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Valdymo koordinavimo centras Governance Coordination Centre

Indirectly Owned State Enterprises

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

2018 2019 2020 2021
Revenue 463,048 418,850 484,841 535,306
Cost of goods sold 282,498 194,476 255,655
Gross profit (loss) 180,550 418,850 290,365 279,651
Gross profit margin 39% 100% 60% 52%
Operating expenses 201,452 374,613 200,374 209,746
Operating profit (loss) -20,902 44,237 89,991 69,905
Operating profit margin -5% 11% 19% 13%
EBITDA 55,878 126,150 172,846 155,811
EBITDA margin 12% 30% 36% 29%
Net profit (loss) 5,265 34,313 69,482 50,031
Net profit margin 1% 8% 14% 9%
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

2018 2019 2020 2021
Non-current assets 1,509,521 1,631,817 1,673,403 1,711,367
Intangible assets 35,751 44,819 42,967 46,446
Tangible assets 1,471,101 1,583,952 1,610,169 1,649,739
Financial assets 3,043 200 255
Other non-current assets 2,669 3 20,067 14,927
Biological assets
Current assets 124,690 73,872 89,281 107,502
Inventories and prepaid expenses 1,992 1,892 2,628 2,884
Accounts receivable in one year 117,653 67,205 74,896 86,748
Other current assets 2,779 2,787 3,345
Cash and cash equivalents 2,266 4,775 8,965 14,524
Total assets 1,634,214 1,706,606 1,763,523 1,819,455
Equity 629,634 663,917 665,616 627,657
Minority share of capital
Grants and subsidies 13,052 15,156 21,318 27,168
Liabilities 940,381 776,070 826,535 897,288
Financial liabilities 631,464 498,534 845,302 672,013
Long-term liabilities 652,424 492,183 686,041 674,492
Short-term liabilities 259,975 248,648 108,143 194,115
Equity and liabilities 1,634,214 1,706,606 1,763,523 1,819,455
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

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 0% 2% 4% 3%
Return on equity (ROE) 1% 5% 10% 8%
Return on capital employed (ROCE) -0% 6% 11% 9%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 1.00 0.75 1.27 1.07
Current Ratio 0.48 0.30 0.83 0.55
Quick ratio 0.47 0.29 0.80 0.54
Turnover ratios
Asset turnover 0.32 0.25 0.28 0.30
Fixed asset turnover 0.34 0.27 0.29 0.32
Equity turnover 0.75 0.65 0.73 0.83
Profitability ratios
EBITDA margin 12% 30% 36% 29%
Operating profit margin -5% 11% 19% 13%
Net profit margin 1% 8% 14% 9%
Other ratios
Dividends to the State 12,231.92 66,400.01 54,169.07 50,010.00
Dividends paid / net profit 2.32 1.94 0.78 1.00
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

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%
https://www.eso.lt/
Return to the State

50.0 EUR milion

ROE

7.7%

Number of employees

2,474

Financial data provided as at end-December 2021

Management

  • Renaldas RadvilaDirector General

Information as of: 2023/03/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Nerijus DatkūnasIndependent member
  • Salary

MEMBERS OF THE BOARD OF DIRECTORS

  • Darius MaikštėnasAB Ignitis grupė
  • Eligijus KajietaMB Atlygio konsultacijos; Independent member
  • Jonas SkardinskasNational Cyber Security Centre
  • Dalia JakutavičėLithuanian Industry Trade Union Federation
  • Živilė SkibarkienėAB Ignitis grupė

Information as of: 2023/03/01