Šilutės šilumos tinklai
UAB Šilutės šilumos tinklai was registered on August 10, 1994. Main activities of the company – centralized supply of heating and hot water to consumers. Other services – maintenance of hot water and heat meters, maintenance of internal heating and hot water systems, hydraulic tests and flushing of heating pipelines with cogeneration water.
Financial results
P/L Statment
| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Revenue | 3,755 | 5,339 | 5,557 | 5,215 |
| Cost of goods sold | 3,362 | 5,227 | 4,662 | 4,540 |
| Gross profit (loss) | 393 | 112 | 894 | 675 |
| Gross profit margin | 10% | 2% | 16% | 13% |
| Operating expenses | 325 | 361 | 437 | 459 |
| Operating profit (loss) | 12 | -316 | 383 | 143 |
| Operating profit margin | 0% | -6% | 7% | 3% |
| EBITDA | 560 | 901 | 1,315 | 817 |
| EBITDA margin | 15% | 17% | 24% | 16% |
| Net profit (loss) | -61 | 16 | 508 | 34 |
| Net profit margin | -2% | 0% | 9% | 1% |
Balance sheet
| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Non-current assets | 9,216 | 8,732 | 8,441 | 8,393 |
| Intangible assets | 0 | 10 | 15 | 24 |
| Tangible assets | 9,030 | 8,703 | 8,404 | 8,346 |
| Financial assets | 6 | 6 | 6 | 6 |
| Other non-current assets | 180 | 14 | 16 | 17 |
| Current assets | 1,210 | 2,021 | 1,437 | 1,276 |
| Inventories and prepaid expenses | 318 | 523 | 366 | 353 |
| Accounts receivable in one year | 841 | 1,399 | 939 | 792 |
| Other current assets | ||||
| Cash and cash equivalents | 51 | 99 | 132 | 132 |
| Total assets | 10,434 | 10,761 | 9,886 | 9,678 |
| Equity | 4,071 | 4,087 | 4,595 | 4,629 |
| Grants and subsidies | 3,519 | 3,296 | 3,072 | 3,077 |
| Liabilities | 2,835 | 3,369 | 2,209 | 1,963 |
| Financial liabilities | 1,991 | 1,818 | 1,484 | 732 |
| Long-term liabilities | 1,657 | 1,484 | 1,311 | 559 |
| Short-term liabilities | 1,178 | 1,885 | 898 | 1,404 |
| Equity and liabilities | 10,434 | 10,761 | 9,886 | 9,678 |
Financial ratios
| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | -1% | 0% | 5% | 0% |
| Return on equity (ROE) | -1% | 0% | 12% | 1% |
| Return on capital employed (ROCE) | 0% | -6% | 6% | 3% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.19 | 0.17 | 0.15 | 0.08 |
| Current Ratio | 1.03 | 1.07 | 1.60 | 0.91 |
| Quick ratio | 0.76 | 0.79 | 1.19 | 0.66 |
| Turnover ratios | ||||
| Asset turnover | 0.36 | 0.50 | 0.56 | 0.54 |
| Fixed asset turnover | 0.41 | 0.61 | 0.66 | 0.62 |
| Equity turnover | 0.92 | 1.31 | 1.21 | 1.13 |
| Profitability ratios | ||||
| EBITDA margin | 15% | 17% | 24% | 16% |
| Operating profit margin | 0% | -6% | 7% | 3% |
| Net profit margin | -2% | 0% | 9% | 1% |
| Other ratios | ||||
| Dividends to the Municipality | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividends paid / net profit | 0.00 | 0.00 | 0.00 | 0.00 |
Expectations of the municipal
About the company
- Official nameUAB „Šilutės šilumos tinklai“
- Legal formPrivate limited liability company (UAB)
- Company code177217875
- SectorHeating networks
- Line of businessHeat networks
- Representing institutionŠilutė district municipality
- Share indirectly belonging to the Municipal0%
- Contacts https://silutesst.lt/
ROE
0.7%
Number of employees
68
Financial data provided as at end-December 2024
Management
- Vaidotas MačiulisChief Executive Officer
Information as of: 2025/06/01
