Šiaulių energija
AB Šiaulių energija was registered on August 15, 1998. Main activities of the company – production and supply of heat, electricity and hot water. Company provides services mainly in Šiauliai district.
Financial results
P/L Statment
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Revenue | 20,867 | 27,411 | 40,327 | 38,727 |
| Cost of goods sold | 18,330 | 25,237 | 34,448 | 32,609 |
| Gross profit (loss) | 2,536 | 2,174 | 5,879 | 6,119 |
| Gross profit margin | 12% | 8% | 15% | 16% |
| Operating expenses | 869 | 913 | 1,187 | 1,625 |
| Operating profit (loss) | 1,667 | 1,261 | 4,691 | 4,493 |
| Operating profit margin | 8% | 5% | 12% | 12% |
| EBITDA | 5,323 | 4,886 | 8,431 | 8,388 |
| EBITDA margin | 26% | 18% | 21% | 22% |
| Net profit (loss) | 1,660 | 1,349 | 5,345 | 3,146 |
| Net profit margin | 8% | 5% | 13% | 8% |
Balance sheet
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Non-current assets | 59,956 | 61,909 | 60,800 | 61,558 |
| Intangible assets | 30 | 57 | 32 | 10 |
| Tangible assets | 59,927 | 61,852 | 60,768 | 61,548 |
| Financial assets | ||||
| Other non-current assets | ||||
| Current assets | 7,672 | 10,235 | 13,879 | 10,635 |
| Inventories and prepaid expenses | 2,090 | 2,803 | 2,362 | 2,561 |
| Accounts receivable in one year | 3,851 | 6,469 | 9,194 | 6,728 |
| Other current assets | 148 | |||
| Cash and cash equivalents | 1,730 | 963 | 2,323 | 1,198 |
| Total assets | 67,822 | 72,290 | 74,928 | 72,462 |
| Equity | 41,491 | 42,764 | 48,005 | 50,651 |
| Grants and subsidies | 18,187 | 18,683 | 18,149 | 17,187 |
| Liabilities | 8,016 | 10,726 | 8,607 | 4,376 |
| Financial liabilities | 5,926 | 4,981 | 2,947 | 432 |
| Long-term liabilities | 4,612 | 2,762 | 864 | |
| Short-term liabilities | 3,404 | 7,965 | 7,743 | 4,376 |
| Equity and liabilities | 67,822 | 72,290 | 74,928 | 72,462 |
Financial ratios
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 2% | 2% | 7% | 4% |
| Return on equity (ROE) | 4% | 3% | 12% | 6% |
| Return on capital employed (ROCE) | 4% | 3% | 10% | 9% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.09 | 0.10 | 0.04 | 0.01 |
| Current Ratio | 2.25 | 1.29 | 1.79 | 2.43 |
| Quick ratio | 1.64 | 0.93 | 1.49 | 1.85 |
| Turnover ratios | ||||
| Asset turnover | 0.31 | 0.38 | 0.54 | 0.53 |
| Fixed asset turnover | 0.35 | 0.44 | 0.66 | 0.63 |
| Equity turnover | 0.50 | 0.64 | 0.84 | 0.76 |
| Profitability ratios | ||||
| EBITDA margin | 26% | 18% | 21% | 22% |
| Operating profit margin | 8% | 5% | 12% | 12% |
| Net profit margin | 8% | 5% | 13% | 8% |
| Other ratios | ||||
| Dividends to the Municipality | 74.92 | 104.89 | 476.50 | 300.19 |
| Dividends paid / net profit | 0.05 | 0.08 | 0.09 | 0.10 |
Financial statments
Expectations of the municipal
About the company
- Official nameAB „Šiaulių energija“
- Legal formPublic limited liability company (AB)
- Company code245358580
- SectorHeating networks
- Line of businessHeat networks
- Representing institutionŠiauliai city municipality
↑ Controlling (holding the largest share) institution
Šiauliai district municipality
- Share belonging to the Municipal95.3%
Return to the Municipality
300 EUR thousand
ROE
6.4%
Number of employees
224
Financial data provided as at end-December 2023
Management
- Audronė ČepulienėChief Executive Officer
Information as of: 2024/04/30
