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Valdymo koordinavimo centras

State Owned Enterprises

In 1918 November 16, the Lithuanian Post Board was established, which took care of postal activities in the restored state of Lithuania. 1991 After the decision to reorganize the Lithuanian communications management structure, a state enterprise (VĮ) Lietuvos paštas was established. 2006 the company was reorganized into a stock company (AB) Lietuvos paštas. Lietuvos Paštas AB has the widest network of service locations in the country and provides not only postal, but also logistics and financial services.

Lietuvos Paštas AB is the designated provider of universal postal services in Lithuania. “Baltic Post” provides a courier service. UAB “Baltic Post” manages the LP EXPRESS brand, which develops the activities of courier and parcel self-service terminals. Today, the Lithuanian Post Group offers the widest range of shipping and delivery options in the country. Shipments can be sent or withdrawn via LP EPXRESS couriers, the largest in Lithuania – 111 self-service terminal terminals or nearly 700 postal service points.

Financial results

P/L Statment

2016 2017 2018 2019
Revenue 71,909 76,940 88,307 93,357
Cost of goods sold
Gross profit (loss) 71,909 76,940 88,307 93,357
Gross profit margin 100% 100% 100% 100%
Operating expenses 72,384 75,840 84,132 88,279
Operating profit (loss) -476 1,100 4,175 5,078
Operating profit margin -1% 1% 5% 5%
EBITDA 2,316 4,351 7,724 11,337
EBITDA margin 3% 6% 9% 12%
Net profit (loss) 19 1,573 3,680 5,082
Net profit margin 0% 2% 4% 5%
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Revenue 35,402 39,921 43,126 45,581
Cost of goods sold
Gross profit (loss) 35,402 39,921 43,126 45,581
Gross profit margin 100% 100% 100% 100%
Operating expenses 36,673 37,595 41,392 46,083
Operating profit (loss) -1,271 2,325 1,734 -502
Operating profit margin -4% 6% 4% -1%
EBITDA 319 4,098 4,319 2,876
EBITDA margin 1% 10% 10% 6%
Net profit (loss) -71 463 1,076 -801
Net profit margin -2% 5% 3% -2%

Balance sheet

2016 2017 2018 2019
Non-current assets 36,299 37,850 34,428 58,291
Intangible assets 4,980 5,023 2,198 2,377
Tangible assets 30,922 32,709 31,966 40,652
Financial assets 261 72 72 61
Other non-current assets 136 46 193 15,200
Biological assets
Current assets 23,298 21,046 20,232 22,795
Inventories and prepaid expenses 7,239 6,823 3,150 3,420
Accounts receivable in one year 6,355 5,397 6,247 9,162
Other current assets 3,832 2,966 5,234 4,009
Cash and cash equivalents 4,843 5,860 5,602 6,205
Total assets 71,215 72,059 68,994 99,160
Equity 21,698 23,271 27,030 32,112
Minority share of capital
Grants and subsidies 12 33 43 67
Liabilities 35,207 28,228 28,411 49,702
Financial liabilities 10,497 10,939 8,563 12,426
Long-term liabilities 5,405 6,245 9,586 18,512
Short-term liabilities 29,802 21,983 18,825 31,190
Equity and liabilities 71,215 72,059 68,994 99,160
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Non-current assets 36,196 37,083 48,618 65,379
Intangible assets 4,931 5,017 2,029 2,461
Tangible assets 30,760 31,947 44,022 45,723
Financial assets 279 73 71 61
Other non-current assets 226 46 2,496 17,134
Biological assets
Current assets 35,177 38,476 25,519 31,351
Inventories and prepaid expenses 19,014 22,177 3,653 3,741
Accounts receivable in one year 4,975 6,619 17,119 18,187
Other current assets 6,874 5,519
Cash and cash equivalents 4,314 4,162 4,747 9,422
Total assets 72,297 75,559 106,829 118,496
Equity 20,838 25,439 28,106 31,312
Minority share of capital
Grants and subsidies 11 32 70 63
Liabilities 51,448 50,088 58,493 66,441
Financial liabilities 14,916 5,776 14,307 16,619
Long-term liabilities 15,258 6,525 28,241 34,797
Short-term liabilities 36,190 43,563 29,537 31,644
Equity and liabilities 72,297 75,559 106,829 118,496

Financial ratios

2016 2017 2018 2019
Capital return ratios
Return on assets (ROA) 0% 2% 5% 6%
Return on equity (ROE) 0% 7% 15% 17%
Return on capital employed (ROCE) 1% 7% 19% 17%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.48 0.47 0.32 0.39
Current Ratio 0.78 0.96 1.07 0.73
Quick ratio 0.54 0.65 0.91 0.62
Turnover ratios
Asset turnover 1.06 1.07 1.25 1.11
Fixed asset turnover 2.00 2.08 2.44 2.01
Equity turnover 3.26 3.42 3.51 3.16
Profitability ratios
EBITDA margin 3% 6% 9% 12%
Operating profit margin -1% 1% 5% 5%
Net profit margin 0% 2% 4% 5%
Other ratios
Dividends to the State
Dividends paid / net profit
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Capital return ratios
Return on assets (ROA) 2% 6% 3% 3%
Return on equity (ROE) 7% 20% 10% 11%
Return on capital employed (ROCE) 7% 17% 4% -1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.47 0.50 0.51 0.90
Current Ratio 0.96 0.88 0.86 0.99
Quick ratio 0.65 0.37 0.74 0.87
Turnover ratios
Asset turnover 1.07 0.54 0.47 0.40
Fixed asset turnover 2.08 1.09 1.01 0.80
Equity turnover 3.42 1.73 1.61 1.53
Profitability ratios
EBITDA margin 6% 10% 10% 6%
Operating profit margin 1% 6% 4% -1%
Net profit margin 2% 5% 3% -2%
Other ratios
Dividends to the State
Dividends paid / net profit

Expectations of the state

Target return on equity

9.0%

About the company

  • Official nameAB Lietuvos pašto įmonių grupė
  • Legal formPublic limited liability company (AB)
  • Company code121215587
  • SectorTransport and Communications
  • Line of businessPostal services
  • Institution representing the StateMinistry of Transport and Communications
  • Special obligationsVykdo nekomercinius specialiuosius įpareigojimus
  • Share belonging to the State100%
http://www.post.lt/
ROE

17.2%

Number of employees

4,753

Financial data provided as at end-December 2019

Management

  • Asta SungailienėDirector General

Information as of: 2020/10/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Mindaugas KyguolisIndependent member

MEMBERS OF THE BOARD OF DIRECTORS

  • Saulė BalčiūnienėGlobal HR Director, Incell International AB; Independent member
  • Saulius KerzaMinistry of Transport and Communications
  • Tomas JackevičiusAB Lietuvos geležinkeliai

Information as of: 2020/10/01