Lietuvos geležinkeliai
AB Lietuvos geležinkeliai (LTG) established in 1991, together with other directly and indirectly owned legal entities, forms the LTG Group of companies. LTG’s core business is to increase the business value of the Group’s companies and the efficiency of rail transport operations. LTG Group companies ensure efficient management, maintenance, renewal and development of the public railway infrastructure, and provide rail passenger and freight services.
Financial results
P/L Statment
| 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|
| Revenue | 448,100 | 467,952 | 473,541 | 422,953 |
| Cost of goods sold | 355,289 | 361,184 | 370,201 | 351,628 |
| Gross profit (loss) | 92,811 | 106,768 | 103,340 | 71,325 |
| Gross profit margin | 21% | 23% | 22% | 17% |
| Operating expenses | 55,624 | 59,609 | 60,194 | 69,725 |
| Operating profit (loss) | 37,187 | 47,159 | 43,146 | 1,600 |
| Operating profit margin | 8% | 10% | 9% | 0% |
| EBITDA | 159,317 | 196,011 | 193,079 | 157,617 |
| EBITDA margin | 36% | 42% | 41% | 37% |
| Net profit (loss) | 26,988 | 54,806 | 58,095 | 36,556 |
| Net profit margin | 6% | 12% | 12% | 9% |
| 2019-06 | 2020-06 | 2021-06 | |
|---|---|---|---|
| Revenue | 228,892 | 192,767 | 187,710 |
| Cost of goods sold | 176,827 | 173,762 | 174,590 |
| Gross profit (loss) | 52,065 | 19,005 | 13,120 |
| Gross profit margin | % | 23% | 7% |
| Operating expenses | 28,325 | 32,477 | 31,444 |
| Operating profit (loss) | 23,740 | -13,472 | -18,324 |
| Operating profit margin | % | 10% | -10% |
| EBITDA | 96,628 | 54,040 | |
| EBITDA margin | % | 42% | 29% |
| Net profit (loss) | 29,524 | -185 | -2,739 |
| Net profit margin | % | 13% | -1% |
Balance sheet
| 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|
| Non-current assets | 1,909,825 | 1,846,870 | 1,825,445 | 1,929,090 |
| Intangible assets | 24,445 | 21,025 | 18,681 | 21,477 |
| Tangible assets | 1,879,492 | 1,820,136 | 1,798,512 | 1,896,909 |
| Financial assets | 4,260 | 4,326 | 4,945 | 6,251 |
| Other non-current assets | 1,628 | 1,383 | 3,307 | 4,453 |
| Current assets | 155,541 | 177,198 | 226,981 | 158,849 |
| Inventories and prepaid expenses | 36,167 | 45,292 | 38,642 | 30,569 |
| Accounts receivable in one year | 35,083 | 38,477 | 80,818 | 50,635 |
| Other current assets | ||||
| Cash and cash equivalents | 83,536 | 92,832 | 105,153 | 69,499 |
| Total assets | 2,067,572 | 2,025,657 | 2,056,514 | 2,104,226 |
| Equity | 1,138,694 | 1,151,386 | 1,167,131 | 1,162,977 |
| Grants and subsidies | 520,962 | 538,882 | 556,015 | 581,384 |
| Liabilities | 403,711 | 332,525 | 330,633 | 348,952 |
| Financial liabilities | 268,533 | 210,926 | 185,080 | 207,287 |
| Long-term liabilities | 243,092 | 188,992 | 186,673 | 209,329 |
| Short-term liabilities | 134,279 | 116,768 | 126,569 | 124,349 |
| Equity and liabilities | 2,067,572 | 2,025,657 | 2,056,514 | 2,104,226 |
| 2019-06 | 2020-06 | 2021-06 | |
|---|---|---|---|
| Non-current assets | 1,818,829 | 1,895,651 | 1,924,978 |
| Intangible assets | 19,716 | 18,104 | 23,758 |
| Tangible assets | 1,793,492 | 1,867,823 | 1,890,156 |
| Financial assets | 3,916 | 4,598 | 6,242 |
| Other non-current assets | 1,705 | 5,126 | 4,822 |
| Current assets | 194,735 | 145,878 | 132,935 |
| Inventories and prepaid expenses | 41,177 | 51,439 | 45,026 |
| Accounts receivable in one year | 64,318 | 68,787 | 70,649 |
| Other current assets | |||
| Cash and cash equivalents | 89,241 | 25,652 | 17,261 |
| Total assets | 2,019,083 | 2,048,892 | 2,064,765 |
| Equity | 1,137,910 | 1,166,946 | 1,139,990 |
| Grants and subsidies | 541,709 | 565,489 | 582,677 |
| Liabilities | 335,666 | 313,011 | 337,355 |
| Financial liabilities | 166,778 | 144,684 | 162,803 |
| Long-term liabilities | 183,458 | 164,215 | 196,585 |
| Short-term liabilities | 29,740 | 25,861 | 30,193 |
| Equity and liabilities | 2,019,083 | 2,048,892 | 2,064,765 |
Financial ratios
| 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 1% | 3% | 3% | 2% |
| Return on equity (ROE) | 2% | 5% | 5% | 3% |
| Return on capital employed (ROCE) | 4% | 8% | 8% | 5% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.24 | 0.18 | 0.16 | 0.18 |
| Current Ratio | 1.16 | 1.52 | 1.79 | 1.28 |
| Quick ratio | 0.89 | 1.13 | 1.49 | 1.03 |
| Turnover ratios | ||||
| Asset turnover | 0.22 | 0.23 | 0.23 | 0.20 |
| Fixed asset turnover | 0.23 | 0.25 | 0.26 | 0.23 |
| Equity turnover | 0.40 | 0.41 | 0.41 | 0.36 |
| Profitability ratios | ||||
| EBITDA margin | 36% | 42% | 41% | 37% |
| Operating profit margin | 8% | 10% | 9% | 0% |
| Net profit margin | 6% | 12% | 12% | 9% |
| Other ratios | ||||
| Dividends to the State | 34,000.00 | 43,000.00 | 38,000.00 | 13,835.90 |
| Dividends paid / net profit | 1.26 | 0.78 | 0.65 | 0.38 |
| 2018-06 | 2019-06 | 2020-06 | 2021-06 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 1% | % | % | 2% |
| Return on equity (ROE) | 2% | % | % | 3% |
| Return on capital employed (ROCE) | 4% | -6% | 4% | -0% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.24 | 0.15 | 0.17 | |
| Current Ratio | 1.16 | 6.55 | 5.64 | 4.40 |
| Quick ratio | 0.89 | 5.16 | 3.65 | 2.91 |
| Turnover ratios | ||||
| Asset turnover | 0.22 | 0.23 | 0.09 | 0.09 |
| Fixed asset turnover | 0.23 | 0.25 | 0.10 | 0.10 |
| Equity turnover | 0.40 | 0.40 | 0.17 | 0.16 |
| Profitability ratios | ||||
| EBITDA margin | 36% | % | 42% | 29% |
| Operating profit margin | 8% | % | 10% | -10% |
| Net profit margin | 6% | % | 13% | -1% |
| Other ratios | ||||
| Dividends to the State | 34,000.00 | |||
| Dividends paid / net profit | 1.26 |
Financial statments
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
Expectations of the state
Target return on equity
5.5%
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
13.8 EUR milion
ROE
3.1%
Number of employees
8,999
Financial data provided as at end-December 2020
Management
- L. e. p. Egidijus LazauskasActing Director General
Information as of: 2022/05/01
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 GuillelmonMember of the Supervisory Board, Ermewa Holding; Senior Advisor, Nexxiot AG; Vice-President of the Board; JJM Holding Bridge the Gap (owner); Independent Member
- Dalia AndrulionienėUAB Omberg; Independent Member
- Aurimas VilkelisSwiss Post; Independent Member
- Eugenijus PreikšaUAB European Merchant Bank; Independent Member
- Agnė Amelija MikalonėMinistry of Transport and Communications
- Romas ŠvedasRomas Švedas and Partners, MB; VU TSPMI
Information as of: 2022/05/01
