Lietuvos geležinkeliai

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.
KEY FINANCIAL PERFORMANCE INDICATORS FOR THE PERIOD 2022-2024
- Average annual adjusted EBITDA margin:
-
2022–2024 ≥ 25 percent.
-
-
Annual net debt to adjusted EBITDA ratio:
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2022–2024 ≤ 6 times
TARGETED SPECIFIC INDICATORS FOR THE PERIOD 2022-2024
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- Ratio of operating expenses to sales revenue:
- 2022 – 0,95
- 2023 – 0,87
- 2024 – 0,88
- CO2 emissions of freight trains from freight turnover (g / tkm net):
- 2022 – 11,3
- 2023 – 11,2
- 2024 – 8,4
- CO2 emissions of passenger trains per passenger turnover (g / km):
- 2022 – 34,4
- 2023 – 34,5
- 2024 – 34,5
- Public hazard indicator (weighted number of deaths and serious injuries / million train km):
- 2022 – 0,42
- 2023 – 0,36
- 2024 – 0,3
- Customer Satisfaction Score (CSAT),%:
- 2022 – 81
- 2023 – 82
- 2024 – 83
- Employee engagement rate,%:
- 2022 – 58
- 2023 – 61
- 2024 – 61
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 | 467,952 | 473,541 | 458,932 | 458,377 |
Cost of goods sold | 361,184 | 370,201 | 351,628 | 354,957 |
Gross profit (loss) | 106,768 | 103,340 | 107,304 | 103,420 |
Gross profit margin | 23% | 22% | 23% | 23% |
Operating expenses | 59,609 | 60,194 | 69,725 | 81,275 |
Operating profit (loss) | 47,159 | 43,146 | 37,580 | 22,145 |
Operating profit margin | 10% | 9% | 8% | 5% |
EBITDA | 196,011 | 193,079 | 157,617 | 136,856 |
EBITDA margin | 42% | 41% | 34% | 30% |
Net profit (loss) | 54,806 | 58,095 | 36,556 | 23,464 |
Net profit margin | 12% | 12% | 8% | 5% |
2019-06 | 2020-06 | 2021-06 | 2022-06 | |
---|---|---|---|---|
Revenue | 228,892 | 192,767 | 204,843 | 201,864 |
Cost of goods sold | 176,827 | 173,762 | 174,590 | 176,796 |
Gross profit (loss) | 52,065 | 19,005 | 30,253 | 25,067 |
Gross profit margin | % | % | % | % |
Operating expenses | 28,325 | 32,477 | 31,444 | 31,457 |
Operating profit (loss) | 23,740 | -13,472 | -1,191 | -6,390 |
Operating profit margin | % | % | % | % |
EBITDA | 96,628 | 54,969 | 54,040 | 43,663 |
EBITDA margin | 42% | 29% | 26% | 22% |
Net profit (loss) | 29,524 | -185 | -2,739 | -6,561 |
Net profit margin | 13% | -0% | -1% | -3% |
Balance sheet
2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|
Non-current assets | 1,846,870 | 1,825,445 | 1,929,090 | 1,940,559 |
Intangible assets | 21,025 | 18,681 | 21,477 | 26,882 |
Tangible assets | 1,820,136 | 1,798,512 | 1,896,909 | 1,903,402 |
Financial assets | 4,326 | 4,945 | 6,251 | 7,262 |
Other non-current assets | 1,383 | 3,307 | 4,453 | 3,013 |
Current assets | 177,198 | 226,981 | 158,849 | 169,489 |
Inventories and prepaid expenses | 45,292 | 38,642 | 30,569 | 30,212 |
Accounts receivable in one year | 38,477 | 80,818 | 50,635 | 51,635 |
Other current assets | ||||
Cash and cash equivalents | 92,832 | 105,153 | 69,499 | 84,656 |
Total assets | 2,025,657 | 2,056,514 | 2,104,226 | 2,117,881 |
Equity | 1,151,386 | 1,167,131 | 1,162,977 | 1,166,608 |
Grants and subsidies | 538,882 | 556,015 | 581,384 | 587,853 |
Liabilities | 332,525 | 330,633 | 348,952 | 346,974 |
Financial liabilities | 210,926 | 185,080 | 207,287 | 180,066 |
Long-term liabilities | 188,992 | 186,673 | 209,329 | 183,337 |
Short-term liabilities | 116,768 | 126,569 | 124,349 | 148,477 |
Equity and liabilities | 2,025,657 | 2,056,514 | 2,104,226 | 2,117,881 |
2020-06 | 2021-06 | 2022-06 | |
---|---|---|---|
Non-current assets | 1,895,651 | 1,924,978 | 1,920,003 |
Intangible assets | 18,104 | 23,758 | 26,837 |
Tangible assets | 1,867,823 | 1,890,156 | 1,881,913 |
Financial assets | 4,598 | 6,242 | 7,537 |
Other non-current assets | 5,126 | 4,822 | 3,717 |
Current assets | 145,878 | 132,935 | 149,988 |
Inventories and prepaid expenses | 51,439 | 45,026 | 44,475 |
Accounts receivable in one year | 68,787 | 70,649 | 65,304 |
Other current assets | |||
Cash and cash equivalents | 25,652 | 17,261 | 40,209 |
Total assets | 2,048,892 | 2,064,765 | 2,081,696 |
Equity | 1,166,946 | 1,139,990 | 1,153,754 |
Grants and subsidies | 565,489 | 582,677 | 629,569 |
Liabilities | 313,011 | 337,355 | 294,049 |
Financial liabilities | 170,546 | 192,997 | 165,993 |
Long-term liabilities | 164,215 | 196,585 | 170,635 |
Short-term liabilities | 119,467 | 125,601 | 108,365 |
Equity and liabilities | 2,048,892 | 2,064,765 | 2,081,696 |
Financial ratios
2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|
Capital return ratios | ||||
Return on assets (ROA) | 3% | 3% | 2% | 1% |
Return on equity (ROE) | 5% | 5% | 3% | 2% |
Return on capital employed (ROCE) | 8% | 8% | 5% | 3% |
Capital structure and liquidity ratios | ||||
Debt / asset ratio (D/A) | 0.18 | 0.16 | 0.18 | 0.15 |
Current Ratio | 1.52 | 1.79 | 1.28 | 1.14 |
Quick ratio | 1.13 | 1.49 | 1.03 | 0.94 |
Turnover ratios | ||||
Asset turnover | 0.23 | 0.23 | 0.22 | 0.22 |
Fixed asset turnover | 0.25 | 0.26 | 0.24 | 0.24 |
Equity turnover | 0.41 | 0.41 | 0.39 | 0.39 |
Profitability ratios | ||||
EBITDA margin | 42% | 41% | 34% | 30% |
Operating profit margin | 10% | 9% | 8% | 5% |
Net profit margin | 12% | 12% | 8% | 5% |
Other ratios | ||||
Dividends to the State | 43,000.00 | 38,000.00 | 13,835.90 | 6,240.70 |
Dividends paid / net profit | 0.78 | 0.65 | 0.38 | 0.27 |
2019-06 | 2020-06 | 2021-06 | 2022-06 | |
---|---|---|---|---|
Capital return ratios | ||||
Return on assets (ROA) | 3% | % | 2% | 1% |
Return on equity (ROE) | 5% | % | 3% | 2% |
Return on capital employed (ROCE) | 8% | -0% | -0% | -1% |
Capital structure and liquidity ratios | ||||
Debt / asset ratio (D/A) | 0.16 | 0.17 | 0.15 | 0.14 |
Current Ratio | 1.79 | 1.22 | 1.06 | 1.38 |
Quick ratio | 1.49 | 0.79 | 0.70 | 0.97 |
Turnover ratios | ||||
Asset turnover | 0.23 | 0.19 | 0.10 | 0.10 |
Fixed asset turnover | 0.26 | 0.20 | 0.11 | 0.11 |
Equity turnover | 0.41 | 0.33 | 0.18 | 0.18 |
Profitability ratios | ||||
EBITDA margin | 41% | 29% | 26% | 22% |
Operating profit margin | 9% | % | % | % |
Net profit margin | 12% | -0% | -1% | -3% |
Other ratios | ||||
Dividends to the State | 38,000.00 | |||
Dividends paid / net profit | 0.65 |
Financial statments
Expectations of the state
Target return on equity undefined
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%
Return to the State
6.2 EUR milion
ROE
2.0%
Number of employees
7,804
Financial data provided as at end-December 2021
Management
- Egidijus LazauskasChief Executive Officer
Information as of: 2023/05/01
Board of Directors
CHAIRMAN OF THE BOARD OF DIRECTORS
- Kęstutis ŠliužasChief Executive Officer, IPI srl/COESIA group (Italy); Independent Member
MEMBERS OF THE BOARD OF DIRECTORS
- Bernard GuillelmonBridge The Gap Ltd; JJM Independent Member
- Dalia AndrulionienėUAB Omberg group; Independent Member
- Aurimas VilkelisSwiss Post; Independent Member
- Eugenijus PreikšaUAB European Merchant Bank; Independent Member
- Agnė Amelija MikalonėMinistry of Transport and Communications
- Romas ŠvedasVšĮ Valdymo koordinavimo centras; Romas Švedas and Partners, MB; VU TSPMI
Information as of: 2023/05/01