
| Quick ratio | 0.98 | 1.29 | 0.75 | 1.10 |
| Turnover ratios | ||||
| Asset turnover | 0.12 | 0.12 | 0.12 | 0.16 |
| Fixed asset turnover | 0.12 | 0.12 | 0.13 | 0.17 |
| Equity turnover | 0.26 | 0.25 | 0.24 | 0.30 |
| Profitability ratios | ||||
| EBITDA margin | 36% | 34% | 21% | 40% |
| Operating profit margin | 7% | 5% | -8% | 17% |
| Net profit margin | 9% | 7% | -5% | 20% |
| Other ratios | ||||
| Dividends to the Municipality | 243.90 | 290.00 | 0.00 | 0.00 |
| Dividends paid / net profit | 0.16 | 0.25 | 0.00 | 0.00 |
Expectations of the municipal
About the company
- Official nameAB „Klaipėdos vanduo“
- Legal formPublic limited liability company (AB)
- Company code140089260
- SectorWater utilities
- Line of businessUtilities: water
- Representing institutionKlaipėda city municipality
↑ Controlling (holding the largest share) institution
Klaipėda district municipality
Neringa municipality
- Share belonging to the Municipal86.41%
ROE
6.3%
Number of employees
345
Financial data provided as at end-December 2023
Management
- Benitas JonikasChief Executive Officer
Information as of: 2024/04/30
