LITEXPO
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.
2022/23 GOOD CORPORATE GOVERNANCE INDEX
2021/22 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% |
| 2020-06 | 2021-06 | 2022-06 | 2023-06 | |
|---|---|---|---|---|
| Revenue | 1,844 | 232 | 2,543 | 4,113 |
| Cost of goods sold | 1,665 | 785 | 1,983 | 2,468 |
| Gross profit (loss) | 179 | -553 | 559 | 1,645 |
| Gross profit margin | 10% | -238% | 22% | 40% |
| Operating expenses | 338 | 275 | 386 | 558 |
| Operating profit (loss) | -176 | -831 | 169 | 1,081 |
| Operating profit margin | -10% | -358% | 7% | 26% |
| EBITDA | 254 | -421 | 574 | 1,404 |
| EBITDA margin | 14% | -182% | 23% | 34% |
| Net profit (loss) | -211 | -875 | 40 | 733 |
| Net profit margin | -11% | -377% | 2% | 18% |
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 |
| 2020-06 | 2021-06 | 2022-06 | 2023-06 | |
|---|---|---|---|---|
| Non-current assets | 18,463 | 17,549 | 13,634 | 13,176 |
| Intangible assets | 18 | 9 | 5 | 3 |
| Tangible assets | 18,436 | 17,540 | 12,919 | 12,422 |
| Financial assets | 8 | 0 | 289 | 289 |
| Other non-current assets | 0 | 0 | 421 | 462 |
| Current assets | 933 | 161 | 140 | 2,467 |
| Inventories and prepaid expenses | 23 | 15 | 18 | 294 |
| Accounts receivable in one year | 125 | 115 | 74 | 658 |
| Other current assets | 0 | 0 | 0 | 0 |
| Cash and cash equivalents | 785 | 31 | 48 | 1,515 |
| Total assets | 19,458 | 17,741 | 13,812 | 15,740 |
| Equity | 11,669 | 9,827 | 5,653 | 7,564 |
| Grants and subsidies | 1,741 | 1,672 | 1,603 | 1,535 |
| Liabilities | 6,048 | 6,227 | 6,521 | 6,579 |
| Financial liabilities | 4,571 | 5,061 | 5,645 | 5,468 |
| Long-term liabilities | 4,470 | 336 | 5,847 | 5,644 |
| Short-term liabilities | 1,578 | 5,891 | 674 | 936 |
| Equity and liabilities | 19,458 | 17,741 | 13,812 | 15,740 |
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 |
| 2020-06 | 2021-06 | 2022-06 | 2023-06 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | -4% | -24% | -10% | -1% |
| Return on equity (ROE) | -7% | -41% | -20% | -1% |
| Return on capital employed (ROCE) | -1% | -8% | 1% | 8% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.23 | 0.29 | 0.41 | 0.35 |
| Current Ratio | 0.59 | 0.03 | 0.21 | 2.64 |
| Quick ratio | 0.58 | 0.02 | 0.18 | 2.32 |
| Turnover ratios | ||||
| Asset turnover | 0.09 | 0.01 | 0.18 | 0.26 |
| Fixed asset turnover | 0.10 | 0.01 | 0.19 | 0.31 |
| Equity turnover | 0.16 | 0.02 | 0.45 | 0.54 |
| Profitability ratios | ||||
| EBITDA margin | 14% | -182% | 23% | 34% |
| Operating profit margin | -10% | -358% | 7% | 26% |
| Net profit margin | -11% | -377% | 2% | 18% |
| 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. 9 mėn. tarpinės ataskaitos
2014 m. 3 mėn. tarpinės ataskaitos
2014 m. 6 mėn. tarpinės ataskaitos
Expectations of the state
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 State98.8%
ROE
10.7%
Number of employees
57
Financial data provided as at end-December 2023
Management
- Vladislav TeriošinActing Chief Executive officer
Information as of: 2024/06/03
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: 2024/06/03
