Kelių priežiūra
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.
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 | 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% |
| 2020-06 | 2021-06 | 2022-06 | 2023-06 | |
|---|---|---|---|---|
| Revenue | 38,622 | 44,405 | 47,672 | 60,470 |
| Cost of goods sold | 32,444 | 41,418 | 46,663 | 53,811 |
| Gross profit (loss) | 6,178 | 2,987 | 1,009 | 6,659 |
| Gross profit margin | 16% | 7% | 2% | 11% |
| Operating expenses | 3,486 | 3,970 | 4,026 | 4,608 |
| Operating profit (loss) | 2,691 | -983 | -3,018 | 2,051 |
| Operating profit margin | 7% | -2% | -6% | 3% |
| EBITDA | 7,775 | 4,356 | 2,674 | 8,276 |
| EBITDA margin | 20% | 10% | 6% | 14% |
| Net profit (loss) | 2,218 | -845 | -2,467 | 2,517 |
| Net profit margin | 6% | -2% | -5% | 4% |
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 |
| 2020-06 | 2021-06 | 2022-06 | 2023-06 | |
|---|---|---|---|---|
| Non-current assets | 86,571 | 94,892 | 100,294 | 98,232 |
| Intangible assets | 157 | 205 | 198 | 345 |
| Tangible assets | 84,306 | 91,654 | 95,776 | 94,090 |
| Financial assets | 30 | 60 | 60 | 0 |
| Other non-current assets | 2,078 | 2,973 | 4,260 | 3,797 |
| Current assets | 43,075 | 34,957 | 34,135 | 38,340 |
| Inventories and prepaid expenses | 7,832 | 7,533 | 9,727 | 8,671 |
| Accounts receivable in one year | 5,646 | 10,454 | 15,223 | 15,103 |
| Other current assets | 504 | 1,362 | 4,053 | 3,258 |
| Cash and cash equivalents | 29,093 | 15,609 | 5,133 | 11,309 |
| Total assets | 130,202 | 129,849 | 134,429 | 136,573 |
| Equity | 113,517 | 109,219 | 104,294 | 105,359 |
| Grants and subsidies | 0 | 11 | 10 | |
| Liabilities | 13,242 | 17,544 | 27,650 | 28,190 |
| Financial liabilities | 1,617 | 2,407 | 8,266 | 8,475 |
| Long-term liabilities | 1,505 | 3,105 | 8,315 | 6,836 |
| Short-term liabilities | 11,737 | 14,439 | 19,335 | 21,354 |
| Equity and liabilities | 130,202 | 129,849 | 134,429 | 136,573 |
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 |
| 2020-06 | 2021-06 | 2022-06 | 2023-06 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 2% | 1% | -4% | 1% |
| Return on equity (ROE) | 3% | 2% | -5% | 1% |
| Return on capital employed (ROCE) | 2% | -1% | -3% | 2% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.01 | 0.02 | 0.06 | 0.06 |
| Current Ratio | 3.67 | 2.42 | 1.77 | 1.80 |
| Quick ratio | 3.00 | 1.90 | 1.26 | 1.39 |
| Turnover ratios | ||||
| Asset turnover | 0.30 | 0.34 | 0.35 | 0.44 |
| Fixed asset turnover | 0.45 | 0.47 | 0.48 | 0.62 |
| Equity turnover | 0.34 | 0.41 | 0.46 | 0.57 |
| Profitability ratios | ||||
| EBITDA margin | 20% | 10% | 6% | 14% |
| Operating profit margin | 7% | -2% | -6% | 3% |
| Net profit margin | 6% | -2% | -5% | 4% |
| Other ratios | ||||
| Dividends to the State | ||||
| Dividends paid / net profit |
Financial statments
Expectations of the state
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%
ROE
4.3%
Number of employees
2,190
Financial data provided as at end-December 2023
Management
- Audrius VaitkusChief Executive officer
Information as of: 2024/06/03
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: 2024/06/03
