Energijos skirstymo operatorius
AB Energijos skirstymo operatoraius (ESO) distributes electricity and gas, maintains distribution networks, deploys smart solutions to make them reliable and efficient, troubleshoots network faults and connects new customers. By managing infrastructure efficiently, ESO aims to enable competition in the energy market.
ESO serves 1.8 million customers across Lithuania. The company takes care of more than 128,000 km of overhead electricity lines and cables, and operates more than 9,600 km of gas distribution pipelines.
Financial results
P/L Statment
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Revenue | 418,850 | 484,841 | 535,306 | 683,652 |
| Cost of goods sold | 194,476 | 255,655 | 398,651 | |
| Gross profit (loss) | 418,850 | 290,365 | 279,651 | 285,001 |
| Gross profit margin | 100% | 60% | 52% | 42% |
| Operating expenses | 374,613 | 200,374 | 209,746 | 239,082 |
| Operating profit (loss) | 44,237 | 89,991 | 69,905 | 45,919 |
| Operating profit margin | 11% | 19% | 13% | 7% |
| EBITDA | 126,150 | 172,846 | 155,811 | 154,336 |
| EBITDA margin | 30% | 36% | 29% | 23% |
| Net profit (loss) | 34,313 | 69,482 | 50,031 | 46,423 |
| Net profit margin | 8% | 14% | 9% | 7% |
| 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
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Non-current assets | 1,631,817 | 1,673,403 | 1,711,367 | 1,863,516 |
| Intangible assets | 44,819 | 42,967 | 46,446 | 43,528 |
| Tangible assets | 1,583,952 | 1,610,169 | 1,649,739 | 1,804,050 |
| Financial assets | 3,043 | 200 | 255 | 3,719 |
| Other non-current assets | 3 | 20,067 | 14,927 | 12,219 |
| Biological assets | ||||
| Current assets | 73,872 | 89,281 | 107,502 | 182,068 |
| Inventories and prepaid expenses | 1,892 | 2,628 | 2,884 | 4,891 |
| Accounts receivable in one year | 67,205 | 74,896 | 86,748 | 83,695 |
| Other current assets | 2,787 | 3,345 | 8,857 | |
| Cash and cash equivalents | 4,775 | 8,965 | 14,524 | 84,625 |
| Total assets | 1,706,606 | 1,763,523 | 1,819,455 | 2,046,865 |
| Equity | 663,917 | 665,616 | 627,657 | 607,469 |
| Minority share of capital | ||||
| Grants and subsidies | 15,156 | 21,318 | 27,168 | 39,890 |
| Liabilities | 776,070 | 826,535 | 897,288 | 1,085,214 |
| Financial liabilities | 498,534 | 689,666 | 832,732 | 856,806 |
| Long-term liabilities | 492,183 | 686,041 | 674,492 | 858,724 |
| Short-term liabilities | 248,648 | 108,143 | 194,115 | 212,618 |
| Equity and liabilities | 1,706,606 | 1,763,523 | 1,819,455 | 2,046,865 |
| 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
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 2% | 4% | 3% | 2% |
| Return on equity (ROE) | 6% | 10% | 8% | 8% |
| Return on capital employed (ROCE) | 6% | 11% | 9% | 7% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.75 | 1.04 | 1.33 | 1.41 |
| Current Ratio | 0.30 | 0.83 | 0.55 | 0.86 |
| Quick ratio | 0.29 | 0.80 | 0.54 | 0.83 |
| Turnover ratios | ||||
| Asset turnover | 0.49 | 0.28 | 0.30 | 0.35 |
| Fixed asset turnover | 0.51 | 0.29 | 0.32 | 0.38 |
| Equity turnover | 1.26 | 0.73 | 0.83 | 1.11 |
| Profitability ratios | ||||
| EBITDA margin | 30% | 36% | 29% | 23% |
| Operating profit margin | 11% | 19% | 13% | 7% |
| Net profit margin | 8% | 14% | 9% | 7% |
| Other ratios | ||||
| Dividends to the State | 66,400.01 | 54,169.07 | 50,010.00 | 28,986.00 |
| Dividends paid / net profit | 1.94 | 0.78 | 1.00 | 0.62 |
| 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 |
About the company
- Official nameAB „Energijos skirstymo operatorius“
- Legal formPublic limited liability company (AB)
- Company code304151376
- SectorEnergy
- Line of businessElectricity supply and distribution and natural gas distribution
- Accountability„Ignitis grupė“ group of companies
- Share indirectly belonging to the State100%
Return to the State
29.0 EUR milion
ROE
7.5%
Number of employees
2,563
Financial data provided as at end-December 2022
Management
- Renaldas RadvilaChief Executive Officer
Information as of: 2024/04/02
Board of Directors
CHAIRMAN OF THE BOARD OF DIRECTORS
- Nerijus DatkūnasIndependent member; AB Kelių priežiūra; UAB LVG holding; ICF LITHUANIA; MB Metakomanda; Independent member; MB Leading LT
- Salary
MEMBERS OF THE BOARD OF DIRECTORS
- Darius MaikštėnasAB Ignitis grupė
- Eligijus KajietaIndependent member; MB Atlygio konsultacijos; AB Klaipėdos valstybinio jūrų uosto direkcija
- Jonas SkardinskasNational Cyber Security Centre
- Dalia JakutavičėLithuanian Industry Trade Union Federation
- Živilė SkibarkienėAB Ignitis grupė; UAB Ignitis grupės paslaugų centras
Information as of: 2024/04/02
