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.
KEY FINANCIAL PERFORMANCE INDICATORS FOR THE PERIOD 2022-2024
- Average return on equity ROE from commercial activities:
- 2022–2024 ≥ 6,9 percent.
- Annual ratio of financial debt to equity:
- 2022–2024 limit 0,1–0,2 times
TARGETED SPECIFIC INDICATORS FOR THE PERIOD 2023-2025
- Change in income from commercial activities, thousand euros:
- 2023 – (-3613)
- 2024 – (+343)
- 2025 – (+165)
- Quality of patrol defects (ratio of the number of defects detected during patrol inspections (according to the KPV PN) to the sum of defects detected by the LAKD technical supervisor and the KP quality department), percentage:
- 2023 – 93
- 2024-2025 – 94
- Change in GHG emissions (decrease),%:
- 2023 – 3
- 2024 – 2
- 2025 – 2
- Average 1 month gross profit of commercial activity per employee, EUR/month:
- 2023 – 147
- 2024 – 158
- 2025 – 169
- Savings of final energy consumption per year compared to average annual energy consumption, GWh.:
- 2023 – 0,2288
- 2024 – 0,2253
- 2025 – 0,2219
2021/22 GOOD CORPORATE GOVERNANCE INDEX
2020/21 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
| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Revenue | 78,147 | 84,293 | 97,863 | 91,877 |
| Cost of goods sold | 69,758 | 77,263 | 84,710 | 88,058 |
| Gross profit (loss) | 8,389 | 7,031 | 13,153 | 3,819 |
| Gross profit margin | 11% | 8% | 13% | 4% |
| Operating expenses | 9,456 | 6,886 | 7,606 | 8,038 |
| Operating profit (loss) | -1,067 | 145 | 5,547 | -4,219 |
| Operating profit margin | -1% | 0% | 6% | -5% |
| EBITDA | 7,889 | 10,325 | 15,913 | 6,855 |
| EBITDA margin | 10% | 12% | 16% | 7% |
| Net profit (loss) | -1,164 | 353 | 4,752 | -3,303 |
| Net profit margin | -1% | 0% | 5% | -4% |
| 2019-06 | 2020-06 | 2021-06 | 2022-06 | |
|---|---|---|---|---|
| Revenue | 39,599 | 38,622 | 44,405 | 47,672 |
| Cost of goods sold | 36,707 | 32,444 | 41,418 | 46,663 |
| Gross profit (loss) | 2,892 | 6,178 | 2,987 | 1,009 |
| Gross profit margin | % | % | % | % |
| Operating expenses | 3,449 | 3,486 | 3,970 | 4,026 |
| Operating profit (loss) | -557 | 2,691 | -983 | -3,018 |
| Operating profit margin | % | % | % | % |
| EBITDA | 4,379 | 7,775 | 4,356 | 2,656 |
| EBITDA margin | 11% | 20% | 10% | 6% |
| Net profit (loss) | -590 | 2,218 | -845 | -2,467 |
| Net profit margin | -1% | 6% | -2% | -5% |
Balance sheet
| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Non-current assets | 85,812 | 85,991 | 93,397 | 96,510 |
| Intangible assets | 101 | 183 | 273 | 282 |
| Tangible assets | 85,261 | 83,725 | 90,171 | 92,167 |
| Financial assets | 30 | 60 | 60 | |
| Other non-current assets | 451 | 2,053 | 2,894 | 4,001 |
| Current assets | 37,626 | 43,025 | 48,990 | 31,938 |
| Inventories and prepaid expenses | 5,106 | 7,953 | 7,655 | 7,542 |
| Accounts receivable in one year | 3,664 | 3,212 | 2,501 | 3,853 |
| Other current assets | 346 | 631 | 861 | 2,920 |
| Cash and cash equivalents | 28,511 | 31,231 | 37,974 | 17,624 |
| Total assets | 123,439 | 129,016 | 142,388 | 128,448 |
| Equity | 110,949 | 111,299 | 116,051 | 106,760 |
| Grants and subsidies | 12 | |||
| Liabilities | 12,490 | 17,718 | 26,337 | 21,676 |
| Financial liabilities | 1,683 | 2,409 | 3,019 | |
| Long-term liabilities | 768 | 2,177 | 3,038 | 3,295 |
| Short-term liabilities | 9,593 | 13,389 | 20,250 | 15,746 |
| Equity and liabilities | 123,439 | 129,016 | 142,388 | 128,448 |
| 2020-06 | 2021-06 | 2022-06 | |
|---|---|---|---|
| Non-current assets | 86,571 | 94,892 | 100,294 |
| Intangible assets | 157 | 205 | 198 |
| Tangible assets | 84,306 | 91,654 | 95,776 |
| Financial assets | 30 | 60 | 60 |
| Other non-current assets | 2,078 | 2,973 | 4,260 |
| Current assets | 43,075 | 34,957 | 34,135 |
| Inventories and prepaid expenses | 7,832 | 7,533 | 9,727 |
| Accounts receivable in one year | 5,646 | 10,454 | 15,223 |
| Other current assets | 504 | 1,362 | 4,053 |
| Cash and cash equivalents | 29,093 | 15,609 | 5,133 |
| Total assets | 130,202 | 129,849 | 134,429 |
| Equity | 113,517 | 109,219 | 104,294 |
| Grants and subsidies | 11 | ||
| Liabilities | 16,620 | 20,630 | 30,125 |
| Financial liabilities | 1,617 | 2,407 | 8,266 |
| Long-term liabilities | 1,505 | 3,105 | 8,315 |
| Short-term liabilities | 11,737 | 14,439 | 19,335 |
| Equity and liabilities | 130,202 | 129,849 | 134,429 |
Financial ratios
| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 1% | 0% | 4% | -2% |
| Return on equity (ROE) | 1% | 0% | 4% | -3% |
| Return on capital employed (ROCE) | -1% | 1% | 10% | -6% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.02 | 0.02 | 0.03 | |
| Current Ratio | 3.92 | 3.21 | 2.42 | 2.03 |
| Quick ratio | 3.39 | 2.62 | 2.04 | 1.55 |
| Turnover ratios | ||||
| Asset turnover | 0.60 | 0.67 | 0.72 | 0.68 |
| Fixed asset turnover | 0.84 | 0.98 | 1.09 | 0.97 |
| Equity turnover | 0.66 | 0.76 | 0.86 | 0.82 |
| Profitability ratios | ||||
| EBITDA margin | 10% | 12% | 16% | 7% |
| Operating profit margin | -1% | 0% | 6% | -5% |
| Net profit margin | -1% | 0% | 5% | -4% |
| Other ratios | ||||
| Dividends to the State | 5,986.90 | |||
| Dividends paid / net profit | 1.26 |
| 2019-06 | 2020-06 | 2021-06 | 2022-06 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 0% | % | 1% | -3% |
| Return on equity (ROE) | 0% | % | 2% | -4% |
| Return on capital employed (ROCE) | 1% | 5% | -1% | -5% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.02 | 0.02 | 0.03 | 0.08 |
| Current Ratio | 3.21 | 3.67 | 2.42 | 1.77 |
| Quick ratio | 2.62 | 3.00 | 1.90 | 1.26 |
| Turnover ratios | ||||
| Asset turnover | 0.67 | 0.59 | 0.34 | 0.36 |
| Fixed asset turnover | 0.98 | 0.89 | 0.49 | 0.49 |
| Equity turnover | 0.76 | 0.68 | 0.40 | 0.45 |
| Profitability ratios | ||||
| EBITDA margin | 12% | 20% | 10% | 6% |
| Operating profit margin | 0% | % | % | % |
| Net profit margin | 0% | 6% | -2% | -5% |
| Other ratios | ||||
| Dividends to the State | ||||
| Dividends paid / net profit |
Financial statments
Expectations of the state
Target return on equity undefined
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
-3.0%
Number of employees
2,251
Financial data provided as at end-December 2021
Management
- Rolandas RutėnasChief Executive Officer
Information as of: 2023/05/01
Board of Directors
CHAIRMAN OF THE BOARD OF DIRECTORS
- Vygantas SliesoraitisUAB AL holdingas; UAB Visi namai, UAB Vegta, VšĮ Panovis, Vilniaus Perkūno Rotary Klubas; Independent member
MEMBERS OF THE BOARD OF DIRECTORS
- Živilė ValeišienėLietuvos įvairovės chartija; Independent member, AB Klaipėdos nafta, International Coaching Federation
- Nerijus Datkūnas AB Energijos skirstymo operatorius; UAB GRINDA; UAB LVG holding; ICF LITHUANIA, MB Metakomanda; Independent member
- Audrius VaitkusVilniaus Gedimino technikos universitetas, Independent member
- Agnė Amelija MikalonėMinistry of Transport and Communications
Information as of: 2023/05/01
