Visagino energija
UAB Visagino energija was registered in 2002. The company provides a complex of centrally supplied energy resources to Visaginas municipality consumers: heat energy (production and supply of heat, steam and hot water), cold water (production, preparation and supply of drinking cold water) and wastewater treatment services. The company has experience in all areas of energy supply, purchase and sale and is the only company of this type in Lithuania.
Financial results
P/L Statment
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Revenue | 10,788 | 13,838 | 19,061 | 17,076 |
| Cost of goods sold | 9,596 | 11,280 | 15,735 | 15,257 |
| Gross profit (loss) | 1,192 | 2,558 | 3,326 | 1,819 |
| Gross profit margin | 11% | 18% | 17% | 11% |
| Operating expenses | 1,375 | 408 | 1,030 | 1,253 |
| Operating profit (loss) | -781 | 1,613 | 1,662 | -145 |
| Operating profit margin | -7% | 12% | 9% | -1% |
| EBITDA | 2,246 | 3,083 | 5,947 | 1,148 |
| EBITDA margin | 21% | 22% | 31% | 7% |
| Net profit (loss) | 278 | 1,462 | 4,074 | 26 |
| Net profit margin | 3% | 11% | 21% | 0% |
| Revenue |
| Cost of goods sold |
| Gross profit (loss) |
| Gross profit margin |
| Operating expenses |
| Operating profit (loss) |
| Operating profit margin |
| EBITDA |
| EBITDA margin |
| Net profit (loss) |
| Net profit margin |
Balance sheet
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Non-current assets | 29,061 | 27,403 | 27,031 | 30,526 |
| Intangible assets | 3 | 0 | ||
| Tangible assets | 28,653 | 27,075 | 26,705 | 30,186 |
| Financial assets | ||||
| Other non-current assets | 406 | 327 | 326 | 339 |
| Current assets | 8,185 | 11,069 | 16,053 | 10,819 |
| Inventories and prepaid expenses | 3,493 | 3,946 | 5,846 | 4,733 |
| Accounts receivable in one year | 2,249 | 3,559 | 4,306 | 4,780 |
| Other current assets | 1,000 | 2,000 | 1,000 | |
| Cash and cash equivalents | 2,443 | 2,564 | 3,901 | 306 |
| Total assets | 37,253 | 38,486 | 43,099 | 41,373 |
| Equity | 21,647 | 23,109 | 27,183 | 27,209 |
| Grants and subsidies | 12,823 | 12,020 | 11,052 | 10,703 |
| Liabilities | 2,562 | 3,135 | 4,623 | 3,201 |
| Financial liabilities | 675 | 1,080 | 585 | 90 |
| Long-term liabilities | 209 | 598 | 90 | |
| Short-term liabilities | 2,353 | 2,537 | 4,533 | 3,201 |
| Equity and liabilities | 37,253 | 38,486 | 43,099 | 41,373 |
| Non-current assets |
| Intangible assets |
| Tangible assets |
| Financial assets |
| Other non-current assets |
| Current assets |
| Inventories and prepaid expenses |
| Accounts receivable in one year |
| Other current assets |
| Cash and cash equivalents |
| Total assets |
| Equity |
| Grants and subsidies |
| Liabilities |
| Financial liabilities |
| Long-term liabilities |
| Short-term liabilities |
| Equity and liabilities |
Financial ratios
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 1% | 4% | 10% | 0% |
| Return on equity (ROE) | 1% | 7% | 16% | 0% |
| Return on capital employed (ROCE) | -4% | 7% | 6% | -1% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.02 | 0.03 | 0.01 | 0.02 |
| Current Ratio | 3.48 | 4.36 | 3.54 | 3.38 |
| Quick ratio | 1.99 | 2.81 | 2.25 | 1.90 |
| Turnover ratios | ||||
| Asset turnover | 0.29 | 0.36 | 0.44 | 0.41 |
| Fixed asset turnover | 0.37 | 0.50 | 0.71 | 0.56 |
| Equity turnover | 0.50 | 0.60 | 0.70 | 0.63 |
| Profitability ratios | ||||
| EBITDA margin | 21% | 22% | 31% | 7% |
| Operating profit margin | -7% | 12% | 9% | -1% |
| Net profit margin | 3% | 11% | 21% | 0% |
| 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 |
| Capital return ratios |
| Return on assets (ROA) |
| Return on equity (ROE) |
| Return on capital employed (ROCE) |
| Capital structure and liquidity ratios |
| Debt / asset ratio (D/A) |
| Current Ratio |
| Quick ratio |
| Turnover ratios |
| Asset turnover |
| Fixed asset turnover |
| Equity turnover |
| Profitability ratios |
| EBITDA margin |
| Operating profit margin |
| Net profit margin |
| Other ratios |
| Dividends to the State |
| Dividends paid / net profit |
Expectations of the municipal
About the company
- Official nameUAB „Visagino energija“
- Legal formPrivate limited liability company (UAB)
- Company code110087517
- SectorOther
- Line of businessUtilities: water, heating networks
- Representing institutionVisaginas municipality
- Share indirectly belonging to the Municipal0%
ROE
0.1%
Number of employees
185
Financial data provided as at end-December 2023
Management
- Zigmas JurgutavičiusChief Executive Officer
Information as of: 2024/04/30
