Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

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