Panevėžio energija
AB Panevėžio energija was registered on April 8, 1991. Main activities of the company – production and supply of heating, hot water and electricity, maintenance of internal heating and hot water systems.
Financial results
P/L Statment
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Revenue | 29,483 | 36,982 | 54,657 | 50,201 |
| Cost of goods sold | 25,349 | 33,891 | 51,190 | 45,003 |
| Gross profit (loss) | 4,134 | 3,091 | 3,468 | 5,199 |
| Gross profit margin | 14% | 8% | 6% | 10% |
| Operating expenses | 3,449 | 3,343 | 4,223 | 3,804 |
| Operating profit (loss) | 685 | -252 | -755 | 1,394 |
| Operating profit margin | 2% | -1% | -1% | 3% |
| EBITDA | 5,961 | 5,077 | 6,834 | 6,989 |
| EBITDA margin | 20% | 14% | 13% | 14% |
| Net profit (loss) | 1,763 | 383 | 2,178 | 2,883 |
| Net profit margin | 6% | 1% | 4% | 6% |
Balance sheet
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Non-current assets | 86,889 | 84,530 | 80,730 | 81,021 |
| Intangible assets | 160 | 144 | 129 | 128 |
| Tangible assets | 85,983 | 83,582 | 79,689 | 80,027 |
| Financial assets | 119 | 174 | 194 | 181 |
| Other non-current assets | 628 | 629 | 719 | 684 |
| Current assets | 8,377 | 9,723 | 16,269 | 13,852 |
| Inventories and prepaid expenses | 2,020 | 1,558 | 3,693 | 3,501 |
| Accounts receivable in one year | 6,227 | 7,378 | 11,968 | 7,978 |
| Other current assets | ||||
| Cash and cash equivalents | 131 | 787 | 607 | 2,373 |
| Total assets | 95,331 | 94,297 | 97,048 | 94,993 |
| Equity | 56,484 | 56,345 | 58,402 | 60,633 |
| Grants and subsidies | 30,191 | 28,373 | 27,274 | 25,284 |
| Liabilities | 7,403 | 8,375 | 9,706 | 7,596 |
| Financial liabilities | 0 | 0 | 0 | 0 |
| Long-term liabilities | 4 | 2 | 1 | |
| Short-term liabilities | 7,399 | 8,372 | 9,705 | 7,596 |
| Equity and liabilities | 95,331 | 94,297 | 97,048 | 94,993 |
Financial ratios
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 2% | 0% | 2% | 3% |
| Return on equity (ROE) | 3% | 1% | 4% | 5% |
| Return on capital employed (ROCE) | 1% | -0% | -1% | 2% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.03 | 0.00 | 0.01 | 0.00 |
| Current Ratio | 1.13 | 1.16 | 1.68 | 1.82 |
| Quick ratio | 0.86 | 0.98 | 1.30 | 1.36 |
| Turnover ratios | ||||
| Asset turnover | 0.31 | 0.39 | 0.56 | 0.53 |
| Fixed asset turnover | 0.34 | 0.44 | 0.68 | 0.62 |
| Equity turnover | 0.52 | 0.66 | 0.94 | 0.83 |
| Profitability ratios | ||||
| EBITDA margin | 20% | 14% | 13% | 14% |
| Operating profit margin | 2% | -1% | -1% | 3% |
| Net profit margin | 6% | 1% | 4% | 6% |
| Other ratios | ||||
| Dividends to the Municipality | 512.51 | 119.02 | 652.40 | 332.00 |
| Dividends paid / net profit | 0.29 | 0.31 | 0.30 | 0.12 |
Expectations of the municipal
About the company
- Official nameAB „Panevėžio energija“
- Legal formPublic limited liability company (AB)
- Company code147248313
- SectorHeating networks
- Line of businessHeat networks
- Representing institutionPanevėžys city municipality
↑ Controlling (holding the largest share) institution
Kėdainiai district municipality
Kupiškis district municipality
Panevėžys district municipality
Pasvalys district municipality
Rokiškis district municipality
Zarasai district municipality
- Share belonging to the Municipal59.4%
Return to the Municipality
332 EUR thousand
ROE
4.8%
Number of employees
394
Financial data provided as at end-December 2023
Management
- Petras DiksaChief Executive Officer
Information as of: 2024/06/14
