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Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

LITEXPO was registered as a public limited company in 1990 and re-registered in a private limited company in 1995. Since 2006, LITEXPO is also a member of the global exhibition business association UFI. The company carries out the following economic activities: organization of meetings and business events, rent of conference halls, coordination of Lithuanian presentations at world exhibitions, design and preparation of stands, provision of food for events and other related services.

           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 2,237 1,242 4,207 6,365
Cost of goods sold 2,682 2,074 3,963 4,426
Gross profit (loss) -446 -832 244 1,938
Gross profit margin -20% -67% 6% 30%
Operating expenses 3,377 1,784 884 348
Operating profit (loss) -3,873 -2,624 -650 1,528
Operating profit margin -173% -211% -15% 24%
EBITDA -2,949 -1,895 32 2,163
EBITDA margin -132% -153% 1% 34%
Net profit (loss) -3,779 -2,482 -783 657
Net profit margin -169% -200% -19% 10%
2021-06 2022-06 2023-06 2024-06
Revenue 232 2,543 4,113 3,718
Cost of goods sold 785 1,983 2,468 2,334
Gross profit (loss) -553 559 1,645 1,385
Gross profit margin -238% 22% 40% 37%
Operating expenses 275 386 558 514
Operating profit (loss) -831 169 1,081 854
Operating profit margin -358% 7% 26% 23%
EBITDA -421 574 1,404 1,184
EBITDA margin -182% 23% 34% 32%
Net profit (loss) -875 40 733 611
Net profit margin -377% 2% 18% 16%

* 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 15,395 14,010 13,417 13,111
Intangible assets 13 6 3 2
Tangible assets 15,210 13,292 12,558 12,987
Financial assets 0 292 289 0
Other non-current assets 171 421 567 122
Current assets 145 130 1,819 1,823
Inventories and prepaid expenses 15 20 53 128
Accounts receivable in one year 86 74 336 104
Other current assets 0 0 0 700
Cash and cash equivalents 45 35 1,430 891
Total assets 15,572 14,173 15,278 15,008
Equity 8,100 5,614 4,831 7,488
Grants and subsidies 1,706 1,638 1,569 1,500
Liabilities 5,759 6,891 8,837 5,980
Financial liabilities 4,758 5,468 5,468 4,817
Long-term liabilities 55 5,847 5,644 4,586
Short-term liabilities 5,704 1,044 3,193 1,394
Equity and liabilities 15,572 14,173 15,278 15,008
2021-06 2022-06 2023-06 2024-06
Non-current assets 17,549 13,634 13,176 13,484
Intangible assets 9 5 3 1
Tangible assets 17,540 12,919 12,422 13,434
Financial assets 0 289 289 0
Other non-current assets 0 421 462 49
Current assets 30 38 97 72
Inventories and prepaid expenses 15 18 294 7
Accounts receivable in one year 115 74 658 430
Other current assets 0 0 0 1,400
Cash and cash equivalents 31 48 1,515 378
Total assets 17,741 13,812 15,740 15,769
Equity 9,827 5,653 7,564 8,797
Grants and subsidies 1,672 1,603 1,535 1,466
Liabilities 6,227 6,521 6,579 5,480
Financial liabilities 4,169 5,468 5,468 4,664
Long-term liabilities 336 5,847 5,644 4,586
Short-term liabilities 5,891 674 936 894
Equity and liabilities 17,741 13,812 15,740 15,769

* 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) -21% -17% -5% 4%
Return on equity (ROE) -38% -36% -15% 11%
Return on capital employed (ROCE) -47% -23% -6% 13%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.31 0.40 0.36 0.32
Current Ratio 0.03 0.12 0.57 1.31
Quick ratio 0.02 0.11 0.55 1.22
Turnover ratios
Asset turnover 0.14 0.09 0.28 0.42
Fixed asset turnover 0.15 0.09 0.31 0.49
Equity turnover 0.28 0.22 0.87 0.85
Profitability ratios
EBITDA margin -132% -153% 1% 34%
Operating profit margin -173% -211% -15% 24%
Net profit margin -169% -200% -19% 10%
Other ratios
Dividends to the State 0.79 0.00 0.00 0.00
Dividends paid / net profit 0.00 0.00 0.00 0.00

* 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) -24% -10% -1% 3%
Return on equity (ROE) -41% -20% -1% 7%
Return on capital employed (ROCE) -8% 1% 8% 6%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.29 0.41 0.35 0.30
Current Ratio 0.03 0.21 2.64 2.48
Quick ratio 0.02 0.18 2.32 2.47
Turnover ratios
Asset turnover 0.01 0.18 0.26 0.24
Fixed asset turnover 0.01 0.19 0.31 0.28
Equity turnover 0.02 0.45 0.54 0.42
Profitability ratios
EBITDA margin -182% 23% 34% 32%
Operating profit margin -358% 7% 26% 23%
Net profit margin -377% 2% 18% 16%
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. 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. 9 mėn. tarpinės ataskaitos 2014 m. 3 mėn. tarpinės ataskaitos 2014 m. 6 mėn. tarpinės ataskaitos
2012 m. metinės ataskaitos 2012 m. 9 mėn. tarpinės 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
2010 m. metinės ataskaitos
2011 m. metinės ataskaitos

Expectations of the state

Key performance indicator
Letter of Expectations

About the company

  • Official nameUAB Lietuvos parodų ir kongresų centras „LITEXPO“
  • Legal formPrivate limited liability company (UAB)
  • Company code120080713
  • SectorOther
  • Line of businessOrganizing exhibitions, conferences and other events
  • Institution representing the StateMinistry of the Economy and Innovation
  • Share belonging to the State99.03%
  • Contacts http://litexpo.lt/
ROE

10.7%

Number of employees

57

Financial data provided as at end-December 2023

Management

  • Vilius VaičekauskasChief Executive officer

Information as of: 2024/12/02

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Ramutė RibinskienėIndependent member

MEMBERS OF THE BOARD OF DIRECTORS

  • Mantas DubauskasIndependent member
  • Žilvinas PakeltisIndependent member; VšĮ Inovacijų agentūra
  • Aleksandras GolodIndependent member; AB Telia Lietuva
  • Rūta SteckienėMinistry of the Economy and Innovation

Information as of: 2024/12/02

VMU
ltg
RC
LP
TB
IGN
KN
IAE
EPSO