Lietuvos paštas
AB Lietuvos Paštas is the largest postal service provider in the country.
While preserving its long-standing traditions, and at the same time implementing the transformation of the century towards a modern post office, the company ensures quality postal services to every citizen of the country. Lietuvos Paštas has the widest network of post offices in Lithuania – services are provided not only at post offices, but also through mobile letter carriers and couriers, and the network of LP EXPRESS parcel machines is constantly expanding. The company also provides services such as payment of benefits, delivery of subscriptions and various financial services.
KEY FINANCIAL PERFORMANCE INDICATORS FOR THE PERIOD 2022-2024
- Annual return on equity ROE:
- 2022 ≥ 0 percent.,
- 2023 ≥ 2 percent.,
- 2024 ≥ 3 percent.
- Annual ratio of financial debt to equity:
- 2022–2024 ≤ 0,8 times
- Dividends paid for the calendar year:
- 2022–2024, 70–85 percent. from distributable profit
- 2022–2024, 70–85 percent. from distributable profit
TARGETED SPECIFIC INDICATORS FOR THE PERIOD 2022-2024
- Sales revenue per post, thousand Euros:
- 2022 – 34
- 2023 – 37
- 2024 – 40
- Reduced CO2 emissions,% (compared to 2020):
- 2022 – 10
- 2023 – 14
- 2024 – 19
- Share of sending services provided via e-channels, percent.:
- 2022 – 74
- 2023 – 77
- 2024 – 80
- Increase in market share of revenue from delivery of goods, measured at Q4 prices of the previous year, percent.:
- 2022 ≥ 1,5
- 2023 ≥ 1,5
- 2024 ≥ 1,5
- Customer satisfaction, NPS index,%:
- 2022 – 42
- 2023 – 47
- 2024 – 50
- Employee involvement,%:
- 2022 – 46
- 2023 – 47
- 2024 – 48
2020 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
| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Revenue | 88,307 | 101,177 | 100,847 | 99,215 |
| Cost of goods sold | ||||
| Gross profit (loss) | 88,307 | 101,177 | 100,847 | 99,215 |
| Gross profit margin | 100% | 100% | 100% | 100% |
| Operating expenses | 84,132 | 95,273 | 110,540 | 116,954 |
| Operating profit (loss) | 4,175 | 5,904 | -9,692 | -17,738 |
| Operating profit margin | 5% | 6% | -10% | -18% |
| EBITDA | 7,724 | 11,426 | 8,601 | 716 |
| EBITDA margin | 9% | 11% | 9% | 1% |
| Net profit (loss) | 3,680 | 5,082 | 1,583 | -6,445 |
| Net profit margin | 4% | 5% | 2% | -6% |
| 2018-06 | 2019-06 | 2020-06 | 2021-06 | |
|---|---|---|---|---|
| Revenue | 39,921 | 43,126 | 45,148 | 52,067 |
| Cost of goods sold | ||||
| Gross profit (loss) | 39,921 | 43,126 | 45,148 | 52,067 |
| Gross profit margin | % | % | 100% | 100% |
| Operating expenses | 37,595 | 41,392 | 49,739 | 56,709 |
| Operating profit (loss) | 2,325 | 1,734 | -4,591 | -4,642 |
| Operating profit margin | % | % | 4% | -9% |
| EBITDA | 4,332 | 4,962 | ||
| EBITDA margin | % | % | 10% | 10% |
| Net profit (loss) | 2,168 | 1,076 | -801 | 1,167 |
| Net profit margin | % | % | 2% | 2% |
Balance sheet
| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Non-current assets | 34,428 | 58,291 | 65,055 | 64,111 |
| Intangible assets | 2,198 | 2,377 | 2,984 | 4,332 |
| Tangible assets | 31,966 | 38,411 | 44,844 | 42,967 |
| Financial assets | 72 | 61 | 133 | 78 |
| Other non-current assets | 193 | 17,441 | 17,094 | 16,735 |
| Current assets | 20,232 | 40,869 | 49,829 | 60,050 |
| Inventories and prepaid expenses | 3,150 | 3,420 | 3,614 | 3,826 |
| Accounts receivable in one year | 6,247 | 31,244 | 35,491 | 30,651 |
| Other current assets | 5,234 | |||
| Cash and cash equivalents | 5,602 | 6,205 | 9,788 | 25,539 |
| Total assets | 68,994 | 99,160 | 114,884 | 124,161 |
| Equity | 27,030 | 32,112 | 33,696 | 27,251 |
| Grants and subsidies | 43 | 67 | 95 | 175 |
| Liabilities | 28,411 | 49,702 | 57,675 | 71,432 |
| Financial liabilities | 8,563 | 12,426 | 31,408 | 33,129 |
| Long-term liabilities | 9,586 | 18,512 | 27,324 | 27,535 |
| Short-term liabilities | 18,825 | 31,190 | 30,351 | 43,897 |
| Equity and liabilities | 68,994 | 99,160 | 114,884 | 124,161 |
| 2019-06 | 2020-06 | 2021-06 | |
|---|---|---|---|
| Non-current assets | 48,618 | 65,379 | 64,321 |
| Intangible assets | 2,029 | 2,461 | 3,418 |
| Tangible assets | 44,022 | 45,723 | 42,062 |
| Financial assets | 71 | 61 | 133 |
| Other non-current assets | 2,496 | 17,134 | 18,707 |
| Current assets | 25,519 | 31,351 | 42,437 |
| Inventories and prepaid expenses | 3,653 | 3,741 | 3,841 |
| Accounts receivable in one year | 17,119 | 18,187 | 23,125 |
| Other current assets | |||
| Cash and cash equivalents | 4,747 | 9,422 | 15,472 |
| Total assets | 106,829 | 118,496 | 126,266 |
| Equity | 28,106 | 31,312 | 34,862 |
| Grants and subsidies | 70 | 63 | 203 |
| Liabilities | 58,493 | 66,441 | 58,354 |
| Financial liabilities | 14,307 | 28,029 | 30,799 |
| Long-term liabilities | 28,241 | 34,797 | 30,995 |
| Short-term liabilities | 4,523 | ||
| Equity and liabilities | 106,829 | 118,496 | 126,266 |
Financial ratios
| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 5% | 6% | 1% | -5% |
| Return on equity (ROE) | 15% | 17% | 5% | -21% |
| Return on capital employed (ROCE) | 19% | 18% | 5% | -17% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.32 | 0.39 | 0.93 | 1.22 |
| Current Ratio | 1.07 | 1.31 | 1.64 | 1.37 |
| Quick ratio | 0.91 | 1.20 | 1.52 | 1.28 |
| Turnover ratios | ||||
| Asset turnover | 1.25 | 1.20 | 0.94 | 0.83 |
| Fixed asset turnover | 2.44 | 2.18 | 1.64 | 1.54 |
| Equity turnover | 3.51 | 3.42 | 3.06 | 3.26 |
| Profitability ratios | ||||
| EBITDA margin | 9% | 11% | 9% | 1% |
| Operating profit margin | 5% | 6% | -10% | -18% |
| Net profit margin | 4% | 5% | 2% | -6% |
| Other ratios | ||||
| Dividends to the State | ||||
| Dividends paid / net profit |
| 2018-06 | 2019-06 | 2020-06 | 2021-06 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 2% | % | % | 3% |
| Return on equity (ROE) | 7% | % | % | 11% |
| Return on capital employed (ROCE) | 7% | -5% | 2% | 2% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.47 | 0.90 | 1.01 | |
| Current Ratio | 0.96 | 9.38 | ||
| Quick ratio | 0.65 | 8.53 | ||
| Turnover ratios | ||||
| Asset turnover | 1.07 | 0.81 | 0.40 | 0.43 |
| Fixed asset turnover | 2.08 | 1.77 | 0.79 | 0.80 |
| Equity turnover | 3.42 | 3.07 | 1.52 | 1.57 |
| Profitability ratios | ||||
| EBITDA margin | 6% | % | 10% | 10% |
| Operating profit margin | 1% | % | 4% | -9% |
| Net profit margin | 2% | % | 2% | 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 undefined
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 obligationsPerformes non-commercial special obligations
- Share belonging to the State100%
ROE
-21.1%
Number of employees
3,728
Financial data provided as at end-December 2021
Management
- Asta SungailienėDirector General
Information as of: 2022/09/01
Board of Directors
CHAIRMAN OF THE BOARD OF DIRECTORS
- Mindaugas KyguolisKaunas district municipality, Independent member
MEMBERS OF THE BOARD OF DIRECTORS
- Saulius KerzaMinistry of Transport and Communications
- Alditas SauliusBanking expert; Independent member
- Arnold SchrovenIndependent member
Information as of: 2022/09/01
