Lietuvos paštas
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 Shipments can be sent or withdrawn via LP EPXRESS couriers, the largest in Lithuania – 111 self-service terminal terminals or nearly 700 postal service points.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 |
Financial statments
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
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%
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
