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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.

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 6,068 7,349 6,058 2,237
Cost of goods sold 4,092 5,007 4,191 2,682
Gross profit (loss) 1,976 2,341 1,867 -446
Gross profit margin 33% 32% 31% -20%
Operating expenses 1,187 1,269 1,134 653
Operating profit (loss) 788 1,073 733 -1,099
Operating profit margin 13% 15% 12% -49%
EBITDA 1,495 1,952 1,628 -244
EBITDA margin 25% 27% 27% -11%
Net profit (loss) 707 934 599 -1,177
Net profit margin 12% 13% 10% -53%
2018-06 2019-06 2020-06 2021-06
Revenue 5,025 4,205 1,844 232
Cost of goods sold 2,843 2,151 1,665 785
Gross profit (loss) 2,183 2,054 179 -553
Gross profit margin % % 49% -238%
Operating expenses 552 566 354 278
Operating profit (loss) 1,631 1,488 -176 -831
Operating profit margin % % 35% -358%
EBITDA 1,930 -421
EBITDA margin % % 46% -182%
Net profit (loss) 1,371 1,250 -211 -875
Net profit margin % % 30% -377%

* Left axis

** Right axis

*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

Balance sheet

2017 2018 2019 2020
Non-current assets 19,548 19,486 18,867 17,997
Intangible assets 58 43 21 13
Tangible assets 19,478 19,427 18,838 17,984
Financial assets 9 16 8
Other non-current assets 3
Current assets 834 1,059 740 145
Inventories and prepaid expenses 41 44 20 15
Accounts receivable in one year 365 448 223 86
Other current assets
Cash and cash equivalents 428 567 497 45
Total assets 20,443 20,603 19,668 18,174
Equity 11,630 12,066 11,937 10,703
Grants and subsidies 1,988 1,874 1,775 1,706
Liabilities 6,806 6,584 5,915 5,759
Financial liabilities 5,908 5,726 4,771 4,758
Long-term liabilities 4,954 4,771 4,169 55
Short-term liabilities 1,852 1,812 1,746 5,704
Equity and liabilities 20,443 20,603 19,668 18,174
2019-06 2020-06 2021-06
Non-current assets 19,127 18,463 17,549
Intangible assets 29 18 9
Tangible assets 19,082 18,436 17,540
Financial assets 16 8
Other non-current assets
Current assets 1,092 933 161
Inventories and prepaid expenses 55 23 15
Accounts receivable in one year 307 125 115
Other current assets
Cash and cash equivalents 730 785 31
Total assets 20,291 19,458 17,741
Equity 12,588 11,669 9,827
Grants and subsidies 1,824 1,741 1,672
Liabilities 5,878 6,048 6,227
Financial liabilities 4,771 4,470 892
Long-term liabilities 4,771 4,470 336
Short-term liabilities 477 101 4,169
Equity and liabilities 20,291 19,458 17,741

* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

Financial ratios

2017 2018 2019 2020
Capital return ratios
Return on assets (ROA) 4% 5% 3% -6%
Return on equity (ROE) 6% 8% 5% -10%
Return on capital employed (ROCE) 9% 12% 8% -18%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.51 0.47 0.40 0.44
Current Ratio 0.45 0.58 0.42 0.03
Quick ratio 0.43 0.56 0.41 0.02
Turnover ratios
Asset turnover 0.33 0.36 0.30 0.12
Fixed asset turnover 0.35 0.38 0.32 0.12
Equity turnover 0.53 0.62 0.50 0.20
Profitability ratios
EBITDA margin 25% 27% 27% -11%
Operating profit margin 13% 15% 12% -49%
Net profit margin 12% 13% 10% -53%
Other ratios
Dividends to the State 492.42 719.27 49.78 0.79
Dividends paid / net profit 0.70 0.77 0.08 0.00

* Left axis

** Right axis

*** Dividends to the state in Financial Ratios table is in EUR thousand

2018-06 2019-06 2020-06 2021-06
Capital return ratios
Return on assets (ROA) 4% % % -10%
Return on equity (ROE) 6% % % -17%
Return on capital employed (ROCE) 9% -4% 16% -12%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.51 0.39 0.51
Current Ratio 0.45 2.29 9.28 0.04
Quick ratio 0.43 2.17 9.05 0.03
Turnover ratios
Asset turnover 0.33 0.41 0.09 0.01
Fixed asset turnover 0.35 0.44 0.10 0.01
Equity turnover 0.53 0.67 0.15 0.02
Profitability ratios
EBITDA margin 25% % 46% -182%
Operating profit margin 13% % 35% -358%
Net profit margin 12% % 30% -377%
Other ratios
Dividends to the State 492.42
Dividends paid / net profit 0.70

Financial statments

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

Target return on equity

8.3%

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 State98.76%
http://litexpo.lt/
Return to the State

1 EUR thousand

ROE

-10.4%

Number of employees

62

Financial data provided as at end-December 2020

Management

  • Justinas BortkevičiusDirector General

Information as of: 2021/10/01