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Valdymo koordinavimo centras Governance Coordination Centre

Indirectly Owned State Enterprises

LTG Infra is part of the Lithuanian Railways group. The company’s main activity is the management, use and disposal of railway infrastructure under the right of entrustment, as well as the performance of the functions of a public railway infrastructure manager. The company was registered on 1 July 2019.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 13,844 222,607 191,863 189,165
Cost of goods sold 11,747 159,214 153,454 146,892
Gross profit (loss) 2,097 63,393 38,409 42,273
Gross profit margin 15% 28% 20% 22%
Operating expenses 3,550 37,670 41,531 51,785
Operating profit (loss) -1,453 25,724 -3,122 -9,512
Operating profit margin -10% 12% -2% -5%
EBITDA 4,588 103,148 65,030 55,517
EBITDA margin 33% 46% 34% 29%
Net profit (loss) -1,395 27,566 -2,873 -8,777
Net profit margin -10% 12% -1% -5%

Balance sheet

2019 2020 2021 2022
Non-current assets 1,396,144 1,491,473 1,503,973 1,561,514
Intangible assets 15,862 18,528 17,109 16,019
Tangible assets 1,380,282 1,472,945 1,486,864 1,545,429
Financial assets
Other non-current assets 66
Biological assets
Current assets 67,648 44,052 46,196 140,703
Inventories and prepaid expenses 17,288 5,852 10,820 5,693
Accounts receivable in one year 36,911 27,883 22,250 22,680
Other current assets
Cash and cash equivalents 13,450 4,566 10,921 112,007
Total assets 1,463,926 1,548,599 1,554,134 1,704,359
Equity 672,272 679,799 670,928 659,303
Minority share of capital
Grants and subsidies 555,248 580,728 603,031 808,340
Liabilities 232,276 271,366 250,254 229,888
Financial liabilities 145,807 179,600 160,200 143,118
Long-term liabilities 153,625 181,338 161,179 152,444
Short-term liabilities 64,251 75,367 74,382 62,747
Equity and liabilities 1,463,926 1,548,599 1,554,134 1,704,359

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) -0% 2% -0% -1%
Return on equity (ROE) -0% 4% -0% -1%
Return on capital employed (ROCE) -0% 5% -0% -1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.22 0.26 0.24 0.22
Current Ratio 1.05 0.58 0.62 2.24
Quick ratio 0.78 0.51 0.48 2.15
Turnover ratios
Asset turnover 0.02 0.15 0.12 0.12
Fixed asset turnover 0.02 0.15 0.13 0.12
Equity turnover 0.04 0.33 0.28 0.28
Profitability ratios
EBITDA margin 33% 46% 34% 29%
Operating profit margin -10% 12% -2% -5%
Net profit margin -10% 12% -1% -5%
Other ratios
Dividends to the State
Dividends paid / net profit

About the company

  • Official nameAB „LTG Infra"
  • Legal formPublic limited liability company (AB)
  • Company code305202934
  • SectorTransport and Communications
  • Line of businessManagement, use and disposal of railway infrastructure and performance of the functions of public infrastructure manager.
  • Accountability„Lietuvos geležinkeliai“ group of companies
  • Share indirectly belonging to the State100%
https://ltginfra.lt/
ROE

-1.3%

Number of employees

2,453

Financial data provided as at end-December 2022

Management

  • Vytis ŽalimasChief Executive Officer

Information as of: 2024/06/03

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Gediminas AlmantasIndependent member; AB „Novaturas“; VĮ Lietuvos oro uostai

MEMBERS OF THE BOARD OF DIRECTORS

  • Sigitas KubilisAB Lietuvos geležinkeliai
  • Ieva LauraitytėAB Lietuvos geležinkeliai
  • Haroldas NausėdaIndependent member; UAB Ignitis; Ignitis Eesti OÜ; Ignitis Suomi Oy; Ignitis Polska sp. z o.o.
  • Ramūnas RimkusMinistry of Transport and Communications

Information as of: 2024/06/03