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Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

AB Kelių priežiūra is a modernising company with ambitious goals. Combining decades of expertise and an innovative approach, the company has become one of the largest teams in Lithuania with over 2,200 employees.
The company is responsible for the maintenance of 21,000 kilometres of national roads. In winter, it ensures that roads are passable, and in spring and autumn it improves the quality of the roads by renewing worn-out road surfaces, profiling gravel roads, maintaining roadside structures and plantations, etc.

          2023/24 GOOD CORPORATE GOVERNANCE INDEX

          2022/23 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 97,863 91,877 113,580 125,720
Cost of goods sold 84,710 88,058 109,627 113,240
Gross profit (loss) 13,153 3,819 3,953 12,480
Gross profit margin 13% 4% 3% 10%
Operating expenses 7,606 8,038 8,527 9,912
Operating profit (loss) 5,547 -4,219 -4,574 2,568
Operating profit margin 6% -5% -4% 2%
EBITDA 15,913 6,855 7,366 16,114
EBITDA margin 16% 7% 6% 13%
Net profit (loss) 4,752 -3,303 -3,918 4,487
Net profit margin 5% -4% -3% 4%
2021-06 2022-06 2023-06 2024-06
Revenue 44,405 47,672 60,470 65,536
Cost of goods sold 41,418 46,663 53,811 58,272
Gross profit (loss) 2,987 1,009 6,659 7,264
Gross profit margin 7% 2% 11% 11%
Operating expenses 3,970 4,026 4,608 5,363
Operating profit (loss) -983 -3,018 2,051 1,901
Operating profit margin -2% -6% 3% 3%
EBITDA 4,356 2,674 8,276 8,846
EBITDA margin 10% 6% 14% 13%
Net profit (loss) -845 -2,467 2,517 2,629
Net profit margin -2% -5% 4% 4%

* 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 93,397 96,510 100,292 104,579
Intangible assets 273 282 396 604
Tangible assets 90,171 92,167 95,742 100,202
Financial assets 60 60 0 0
Other non-current assets 2,894 4,001 4,154 3,773
Current assets 48,990 31,938 59,055 47,168
Inventories and prepaid expenses 7,655 7,542 10,391 9,548
Accounts receivable in one year 2,501 3,853 3,098 4,412
Other current assets 861 2,920 1,933 1,229
Cash and cash equivalents 37,974 17,624 43,633 31,979
Total assets 142,388 128,448 159,347 151,747
Equity 116,051 106,760 102,842 107,329
Grants and subsidies 12 11 59
Liabilities 23,289 19,042 53,294 41,315
Financial liabilities 2,409 3,019 7,595 16,255
Long-term liabilities 3,038 3,295 6,759 13,437
Short-term liabilities 20,250 15,746 46,535 27,878
Equity and liabilities 142,388 128,448 159,347 151,747
2021-06 2022-06 2023-06 2024-06
Non-current assets 94,892 100,294 98,232 104,498
Intangible assets 205 198 345 539
Tangible assets 91,654 95,776 94,090 98,911
Financial assets 60 60 0 0
Other non-current assets 2,973 4,260 3,797 5,048
Current assets
Inventories and prepaid expenses 7,533 9,727 8,671 9,366
Accounts receivable in one year 10,454 15,223 15,103 18,666
Other current assets 1,362 4,053 3,258 784
Cash and cash equivalents 15,609 5,133 11,309 27,312
Total assets 129,849 134,429 136,573 160,626
Equity 109,219 104,294 105,359 109,958
Grants and subsidies 11 10 81
Liabilities 17,544 27,650 28,190 47,441
Financial liabilities 2,407 7,926 8,475 27,668
Long-term liabilities 3,105 8,315 6,836 26,571
Short-term liabilities 14,439 19,335 21,354 20,870
Equity and liabilities 129,849 134,429 136,573 160,626

* 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) 4% -2% -3% 3%
Return on equity (ROE) 4% -3% -4% 4%
Return on capital employed (ROCE) 5% -4% -4% 2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.02 0.02 0.05 0.11
Current Ratio 2.42 2.03 1.27 1.69
Quick ratio 2.04 1.55 1.05 1.35
Turnover ratios
Asset turnover 0.69 0.72 0.71 0.83
Fixed asset turnover 1.05 0.95 1.13 1.20
Equity turnover 0.84 0.86 1.10 1.17
Profitability ratios
EBITDA margin 16% 7% 6% 13%
Operating profit margin 6% -5% -4% 2%
Net profit margin 5% -4% -3% 4%
Other ratios
Dividends to the State 5,986.90 0.00 0.00 0.00
Dividends paid / net profit 1.26 0.00 0.00 0.00

* Left axis

** Right axis

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

2021-06 2022-06 2023-06 2024-06
Capital return ratios
Return on assets (ROA) 1% -4% 1% 3%
Return on equity (ROE) 2% -5% 1% 4%
Return on capital employed (ROCE) -1% -3% 2% 1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.02 0.06 0.06 0.17
Current Ratio 2.42 1.77 1.80 2.69
Quick ratio 1.90 1.26 1.39 2.24
Turnover ratios
Asset turnover 0.34 0.35 0.44 0.41
Fixed asset turnover 0.47 0.48 0.62 0.63
Equity turnover 0.41 0.46 0.57 0.60
Profitability ratios
EBITDA margin 10% 6% 14% 13%
Operating profit margin -2% -6% 3% 3%
Net profit margin -2% -5% 4% 4%
Other ratios
Dividends to the State
Dividends paid / net profit

Financial statments

2023 m. 6 mėn. tarpinės ataskaitos 2023 m. metinės ataskaitos
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 m. metinės ataskaitos 2018 m. 6 mėn. tarpinės ataskaitos
2017 m. metinės ataskaitos

Expectations of the state

Key performance indicator
Letter of Expectations

About the company

  • Official nameAB „Kelių priežiūra“
  • Legal formPublic limited liability company (AB)
  • Company code232112130
  • SectorTransport and Communications
  • Line of businessRoad construction and maintenance
  • Institution representing the StateMinistry of Transport and Communications
  • Special obligationsPerformes non-commercial special obligations
  • Share belonging to the State100%
http://keliuprieziura.lt/
ROE

4.3%

Number of employees

2,190

Financial data provided as at end-December 2023

Management

  • Audrius VaitkusChief Executive officer

Information as of: 2024/11/04

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Vygantas SliesoraitisIndependent member; UAB Visi namai; UAB Vegta; VšĮ Panovis; UAB Genetiniai ištekliai; UAB Pieno tyrimai; UAB AL holdingas

MEMBERS OF THE BOARD OF DIRECTORS

  • Živilė ValeišienėIndependent member; AB KN Energies; International Coaching Federation; Sunstone Group
  • Nerijus DatkūnasIndependent member; AB Energijos skirstymo operatorius; UAB LVG holding; ICF LITHUANIA; MB Metakomanda; MB Leading LT
  • Vidmantas TamulisMinistry of Transport and Communications

Information as of: 2024/11/04

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