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 2023-2025
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- LTG Group’s income, mln. EUR:
- 2023 – 459,1
- 2024 – 528,4
- 2025 – 610,2
- Total energy consumption savings, GWh:
- 2023 – 2,6
- 2024 – 4,2
- 2025 – 5,6
- CO2 emission per unit of income, tCO2e/ million EUR:
- 2023 – 185
- 2024 – 189
- 2025 – 173
- Amount of transported intermodal cargo, thousand TEU:
- 2023 – 194
- 2024 – 202
- 2025 – 222
- Turnover of transported passengers, mln. road km:
- 2023 – 418,9
- 2024 – 451
- 2025 – 484,5
- Traffic hazard indicator:
- 2023 – 2,25
- 2024 – 1,92
- 2025 – 1,75
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
2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|
Revenue | 473,541 | 458,932 | 458,377 | 432,932 |
Cost of goods sold | 370,201 | 351,628 | 354,957 | 349,615 |
Gross profit (loss) | 103,340 | 107,304 | 103,420 | 83,317 |
Gross profit margin | 22% | 23% | 23% | 19% |
Operating expenses | 60,194 | 69,725 | 81,275 | 78,363 |
Operating profit (loss) | 43,146 | 37,580 | 22,145 | 4,954 |
Operating profit margin | 9% | 8% | 5% | 1% |
EBITDA | 193,079 | 157,617 | 136,856 | 112,104 |
EBITDA margin | 41% | 34% | 30% | 26% |
Net profit (loss) | 58,095 | 36,556 | 23,464 | 1,213 |
Net profit margin | 12% | 8% | 5% | 0% |
2020-06 | 2021-06 | 2022-06 | 2023-06 | |
---|---|---|---|---|
Revenue | 192,767 | 204,843 | 201,864 | 211,172 |
Cost of goods sold | 173,762 | 174,590 | 176,796 | 171,821 |
Gross profit (loss) | 19,005 | 30,253 | 25,067 | 39,351 |
Gross profit margin | 10% | 15% | 12% | 19% |
Operating expenses | 32,389 | 31,444 | 31,457 | 28,008 |
Operating profit (loss) | -13,472 | -1,191 | -6,390 | 11,343 |
Operating profit margin | -7% | -1% | -3% | 5% |
EBITDA | 54,969 | 54,040 | 43,663 | 65,938 |
EBITDA margin | 29% | 26% | 22% | 31% |
Net profit (loss) | -185 | -2,739 | -6,561 | 8,989 |
Net profit margin | -0% | -1% | -3% | 4% |
Balance sheet
2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|
Non-current assets | 1,825,445 | 1,929,090 | 1,940,559 | 1,991,316 |
Intangible assets | 18,681 | 21,477 | 26,882 | 28,892 |
Tangible assets | 1,798,512 | 1,896,909 | 1,903,402 | 1,951,669 |
Financial assets | 4,945 | 6,251 | 7,262 | 7,436 |
Other non-current assets | 3,307 | 4,453 | 3,013 | 3,320 |
Current assets | 226,981 | 158,849 | 169,489 | 283,412 |
Inventories and prepaid expenses | 38,642 | 30,569 | 30,212 | 30,577 |
Accounts receivable in one year | 80,818 | 50,635 | 51,635 | 37,670 |
Other current assets | 0 | |||
Cash and cash equivalents | 105,153 | 69,499 | 84,656 | 213,434 |
Total assets | 2,056,514 | 2,104,226 | 2,117,881 | 2,280,260 |
Equity | 1,167,131 | 1,162,977 | 1,166,608 | 1,161,504 |
Grants and subsidies | 556,015 | 581,384 | 603,642 | 809,164 |
Liabilities | 313,241 | 333,678 | 316,025 | 286,979 |
Financial liabilities | 185,080 | 207,287 | 180,066 | 159,914 |
Long-term liabilities | 186,673 | 209,329 | 187,272 | 167,762 |
Short-term liabilities | 126,569 | 124,349 | 128,753 | 119,217 |
Equity and liabilities | 2,056,514 | 2,104,226 | 2,117,881 | 2,280,260 |
2020-06 | 2021-06 | 2022-06 | 2023-06 | |
---|---|---|---|---|
Non-current assets | 1,895,651 | 1,924,978 | 1,920,003 | 2,071,782 |
Intangible assets | 18,104 | 23,758 | 26,837 | 29,377 |
Tangible assets | 1,867,823 | 1,890,156 | 1,881,913 | 2,031,530 |
Financial assets | 4,598 | 6,242 | 7,537 | 7,354 |
Other non-current assets | 5,126 | 4,822 | 3,717 | 3,521 |
Current assets | 145,878 | 132,935 | 149,988 | 250,438 |
Inventories and prepaid expenses | 51,439 | 45,026 | 44,475 | 40,710 |
Accounts receivable in one year | 68,787 | 70,649 | 65,304 | 61,631 |
Other current assets | 0 | 0 | ||
Cash and cash equivalents | 25,652 | 17,261 | 40,209 | 145,134 |
Total assets | 2,048,892 | 2,064,765 | 2,081,696 | 2,328,261 |
Equity | 1,166,946 | 1,139,990 | 1,153,754 | 1,170,201 |
Grants and subsidies | 565,489 | 582,677 | 629,569 | 813,725 |
Liabilities | 283,682 | 322,186 | 279,000 | 318,105 |
Financial liabilities | 170,546 | 192,997 | 165,993 | 142,939 |
Long-term liabilities | 164,215 | 196,585 | 170,635 | 156,512 |
Short-term liabilities | 119,467 | 125,601 | 108,365 | 161,593 |
Equity and liabilities | 2,048,892 | 2,064,765 | 2,081,696 | 2,328,261 |
Financial ratios
2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|
Capital return ratios | ||||
Return on assets (ROA) | 3% | 2% | 1% | 0% |
Return on equity (ROE) | 5% | 3% | 2% | 0% |
Return on capital employed (ROCE) | 3% | 3% | 2% | 0% |
Capital structure and liquidity ratios | ||||
Debt / asset ratio (D/A) | 0.09 | 0.10 | 0.09 | 0.07 |
Current Ratio | 1.79 | 1.28 | 1.32 | 2.38 |
Quick ratio | 1.49 | 1.03 | 1.08 | 2.12 |
Turnover ratios | ||||
Asset turnover | 0.23 | 0.22 | 0.22 | 0.19 |
Fixed asset turnover | 0.26 | 0.24 | 0.24 | 0.22 |
Equity turnover | 0.41 | 0.39 | 0.39 | 0.37 |
Profitability ratios | ||||
EBITDA margin | 41% | 34% | 30% | 26% |
Operating profit margin | 9% | 8% | 5% | 1% |
Net profit margin | 12% | 8% | 5% | 0% |
Other ratios | ||||
Dividends to the State | 38,000.00 | 13,835.90 | 6,240.70 | 0.00 |
Dividends paid / net profit | 0.65 | 0.38 | 0.27 | 0.00 |
2020-06 | 2021-06 | 2022-06 | 2023-06 | |
---|---|---|---|---|
Capital return ratios | ||||
Return on assets (ROA) | 1% | 2% | 1% | 1% |
Return on equity (ROE) | 2% | 3% | 2% | 1% |
Return on capital employed (ROCE) | -1% | -0% | -0% | 1% |
Capital structure and liquidity ratios | ||||
Debt / asset ratio (D/A) | 0.08 | 0.09 | 0.08 | 0.06 |
Current Ratio | 1.22 | 1.06 | 1.38 | 1.55 |
Quick ratio | 0.79 | 0.70 | 0.97 | 1.30 |
Turnover ratios | ||||
Asset turnover | 0.09 | 0.10 | 0.10 | 0.09 |
Fixed asset turnover | 0.10 | 0.11 | 0.11 | 0.10 |
Equity turnover | 0.17 | 0.18 | 0.17 | 0.18 |
Profitability ratios | ||||
EBITDA margin | 29% | 26% | 22% | 31% |
Operating profit margin | -7% | -1% | -3% | 5% |
Net profit margin | -0% | -1% | -3% | 4% |
Other ratios | ||||
Dividends to the State | ||||
Dividends paid / net profit |
Financial statments
Expectations of the state
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%
ROE
0.1%
Number of employees
6,126
Financial data provided as at end-December 2022
Management
- Egidijus LazauskasChief Executive Officer
Information as of: 2023/11/03
Board of Directors
CHAIRMAN OF THE BOARD OF DIRECTORS
- Kęstutis ŠliužasIPI srl/Oji Holdings Corporation; Independent Member
MEMBERS OF THE BOARD OF DIRECTORS
- Bernard GuillelmonBridge The Gap Ltd; JJM Holding; Independent Member
- Dalia AndrulionienėUAB Omberg group; Independent Member
- Aurimas VilkelisIndependent Member; Swiss Post; AB Klaipėdos valstybinio jūrų uosto direkcija
- Eugenijus PreikšaUAB European Merchant Bank; Independent Member
- Agnė Amelija MikalonėMinistry of Transport and Communications; AB Lietuvos automobilių kelių direkcija
- Romas ŠvedasVšĮ Valdymo koordinavimo centras; Romas Švedas and Partners, MB; VU TSPMI
Information as of: 2023/11/03