Lietuvos geležinkeliai
AB Lietuvos Geležinkeliai was established in 1991. The Company administers and supervises the railway network operated in Lithuania. Its main activities are rail freight, passenger transportation, management, maintenance and development of public railway infrastructure. The main competitors of the company are Estonian and Latvian railway companies.
Financial results
P/L Statment
| 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|
| Revenue | 404,120 | 448,100 | 467,952 | 473,541 |
| Cost of goods sold | 334,750 | 355,289 | 361,184 | 370,201 |
| Gross profit (loss) | 69,370 | 92,811 | 106,768 | 103,340 |
| Gross profit margin | 17% | 21% | 23% | 22% |
| Operating expenses | 114,405 | 55,624 | 59,609 | 60,194 |
| Operating profit (loss) | -45,035 | 37,187 | 47,159 | 43,146 |
| Operating profit margin | -11% | 8% | 10% | 9% |
| EBITDA | 76,092 | 159,317 | 196,011 | 193,079 |
| EBITDA margin | 19% | 36% | 42% | 41% |
| Net profit (loss) | -52,453 | 26,988 | 54,806 | 58,095 |
| Net profit margin | -13% | 6% | 12% | 12% |
| 2017-06-30 | 2018-06-30 | 2019-06-30 | 2020-06-30 | |
|---|---|---|---|---|
| Revenue | 207,955 | 223,209 | 228,892 | 192,767 |
| Cost of goods sold | 176,018 | 168,153 | 176,827 | 173,762 |
| Gross profit (loss) | 31,937 | 55,057 | 52,065 | 19,005 |
| Gross profit margin | 15% | 25% | 23% | 10% |
| Operating expenses | 30,984 | 28,930 | 28,325 | 32,477 |
| Operating profit (loss) | 954 | 26,127 | 23,740 | -13,472 |
| Operating profit margin | 0% | 12% | 10% | -7% |
| EBITDA | 59,927 | 85,200 | 96,628 | 54,969 |
| EBITDA margin | 29% | 38% | 42% | 29% |
| Net profit (loss) | -2,475 | 4,651 | 29,524 | -185 |
| Net profit margin | 0% | 8% | 13% | -0% |
Balance sheet
| 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|
| Non-current assets | 1,958,937 | 1,909,825 | 1,846,870 | 1,825,445 |
| Intangible assets | 26,096 | 24,445 | 21,025 | 18,681 |
| Tangible assets | 1,926,923 | 1,879,492 | 1,820,136 | 1,798,512 |
| Financial assets | 4,497 | 4,260 | 4,326 | 4,945 |
| Other non-current assets | 1,421 | 1,628 | 1,383 | 3,307 |
| Biological assets | ||||
| Current assets | 116,084 | 155,541 | 177,198 | 227,138 |
| Inventories and prepaid expenses | 36,738 | 36,167 | 45,292 | 43,655 |
| Accounts receivable in one year | 53,921 | 35,083 | 38,477 | 75,962 |
| Other current assets | ||||
| Cash and cash equivalents | 20,666 | 83,536 | 92,832 | 105,153 |
| Total assets | 2,077,717 | 2,067,572 | 2,025,657 | 2,056,514 |
| Equity | 1,111,683 | 1,138,694 | 1,151,386 | 1,167,131 |
| Minority share of capital | ||||
| Grants and subsidies | 515,251 | 520,962 | 538,882 | 556,015 |
| Liabilities | 445,774 | 403,711 | 332,525 | 329,864 |
| Financial liabilities | 301,469 | 268,533 | 210,926 | 183,058 |
| Long-term liabilities | 275,089 | 243,092 | 188,992 | 175,935 |
| Short-term liabilities | 111,468 | 134,279 | 116,768 | 125,800 |
| Equity and liabilities | 2,077,717 | 2,067,572 | 2,025,657 | 2,056,514 |
| 2017-06-30 | 2018-06-30 | 2019-06-30 | 2020-06-30 | |
|---|---|---|---|---|
| Non-current assets | 1,942,262 | 1,870,911 | 1,818,829 | 1,895,651 |
| Intangible assets | 29,049 | 22,842 | 19,716 | 18,104 |
| Tangible assets | 1,906,305 | 1,842,167 | 1,793,492 | 1,867,823 |
| Financial assets | 3,379 | 4,072 | 3,916 | 4,598 |
| Other non-current assets | 3,530 | 1,830 | 1,705 | 5,126 |
| Biological assets | ||||
| Current assets | 126,052 | 160,614 | 194,735 | 145,878 |
| Inventories and prepaid expenses | 44,191 | 46,438 | 41,177 | 51,439 |
| Accounts receivable in one year | 59,546 | 40,848 | 64,318 | 68,787 |
| Other current assets | ||||
| Cash and cash equivalents | 22,316 | 73,328 | 89,241 | 25,652 |
| Total assets | 2,072,410 | 2,032,258 | 2,019,083 | 2,048,892 |
| Equity | 1,087,853 | 1,156,139 | 1,137,910 | 1,166,946 |
| Minority share of capital | ||||
| Grants and subsidies | 605,685 | 519,065 | 541,709 | 565,489 |
| Liabilities | 378,872 | 357,054 | 335,666 | 313,011 |
| Financial liabilities | 283,076 | 239,795 | 196,518 | 170,546 |
| Long-term liabilities | 264,979 | 228,377 | 183,458 | 164,215 |
| Short-term liabilities | 113,893 | 128,677 | 123,491 | 119,467 |
| Equity and liabilities | 2,072,410 | 2,032,258 | 2,019,083 | 2,048,892 |
Financial ratios
| 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | -3% | 1% | 3% | 3% |
| Return on equity (ROE) | -5% | 2% | 5% | 5% |
| Return on capital employed (ROCE) | -5% | 4% | 8% | 8% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.27 | 0.24 | 0.18 | 0.16 |
| Current Ratio | 1.04 | 1.16 | 1.52 | 1.81 |
| Quick ratio | 0.71 | 0.89 | 1.13 | 1.46 |
| Turnover ratios | ||||
| Asset turnover | 0.19 | 0.22 | 0.23 | 0.23 |
| Fixed asset turnover | 0.21 | 0.23 | 0.25 | 0.26 |
| Equity turnover | 0.37 | 0.40 | 0.41 | 0.41 |
| Profitability ratios | ||||
| EBITDA margin | 19% | 36% | 42% | 41% |
| Operating profit margin | -11% | 8% | 10% | 9% |
| Net profit margin | -13% | 6% | 12% | 12% |
| Other ratios | ||||
| Dividends to the State | 34,000.00 | 43,000.00 | 38,000.00 | |
| Dividends paid / net profit | 1.26 | 0.78 | 0.65 |
| 2017-06-30 | 2018-06-30 | 2019-06-30 | 2020-06-30 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 1% | 2% | 3% | 1% |
| Return on equity (ROE) | 2% | 4% | 6% | 2% |
| Return on capital employed (ROCE) | 4% | 3% | 4% | -0% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.24 | 0.21 | 0.17 | 0.15 |
| Current Ratio | 1.16 | 1.25 | 1.58 | 1.22 |
| Quick ratio | 0.89 | 0.89 | 1.24 | 0.79 |
| Turnover ratios | ||||
| Asset turnover | 0.22 | 0.11 | 0.11 | 0.09 |
| Fixed asset turnover | 0.23 | 0.12 | 0.12 | 0.10 |
| Equity turnover | 0.40 | 0.20 | 0.20 | 0.17 |
| Profitability ratios | ||||
| EBITDA margin | 36% | 38% | 42% | 29% |
| Operating profit margin | 8% | 12% | 10% | -7% |
| Net profit margin | 6% | 8% | 13% | -0% |
| 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 obligationsVykdo nekomercinius specialiuosius įpareigojimus
- Share belonging to the State100%
Return to the State
38.0 EUR milion
ROE
5.0%
Number of employees
9,340
Financial data provided as at end-December 2019
Management
- Mantas BartuškaDirector General
Information as of: 2020/10/01
Board of Directors
CHAIRMAN OF THE BOARD OF DIRECTORS
- Romas ŠvedasRomas Švedas and Partners, MB, UN ESPOO Convention Inplementation Committee, VU TSPMI, Independent member
MEMBERS OF THE BOARD OF DIRECTORS
- Mats Bo Knut HansonMBK Advisory AB; Independent member
- Rolandas ZukasUAB EPSO-G; Independent member
- Monika Rimkūnaitė-BložėUAB Mobilieji mokėjimai; Independent member
- Alditas SauliusBanking expert; Independent member
Information as of: 2020/10/01
