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Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

VĮ “Kelių priežiūra” was established in 2017 by reorganizing and merging 11 regional road maintenance companies . VĮ „Kelių priežiūra“ is responsible for the maintenance, operation and repair of roads of national significance and their structures. The company also designs and builds roads, streets, yards, manufactures and sells sand, gravel, asphalt concrete, leases road construction machinery and special purpose road transport.

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 80,055 78,147 84,293 97,863
Cost of goods sold 70,058 69,758 77,263 84,710
Gross profit (loss) 9,997 8,389 7,031 13,153
Gross profit margin 12% 11% 8% 13%
Operating expenses 8,136 9,456 6,886 7,606
Operating profit (loss) 1,861 -1,067 145 5,547
Operating profit margin 2% -1% 0% 6%
EBITDA 13,451 7,889 10,325 15,913
EBITDA margin 17% 10% 12% 16%
Net profit (loss) 2,279 -1,164 353 4,752
Net profit margin 3% -1% 0% 5%
2018-06 2019-06 2020-06 2021-06
Revenue 38,261 39,599 38,622 44,405
Cost of goods sold 33,266 36,707 32,444 41,418
Gross profit (loss) 4,995 2,892 6,178 2,987
Gross profit margin % % 7% 7%
Operating expenses 4,505 3,449 3,486 3,970
Operating profit (loss) 490 -557 2,691 -983
Operating profit margin % % -1% -2%
EBITDA 4,379 4,356
EBITDA margin % % 11% 10%
Net profit (loss) 640 -590 2,218 -845
Net profit margin % % -1% -2%

Balance sheet

2017 2018 2019 2020
Non-current assets 99,275 85,812 85,991 93,397
Intangible assets 145 101 183 273
Tangible assets 98,699 85,261 83,725 90,171
Financial assets 30 60
Other non-current assets 430 451 2,053 2,894
Current assets 36,133 37,626 43,025 48,990
Inventories and prepaid expenses 4,913 5,106 7,953 7,655
Accounts receivable in one year 3,521 3,664 3,212 2,501
Other current assets 680 346 631 861
Cash and cash equivalents 27,018 28,511 31,231 37,974
Total assets 135,408 123,439 129,016 142,388
Equity 124,805 110,949 111,299 116,051
Grants and subsidies
Liabilities 10,575 12,490 17,718 26,337
Financial liabilities 1,683 2,409
Long-term liabilities 971 768 2,177 3,038
Short-term liabilities 7,513 9,593 13,389 20,250
Equity and liabilities 135,408 123,439 129,016 142,388
2019-06 2020-06 2021-06
Non-current assets 90,277 86,571 94,892
Intangible assets 143 157 205
Tangible assets 88,770 84,306 91,654
Financial assets 342 30 60
Other non-current assets 1,022 2,078 2,973
Current assets 39,369 43,075 34,957
Inventories and prepaid expenses 5,600 7,832 7,533
Accounts receivable in one year 10,440 5,646 10,454
Other current assets 504 1,362
Cash and cash equivalents 23,329 29,093 15,609
Total assets 129,645 130,202 129,849
Equity 117,461 113,517 109,219
Grants and subsidies
Liabilities 12,185 16,620 20,630
Financial liabilities 1,505 2,203
Long-term liabilities 2,290 1,505 3,105
Short-term liabilities 112 204
Equity and liabilities 129,645 130,202 129,849

Financial ratios

2018 2019 2020
Capital return ratios
Return on assets (ROA) 1% 0% 4%
Return on equity (ROE) 1% 0% 4%
Return on capital employed (ROCE) -1% 1% 10%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.02 0.02
Current Ratio 3.92 3.21 2.42
Quick ratio 3.39 2.62 2.04
Turnover ratios
Asset turnover 0.60 0.67 0.72
Fixed asset turnover 0.84 0.98 1.09
Equity turnover 0.66 0.76 0.86
Profitability ratios
EBITDA margin 10% 12% 16%
Operating profit margin -1% 0% 6%
Net profit margin -1% 0% 5%
Other ratios
Dividends to the State 5,986.90
Dividends paid / net profit 1.26
2019-06 2020-06 2021-06
Capital return ratios
Return on assets (ROA) % % 1%
Return on equity (ROE) % % 2%
Return on capital employed (ROCE) -8% -1% -1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.01 0.02
Current Ratio 383.57 171.36
Quick ratio 313.83 134.43
Turnover ratios
Asset turnover 0.61 0.30 0.34
Fixed asset turnover 0.88 0.44 0.49
Equity turnover 0.67 0.33 0.40
Profitability ratios
EBITDA margin % 11% 10%
Operating profit margin % -1% -2%
Net profit margin % -1% -2%
Other ratios
Dividends to the State
Dividends paid / net profit

Expectations of the state

Target return on equity

7.6%

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/
Return to the State

6.0 EUR milion

ROE

4.2%

Number of employees

2,308

Financial data provided as at end-December 2020

Management

  • Rolandas RutėnasDirector General

Information as of: 2021/10/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Vygantas SliesoraitisUAB AL Holdingas; Independent member

MEMBERS OF THE BOARD OF DIRECTORS

  • Egidijus VaišvilasUAB Executive advisors, UAB Baltic Clipper, Baltic Underwriting Agency; Independent member
  • Audrius VaitkusRoad Research Institute of Vilnius Gediminas Technical University; Independent member
  • Agnė Amelija MikalonėMinistry of Transport and Communications

Information as of: 2021/10/01