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Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

AB GIRAITĖS GINKLUOTĖS GAMYKLA (GGG) is a manufacturer of military and civilian ammunition. The company has advanced technologies, manufacturing facilities and a quality management system. GGG participates in tenders issued by the NATO Support and Procurement Agency (NSPA). 95% of the company’s production is exported to more than 30 countries.

          2022/23 GOOD CORPORATE GOVERNANCE INDEX

           

          2021/22 GOOD CORPORATE GOVERNANCE INDEX       

Sk – Transparency dimension
KO – Board dimension
SP – Strategic planning and target achievement dimension
GI – Good governance ratio

Financial results

P/L Statment

2020 2021 2022 2023
Revenue 9,184 10,364 15,241 22,458
Cost of goods sold 7,104 7,554 10,925 16,288
Gross profit (loss) 2,080 2,811 4,317 6,170
Gross profit margin 23% 27% 28% 27%
Operating expenses 873 1,252 1,658 1,788
Operating profit (loss) 1,125 1,487 2,580 4,288
Operating profit margin 12% 14% 17% 19%
EBITDA 1,526 1,807 3,438 5,200
EBITDA margin 17% 17% 23% 23%
Net profit (loss) 533 1,015 2,339 3,396
Net profit margin 6% 10% 15% 15%
2020-06 2021-06 2022-06 2023-06
Revenue 4,115 5,475 9,033 11,789
Cost of goods sold 3,231 3,967 6,200 8,249
Gross profit (loss) 884 1,508 2,833 3,540
Gross profit margin 21% 28% 31% 30%
Operating expenses 436 554 666 767
Operating profit (loss) 393 928 2,112 2,715
Operating profit margin 10% 17% 23% 23%
EBITDA 586 1,090 2,538 3,187
EBITDA margin 14% 20% 28% 27%
Net profit (loss) 257 730 1,747 2,241
Net profit margin 6% 13% 19% 19%

* Left axis

** Right axis

*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

Balance sheet

2020 2021 2022 2023
Non-current assets 12,518 12,987 14,011 13,292
Intangible assets 3 7 4 1
Tangible assets 12,515 12,980 14,007 13,290
Financial assets
Other non-current assets
Current assets 7,300 7,264 9,216 13,123
Inventories and prepaid expenses 3,921 5,516 8,746 10,868
Accounts receivable in one year 94 55 111 52
Other current assets
Cash and cash equivalents 3,285 1,692 360 2,203
Total assets 19,833 20,271 23,251 26,446
Equity 8,988 9,947 12,183 14,527
Grants and subsidies
Liabilities 10,845 10,298 11,059 11,917
Financial liabilities 10,260 9,454 8,649 8,145
Long-term liabilities 9,386 8,586 8,086 7,586
Short-term liabilities 1,459 1,712 2,973 4,331
Equity and liabilities 19,833 20,271 23,251 26,446
2020-06 2021-06 2022-06 2023-06
Non-current assets 12,642 12,456 12,884 13,662
Intangible assets 3 7 5 3
Tangible assets 12,638 12,449 12,879 13,659
Financial assets 0 0 0 0
Other non-current assets 0 0 0 0
Current assets 7,164 8,337 8,916 10,555
Inventories and prepaid expenses 4,507 4,006 5,329 8,753
Accounts receivable in one year 90 181 30 1,069
Other current assets 0 0 0 0
Cash and cash equivalents 2,567 4,150 3,557 733
Total assets 19,833 20,805 21,827 24,231
Equity 8,812 9,791 11,591 13,372
Grants and subsidies 0 0 0
Liabilities 11,021 11,014 10,234 10,859
Financial liabilities 10,286 9,786 8,586 8,086
Long-term liabilities 9,936 9,386 8,586 8,086
Short-term liabilities 1,085 1,628 1,648 2,773
Equity and liabilities 19,833 20,805 21,827 24,231

* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

Financial ratios

2020 2021 2022 2023
Capital return ratios
Return on assets (ROA) 3% 5% 11% 14%
Return on equity (ROE) 6% 11% 21% 25%
Return on capital employed (ROCE) 6% 8% 13% 19%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.52 0.47 0.37 0.31
Current Ratio 5.00 4.24 3.10 3.03
Quick ratio 2.32 1.02 0.16 0.52
Turnover ratios
Asset turnover 0.46 0.51 0.66 0.85
Fixed asset turnover 0.73 0.80 1.09 1.69
Equity turnover 1.02 1.04 1.25 1.55
Profitability ratios
EBITDA margin 17% 17% 23% 23%
Operating profit margin 12% 14% 17% 19%
Net profit margin 6% 10% 15% 15%
Other ratios
Dividends to the State 55.50 103.70 1,052.20 516.60
Dividends paid / net profit 0.10 0.10 0.45 0.15

* Left axis

** Right axis

*** Dividends to the state in Financial Ratios table is in EUR thousand

2020-06 2021-06 2022-06 2023-06
Capital return ratios
Return on assets (ROA) 1% 5% 10% 12%
Return on equity (ROE) 3% 11% 19% 23%
Return on capital employed (ROCE) 2% 5% 10% 13%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.52 0.47 0.39 0.33
Current Ratio 6.60 5.12 5.41 3.81
Quick ratio 2.45 2.66 2.18 0.65
Turnover ratios
Asset turnover 0.21 0.26 0.41 0.49
Fixed asset turnover 0.33 0.44 0.70 0.86
Equity turnover 0.47 0.56 0.78 0.88
Profitability ratios
EBITDA margin 14% 20% 28% 27%
Operating profit margin 10% 17% 23% 23%
Net profit margin 6% 13% 19% 19%
Other ratios
Dividends to the State
Dividends paid / net profit

Financial statments

2022 m. 6 mėn. tarpinės ataskaitos 2022 m. metinės ataskaitos
2021 m. 6 mėn. tarpinės ataskaitos 2021 m. metinės ataskaitos
2020 m. 6 mėn. tarpinės ataskaitos 2020 m. metinės ataskaitos
2019 m. metinės ataskaitos 2019 m. 6 mėn. tarpinės ataskaitos
2018 n. metinės ataskaitos 2018 m. 6 mėn. tarpinės ataskaitos
2017 m. 6 mėn. tarpinės ataskaitos 2017 m. metinės ataskaitos
2016 m. metinės ataskaitos 2016 m. 6 mėn. tarpinės ataskaitos 2016 m. 3 mėn. tarpinės ataskaitos
2015 m. 12 mėn. tarpinės ataskaitos 2015 m. 9 mėn. tarpinės ataskaitos 2015 m. 6 mėn. tarpinės ataskaitos 2015 m. 3 mėn. tarpinės ataskaitos
2014 m. metinės ataskaitos 2014 m. 12 mėn. tarpinės ataskaitos 2014 m. 3 mėn. tarpinės ataskaitos 2014 m. 6 mėn. tarpinės ataskaitos 2014 m. 9 mėn. tarpinės ataskaitos
2012 m. metinės ataskaitos 2012 m. 3 mėn. tarpinės ataskaitos 2012 m. 9 mėn. tarpinės ataskaitos
2013 m. 3 mėn. tarpinės ataskaitos 2013 m. 6 mėn. tarpinės ataskaitos 2013 m. metinės ataskaitos 2013 m. 12 mėn. tarpinės ataskaitos 2013 m. 9 mėn. tarpinės ataskaitos
2011 m. 6 mėn. tarpinės ataskaitos 2011 m. metinės ataskaitos
2010 m. metinės ataskaitos

About the company

  • Official nameAB Giraitės ginkluotės gamykla
  • Legal formPublic limited liability company (AB)
  • Company code110080729
  • SectorOther
  • Line of businessProduction of ammo
  • Institution representing the StateMinistry of Finance
  • Share belonging to the State100%
http://www.ggg-ammo.lt/
Return to the State

517 EUR thousand

ROE

25.4%

Number of employees

119

Financial data provided as at end-December 2023

Management

  • Aleksandras NikonovasChief Executive Officer

Information as of: 2024/06/03

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Dangirutis JanušasIndependent member; UAB Verslo konsultacijų spektras; VĮ Registrų centras; VĮ Žemės ūkio duomenų centras

MEMBERS OF THE BOARD OF DIRECTORS

  • Aldas BeginskasMinistry of Finance
  • Eimundas MačiulisIndependent member; UAB Amber infra
  • Remigijus ŠtarasIndependent member
  • Laima KalinauskienėMinistry of Finance

Information as of: 2024/06/03

VMU
ltg
RC
LP
TB
IGN
KN
IAE
EPSO