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Valdymo koordinavimo centras Governance Coordination Centre

Indirectly Owned State Enterprises

Financial results

P/L Statment

2018 2019 2020
Revenue 297,782 396,467
Cost of goods sold 260,067 354,627
Gross profit (loss) 37,716 41,840
Gross profit margin % 13% 11%
Operating expenses 94 15,153 22,560
Operating profit (loss) -94 22,563 19,280
Operating profit margin % 8% 5%
EBITDA -94 45,838 43,457
EBITDA margin % 15% 11%
Net profit (loss) -80 18,668 16,277
Net profit margin % 6% 4%

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* Left axis

** Right axis

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

Balance sheet

2018 2019 2020
Non-current assets 14 191,276 210,368
Intangible assets 412 325
Tangible assets 190,864 208,916
Financial assets 1,128
Other non-current assets 14
Biological assets
Current assets 30,000 92,411 73,327
Inventories and prepaid expenses 2,054 1,309
Accounts receivable in one year 65,214 50,660
Other current assets
Cash and cash equivalents 30,000 25,143 21,358
Total assets 30,014 285,528 286,939
Equity 29,920 58,190 74,467
Minority share of capital
Grants and subsidies
Liabilities 94 223,888 208,662
Financial liabilities 158,718 149,143
Long-term liabilities 149,349 147,010
Short-term liabilities 94 74,305 61,615
Equity and liabilities 30,014 285,528 286,939

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* 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) 2% -1% 12% 6%
Return on equity (ROE) 2% -1% 42% 25%
Return on capital employed (ROCE) 2% -1% 21% 18%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 2.73 2.00
Current Ratio 40.97 319.15 1.24 1.19
Quick ratio 40.18 319.15 1.22 1.17
Turnover ratios
Asset turnover 0.16 1.89 1.39
Fixed asset turnover 0.38 3.11 1.97
Equity turnover 0.17 6.76 5.98
Profitability ratios
EBITDA margin 19% % 15% 11%
Operating profit margin 6% % 8% 5%
Net profit margin 6% % 6% 4%
Other ratios
Dividends to the State 929.40
Dividends paid / net profit 25.67

* Left axis

** Right axis

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


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About the company

  • Official nameAB „LTG CARGO“
  • Legal formPublic limited liability company (AB)
  • Company code304977594
  • SectorTransport and Communications
  • Line of businessFreight transport by rail, repair of locomotives and wagons.
  • Accountability„Lietuvos geležinkeliai“ group of companies
  • Share indirectly belonging to the State100%
https://cargo.litrail.lt/
ROE

24.5%

Number of employees

2,261

Financial data provided as at end-December 2019