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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 100,847 99,215 93,725 98,986
Cost of goods sold
Gross profit (loss) 100,847 99,215 93,725 98,986
Gross profit margin 100% 100% 100% 100%
Operating expenses
Operating profit (loss) -9,692 -17,738 -14,514 -5,498
Operating profit margin -10% -18% -15% -6%
EBITDA 8,601 716 13,046 14,258
EBITDA margin 9% 1% 14% 14%
Net profit (loss) 1,583 -6,445 4,838 5,152
Net profit margin 2% -6% 5% 5%
2021-06 2022-06 2023-06 2024-06
Revenue 52,067 45,121 54,823 55,097
Cost of goods sold 0 0 0 0
Gross profit (loss) 52,067 45,121 54,823 55,097
Gross profit margin 100% 100% 100% 100%
Operating expenses 0 0 0 0
Operating profit (loss) -4,642 -8,259 4,607 2,399
Operating profit margin -9% -18% 8% 4%
EBITDA 4,962 -599 10,026 7,615
EBITDA margin 10% -1% 18% 14%
Net profit (loss) 1,167 -4,173 5,332 2,335
Net profit margin 2% -9% 10% 4%

* 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 65,055 64,111 56,937 60,054
Intangible assets 2,984 4,332 4,289 4,459
Tangible assets 44,844 42,967 38,984 39,308
Financial assets 133 78 71 79
Other non-current assets 17,095 16,735 13,593 16,209
Current assets 49,829 48,737 58,839 64,062
Inventories and prepaid expenses 3,614 3,826 3,323 3,693
Accounts receivable in one year 35,491 19,338 20,666 22,933
Other current assets
Cash and cash equivalents 9,788 25,539 33,892 37,394
Total assets 114,884 124,161 121,883 130,093
Equity 33,696 27,251 32,089 37,240
Grants and subsidies 95 175 139 95
Liabilities 57,675 71,432 70,957 74,255
Financial liabilities 31,408 33,129 27,438 27,746
Long-term liabilities 27,324 27,535 21,390 21,631
Short-term liabilities 30,351 43,897 49,567 52,624
Equity and liabilities 114,884 124,161 121,883 130,093
2021-06 2022-06 2023-06 2024-06
Non-current assets 64,321 58,118 58,401 63,366
Intangible assets 3,418 4,190 4,178 4,600
Tangible assets 42,062 40,742 37,605 37,181
Financial assets 133 78 11 0
Other non-current assets 18,707 13,108 16,607 21,585
Current assets 19,442 0 6,688 6,724
Inventories and prepaid expenses 3,841 1,990 3,285 3,724
Accounts receivable in one year 23,125 32,374 24,859 18,635
Other current assets 0 0 0 0
Cash and cash equivalents 15,472 19,130 30,868 31,453
Total assets 126,266 111,612 124,959 123,902
Equity 34,862 23,077 37,420 36,507
Grants and subsidies 203 188 105 86
Liabilities 58,354 62,806 66,982 67,531
Financial liabilities 34,213 26,939 29,291 30,979
Long-term liabilities 30,995 21,340 23,009 24,903
Short-term liabilities 27,358 41,466 43,974 42,628
Equity and liabilities 126,266 111,612 124,959 123,902

* 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) 1% -5% 4% 4%
Return on equity (ROE) 5% -21% 16% 15%
Return on capital employed (ROCE) -16% -32% -27% -9%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.27 0.27 0.23 0.21
Current Ratio 1.64 1.11 1.19 1.22
Quick ratio 1.52 1.02 1.12 1.15
Turnover ratios
Asset turnover 0.88 0.80 0.77 0.76
Fixed asset turnover 1.55 1.55 1.65 1.65
Equity turnover 2.99 3.64 2.92 2.66
Profitability ratios
EBITDA margin 9% 1% 14% 14%
Operating profit margin -10% -18% -15% -6%
Net profit margin 2% -6% 5% 5%
Other ratios
Dividends to the State 0.00 0.00 0.00 3,067.90
Dividends paid / net profit 0.00 0.00 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) 3% -10% 12% 2%
Return on equity (ROE) 11% -41% 47% 6%
Return on capital employed (ROCE) -7% -19% 8% 4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.28 0.24 0.23 0.25
Current Ratio 1.55 1.29 1.36 1.26
Quick ratio 1.41 1.24 1.29 1.18
Turnover ratios
Asset turnover 0.41 0.40 0.44 0.44
Fixed asset turnover 0.81 0.78 0.94 0.87
Equity turnover 1.49 1.96 1.47 1.51
Profitability ratios
EBITDA margin 10% -1% 18% 14%
Operating profit margin -9% -18% 8% 4%
Net profit margin 2% -9% 10% 4%
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. 6 mėn. tarpinės ataskaitos 2016 m. 3 mėn. tarpinės 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. 3 mėn. tarpinės ataskaitos 2014 m. 9 mėn. tarpinės ataskaitos 2014 m. 6 mėn. tarpinės ataskaitos
2012 m. metinės ataskaitos
2013 m. 3 mėn. tarpinės ataskaitos 2013 m. 6 mėn. tarpinės ataskaitos 2013 m. metinės ataskaitos 2013 m. 9 mėn. tarpinės ataskaitos 2013 m. 12 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 paštas
  • Legal formPublic limited liability company (AB)
  • Company code121215587
  • SectorTransport and Communications
  • Line of businessPostal services
  • Institution representing the StateMinistry of Transport and Communications
  • Special obligationsPerformes non-commercial special obligations
  • Share belonging to the State100%
http://www.post.lt/
Return to the State

3.1 EUR milion

ROE

14.9%

Number of employees

2,683

Financial data provided as at end-December 2023

Management

  • Rolandas ZukasChief Executive Officer

Information as of: 2024/11/04

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Jūratė StanišauskienėIndependent member; UAB Legal Balance; AB Oro navigacija; MB Govern

MEMBERS OF THE BOARD OF DIRECTORS

  • Vaidotas DirmeikisIndependent member; KN Energies AB; Paloma drinks MB; VŠĮ Transporto kompetencijų agentūra
  • Liutauras VaranavičiusIndependent member
  • Vytautas VorobjovasIndependent member; UAB Dotcon; Baltpool UAB; UAB Ekommercija
  • Kristina SemėnėMinistry of Transport and Communications

Information as of: 2024/11/04

VMU
ltg
RC
LP
TB
IGN
KN
IAE
EPSO