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.
Financial results
P/L Statment
2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|
Revenue | 6,122 | 6,068 | 7,349 | 6,058 |
Cost of goods sold | 3,984 | 4,092 | 5,007 | 4,191 |
Gross profit (loss) | 2,138 | 1,976 | 2,341 | 1,867 |
Gross profit margin | 35% | 33% | 32% | 31% |
Operating expenses | 1,190 | 1,187 | 1,269 | 1,134 |
Operating profit (loss) | 947 | 788 | 1,073 | 733 |
Operating profit margin | 15% | 13% | 15% | 12% |
EBITDA | 1,569 | 1,495 | 1,952 | 1,625 |
EBITDA margin | 26% | 25% | 27% | 27% |
Net profit (loss) | 812 | 707 | 934 | 599 |
Net profit margin | 13% | 12% | 13% | 10% |
2017-06-30 | 2018-06-30 | 2019-06-30 | 2020-06-30 | |
---|---|---|---|---|
Revenue | 4,081 | 5,025 | 4,205 | 1,844 |
Cost of goods sold | 2,144 | 2,843 | 2,151 | 1,665 |
Gross profit (loss) | 1,938 | 2,183 | 2,054 | 179 |
Gross profit margin | 47% | 43% | 49% | 10% |
Operating expenses | 560 | 552 | 566 | 354 |
Operating profit (loss) | 1,377 | 1,631 | 1,488 | -176 |
Operating profit margin | 34% | 32% | 35% | -10% |
EBITDA | 1,705 | 2,081 | 1,930 | 254 |
EBITDA margin | 42% | 41% | 46% | 14% |
Net profit (loss) | 215 | 244 | 1,250 | -211 |
Net profit margin | 29% | 27% | 30% | -11% |
Balance sheet
2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|
Non-current assets | 15,165 | 19,548 | 19,486 | 18,867 |
Intangible assets | 76 | 58 | 43 | 21 |
Tangible assets | 15,081 | 19,478 | 19,427 | 18,838 |
Financial assets | 8 | 9 | 16 | 8 |
Other non-current assets | 3 | |||
Biological assets | ||||
Current assets | 1,402 | 834 | 1,059 | 740 |
Inventories and prepaid expenses | 81 | 41 | 44 | 20 |
Accounts receivable in one year | 295 | 365 | 448 | 223 |
Other current assets | ||||
Cash and cash equivalents | 1,026 | 428 | 567 | 497 |
Total assets | 16,592 | 20,443 | 20,603 | 19,668 |
Equity | 11,061 | 11,630 | 12,066 | 11,937 |
Minority share of capital | ||||
Grants and subsidies | 2,144 | 1,988 | 1,874 | 1,775 |
Liabilities | 3,358 | 6,806 | 6,584 | 5,915 |
Financial liabilities | 1,627 | 5,908 | 5,726 | 4,771 |
Long-term liabilities | 1,627 | 4,954 | 4,771 | 4,169 |
Short-term liabilities | 1,731 | 1,852 | 1,812 | 1,746 |
Equity and liabilities | 16,592 | 20,443 | 20,603 | 19,668 |
2017-06-30 | 2018-06-30 | 2019-06-30 | 2020-06-30 | |
---|---|---|---|---|
Non-current assets | 18,738 | 19,867 | 19,127 | 18,463 |
Intangible assets | 70 | 45 | 29 | 18 |
Tangible assets | 18,658 | 19,810 | 19,082 | 18,436 |
Financial assets | 9 | 9 | 16 | 8 |
Other non-current assets | 3 | |||
Biological assets | ||||
Current assets | 1,565 | 1,509 | 1,092 | 933 |
Inventories and prepaid expenses | 164 | 144 | 55 | 23 |
Accounts receivable in one year | 88 | 179 | 307 | 125 |
Other current assets | ||||
Cash and cash equivalents | 1,314 | 1,186 | 730 | 785 |
Total assets | 20,302 | 21,377 | 20,291 | 19,458 |
Equity | 12,093 | 12,446 | 12,588 | 11,669 |
Minority share of capital | ||||
Grants and subsidies | 2,066 | 1,924 | 1,824 | 1,741 |
Liabilities | 6,144 | 7,008 | 5,878 | 6,048 |
Financial liabilities | 5,500 | 6,203 | 5,249 | 4,571 |
Long-term liabilities | 5,500 | 5,726 | 4,771 | 4,470 |
Short-term liabilities | 644 | 1,282 | 1,107 | 1,578 |
Equity and liabilities | 20,302 | 21,377 | 20,291 | 19,458 |
Financial ratios
2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|
Capital return ratios | ||||
Return on assets (ROA) | 5% | 4% | 5% | 3% |
Return on equity (ROE) | 7% | 6% | 8% | 5% |
Return on capital employed (ROCE) | 13% | 9% | 12% | 8% |
Capital structure and liquidity ratios | ||||
Debt / asset ratio (D/A) | 0.15 | 0.51 | 0.47 | 0.40 |
Current Ratio | 0.81 | 0.45 | 0.58 | 0.42 |
Quick ratio | 0.76 | 0.43 | 0.56 | 0.41 |
Turnover ratios | ||||
Asset turnover | 0.40 | 0.33 | 0.36 | 0.30 |
Fixed asset turnover | 0.47 | 0.35 | 0.38 | 0.32 |
Equity turnover | 0.56 | 0.53 | 0.62 | 0.50 |
Profitability ratios | ||||
EBITDA margin | 26% | 25% | 27% | 27% |
Operating profit margin | 15% | 13% | 15% | 12% |
Net profit margin | 13% | 12% | 13% | 10% |
Other ratios | ||||
Dividends to the State | 411.02 | 492.42 | 719.27 | 49.78 |
Dividends paid / net profit | 0.51 | 0.70 | 0.77 | 0.08 |
2017-06-30 | 2018-06-30 | 2019-06-30 | 2020-06-30 | |
---|---|---|---|---|
Capital return ratios | ||||
Return on assets (ROA) | 4% | 4% | 4% | -4% |
Return on equity (ROE) | 6% | 7% | 7% | -7% |
Return on capital employed (ROCE) | 9% | 16% | 16% | -2% |
Capital structure and liquidity ratios | ||||
Debt / asset ratio (D/A) | 0.51 | 0.50 | 0.42 | 0.39 |
Current Ratio | 0.45 | 1.18 | 0.99 | 0.59 |
Quick ratio | 0.43 | 1.06 | 0.94 | 0.58 |
Turnover ratios | ||||
Asset turnover | 0.33 | 0.24 | 0.20 | 0.09 |
Fixed asset turnover | 0.35 | 0.26 | 0.22 | 0.10 |
Equity turnover | 0.53 | 0.41 | 0.34 | 0.15 |
Profitability ratios | ||||
EBITDA margin | 25% | 41% | 46% | 14% |
Operating profit margin | 13% | 32% | 35% | -10% |
Net profit margin | 12% | 27% | 30% | -11% |
Other ratios | ||||
Dividends to the State | 492.42 | |||
Dividends paid / net profit | 0.70 |
Financial statments
Expectations of the state
Target return on equity
8.3%
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%
Return to the State
50 EUR thousand
ROE
5.0%
Number of employees
74
Financial data provided as at end-December 2019
Management
- Justinas BortkevičiusDirector General
Information as of: 2021/01/01
Board of Directors
CHAIRMAN OF THE BOARD OF DIRECTORS
- Giedrė Kaminskaitė-Salters Telia Lietuva, AB; Independent member
MEMBERS OF THE BOARD OF DIRECTORS
- Juras VėželisUAB SPORTLAND LT; Independent member
- Vytautas DobilasIndependent member
- Lidija BajarūnienėMinistry of the Economy and Innovation
- Rūta JovaišienėMinistry of the Economy and Innovation
Information as of: 2021/01/01