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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

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%

* Left axis

** Right axis

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

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

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

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

* Left axis

** Right axis

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

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

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

50 EUR thousand

ROE

5.0%

Number of employees

74

Financial data provided as at end-December 2019