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Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

Lietuvos paštas is the largest provider of postal services in the country. The company’s main mission is to be a reliable parcel and letter delivery partner connecting Lithuania with the world. Lithuanian Post also operates the second largest network of parcel machines in Lithuania, LP EXPRESS, and provides services for payment of benefits, subscription delivery and remittances.

          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 458,932 458,377 432,932 452,001
Cost of goods sold 421,353 436,232 427,978 421,651
Gross profit (loss) 37,580 22,145 4,954 30,350
Gross profit margin 8% 5% 1% 7%
Operating expenses 0
Operating profit (loss) 37,580 22,145 4,954 30,350
Operating profit margin 8% 5% 1% 7%
EBITDA 157,617 136,856 112,104 139,762
EBITDA margin 34% 30% 26% 31%
Net profit (loss) 36,556 23,464 1,213 21,643
Net profit margin 8% 5% 0% 5%
2021-06 2022-06 2023-06 2024-06
Revenue 204,843 201,864 211,172 243,697
Cost of goods sold 174,590 176,796 199,829 217,895
Gross profit (loss) 30,253 25,067 11,343 25,802
Gross profit margin 15% 12% 5% 11%
Operating expenses 31,444 31,457
Operating profit (loss) -1,191 -6,390 11,343 25,802
Operating profit margin -1% -3% 5% 11%
EBITDA 54,040 43,663 65,938 78,397
EBITDA margin 26% 22% 31% 32%
Net profit (loss) -2,739 -6,561 8,989 20,386
Net profit margin -1% -3% 4% 8%

* 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 1,929,090 1,940,559 1,991,316 2,198,208
Intangible assets 21,477 26,882 28,892 29,590
Tangible assets 1,896,909 1,903,402 1,951,669 2,157,589
Financial assets 6,251 7,262 7,436 7,261
Other non-current assets 4,453 3,013 3,320 3,767
Current assets 158,849 169,489 283,412 293,604
Inventories and prepaid expenses 30,569 30,212 30,577 25,024
Accounts receivable in one year 50,635 51,635 37,670 32,914
Other current assets
Cash and cash equivalents 69,499 84,656 213,434 228,566
Total assets 2,104,226 2,117,881 2,280,260 2,498,469
Equity 1,162,977 1,166,608 1,161,504 1,174,286
Grants and subsidies 581,384 603,642 809,164 983,466
Liabilities 333,678 316,025 286,979 312,152
Financial liabilities 207,287 180,066 159,914 139,808
Long-term liabilities 209,329 187,272 167,762 149,826
Short-term liabilities 124,349 128,753 119,217 162,326
Equity and liabilities 2,104,226 2,117,881 2,280,260 2,498,469
2021-06 2022-06 2023-06 2024-06
Non-current assets 1,924,978 1,920,003 2,071,782 2,224,667
Intangible assets 23,758 26,837 29,377 29,546
Tangible assets 1,890,156 1,881,913 2,031,530 2,184,632
Financial assets 6,242 7,537 7,354 7,653
Other non-current assets 4,822 3,717 3,521 2,836
Current assets 6,851 6,098 6,041 10,798
Inventories and prepaid expenses 45,026 44,475 40,710 24,632
Accounts receivable in one year 70,649 65,304 61,631 90,805
Other current assets 0
Cash and cash equivalents 17,261 40,209 145,134 148,220
Total assets 2,064,765 2,081,696 2,328,261 2,502,301
Equity 1,139,990 1,153,754 1,170,201 1,180,658
Grants and subsidies 582,677 629,569 813,725 984,224
Liabilities 322,186 279,000 318,105 300,235
Financial liabilities 192,997 165,993 142,939 130,435
Long-term liabilities 196,585 170,635 156,512 158,635
Short-term liabilities 125,601 108,365 161,593 141,600
Equity and liabilities 2,064,765 2,081,696 2,328,261 2,502,301

* 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) 2% 1% 0% 1%
Return on equity (ROE) 3% 2% 0% 2%
Return on capital employed (ROCE) 3% 2% 0% 2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.10 0.09 0.07 0.06
Current Ratio 1.28 1.32 2.38 1.81
Quick ratio 1.03 1.08 2.12 1.65
Turnover ratios
Asset turnover 0.22 0.22 0.19 0.18
Fixed asset turnover 0.24 0.24 0.22 0.21
Equity turnover 0.39 0.39 0.37 0.38
Profitability ratios
EBITDA margin 34% 30% 26% 31%
Operating profit margin 8% 5% 1% 7%
Net profit margin 8% 5% 0% 5%
Other ratios
Dividends to the State 13,835.90 6,240.70 0.00 13,022.25
Dividends paid / net profit 0.38 0.27 0.00 0.60

* 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) 2% 1% 1% 1%
Return on equity (ROE) 3% 2% 1% 3%
Return on capital employed (ROCE) -0% -0% 1% 2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.09 0.08 0.06 0.05
Current Ratio 1.06 1.38 1.55 1.88
Quick ratio 0.70 0.97 1.30 1.71
Turnover ratios
Asset turnover 0.10 0.10 0.09 0.10
Fixed asset turnover 0.11 0.11 0.10 0.11
Equity turnover 0.18 0.17 0.18 0.21
Profitability ratios
EBITDA margin 26% 22% 31% 32%
Operating profit margin -1% -3% 5% 11%
Net profit margin -1% -3% 4% 8%
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. 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. metinės 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. 9 mėn. tarpinės ataskaitos 2014 m. 6 mėn. tarpinės ataskaitos 2014 m. 3 mėn. tarpinės ataskaitos
2012 m. metinės ataskaitos 2012 m. 6 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
2011m. 6 mėn. tarpinės ataskaitos 2011 m. metinės ataskaitos
2010 m. metinės ataskaitos

Expectations of the state

Key performance indicator
Letter of Expectations

About the company

  • Official nameAB „Lietuvos geležinkeliai“ įmonių grupė
  • Legal formPublic limited liability company (AB)
  • Company code110053842
  • SectorTransport and Communications
  • Line of businessRailways
  • Institution representing the StateMinistry of Transport and Communications
  • Special obligationsPerformes non-commercial special obligations
  • Share belonging to the State100%
  • Contacts http://www.litrail.lt
Return to the State

13.0 EUR milion

ROE

1.9%

Number of employees

5,825

Financial data provided as at end-December 2023

Management

  • Egidijus LazauskasChief Executive Officer

Information as of: 2024/12/02

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Kęstutis Šliužas Independent Member; IPI srl/Oji Holdings Corporation; PayRay Bank

MEMBERS OF THE BOARD OF DIRECTORS

  • Bernard GuillelmonIndependent Member; Bridge The Gap Ltd; JJM Holding; Camerata Bern; PROSE AG
  • Dalia AndrulionienėIndependent Member; UAB Altas Komercinis transportas
  • Aurimas VilkelisIndependent Member; Swiss Post; AB Klaipėdos valstybinio jūrų uosto direkcija
  • Eugenijus PreikšaIndependent Member; UAB European Merchant Bank
  • Agnė Amelija MikalonėMinistry of Transport and Communications; AB Via Lietuva
  • Romas ŠvedasVšĮ Valdymo koordinavimo centras; Romas Švedas and Partners, MB; VU TSPMI; RB Rail AS

Information as of: 2024/12/02

VMU
ltg
RC
LP
TB
IGN
KN
IAE
EPSO