Lietuvos paštas
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% |
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 |
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 |
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
Expectations of the state
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%
- Contacts 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