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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Vilniaus vandenys was registered on March 27, 1991. The company’s main activity is water supply and wastewater treatment. UAB Vilniaus vandenys is the largest water supply company in Lithuania. It operates water supply and wastewater management assets not only in Vilnius City, but also in Šalčininkai, Švenčionys and Vilnius districts.

Financial results

P/L Statment

2020 2021 2022 2023
Revenue 36,984 38,779 40,994 58,618
Cost of goods sold 24,677 26,031 32,617 32,725
Gross profit (loss) 12,307 12,749 8,377 25,894
Gross profit margin 33% 33% 20% 44%
Operating expenses 10,558 8,683 10,848 11,227
Operating profit (loss) -2,308 -381 -7,203 9,405
Operating profit margin -6% -1% -18% 16%
EBITDA 5,347 12,057 1,928 20,489
EBITDA margin 14% 31% 5% 35%
Net profit (loss) -1,992 3,120 -6,002 10,169
Net profit margin -5% 8% -15% 17%

Balance sheet

2020 2021 2022 2023
Non-current assets 142,923 157,264 192,456 220,805
Intangible assets 758 1,243 1,322 2,462
Tangible assets 142,165 156,021 190,372 216,393
Financial assets 254 181
Other non-current assets 508 1,768
Current assets 12,741 14,906 17,643 31,815
Inventories and prepaid expenses 301 290 446 538
Accounts receivable in one year 6,373 6,963 4,886 6,573
Other current assets
Cash and cash equivalents 6,043 7,348 12,295 24,695
Total assets 156,663 173,303 211,203 254,048
Equity 129,608 133,218 139,925 159,761
Grants and subsidies 44 174 161
Liabilities 25,919 35,322 70,658 93,700
Financial liabilities 10,378 18,046 40,382 74,080
Long-term liabilities 10,582 18,625 39,815 72,377
Short-term liabilities 15,337 16,697 30,843 21,323
Equity and liabilities 156,663 173,303 211,203 254,048

Financial ratios

2020 2021 2022 2023
Capital return ratios
Return on assets (ROA) -1% 2% -3% 4%
Return on equity (ROE) -2% 2% -4% 7%
Return on capital employed (ROCE) -2% -0% -4% 4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.07 0.10 0.19 0.29
Current Ratio 0.83 0.89 0.57 1.49
Quick ratio 0.81 0.88 0.56 1.47
Turnover ratios
Asset turnover 0.24 0.22 0.19 0.23
Fixed asset turnover 0.26 0.25 0.21 0.27
Equity turnover 0.29 0.29 0.29 0.37
Profitability ratios
EBITDA margin 14% 31% 5% 35%
Operating profit margin -6% -1% -18% 16%
Net profit margin -5% 8% -15% 17%
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 „Vilniaus vandenys“
  • Legal formPrivate limited liability company (UAB)
  • Company code120545849
  • SectorWater utilities
  • Line of businessUtilities: water
  • Representing institutionVilnius city municipality
    Controlling (holding the largest share) institution

    Šalčininkai district municipality
    Švenčionys district municipality
    Vilnius district municipality
  • Share belonging to the Municipal88.97%
  • Contacts https://vv.lt/lt/
ROE

6.8%

Number of employees

610

Financial data provided as at end-December 2023

Management

  • Saulius SavickasChief Executive Officer

Information as of: 2024/04/30