LTG Infra
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 | |
|---|---|---|---|
| Revenue | 13,844 | 222,607 | 191,863 |
| Cost of goods sold | 11,747 | 159,214 | 153,454 |
| Gross profit (loss) | 2,097 | 63,393 | 38,409 |
| Gross profit margin | 15% | 28% | 20% |
| Operating expenses | 3,550 | 37,670 | 41,531 |
| Operating profit (loss) | -1,453 | 25,724 | -3,122 |
| Operating profit margin | -10% | 12% | -2% |
| EBITDA | 4,588 | 103,148 | 65,030 |
| EBITDA margin | 33% | 46% | 34% |
| Net profit (loss) | -1,395 | 27,566 | -2,873 |
| Net profit margin | -10% | 12% | -1% |
Balance sheet
| 2019 | 2020 | 2021 | |
|---|---|---|---|
| Non-current assets | 1,396,144 | 1,491,473 | 1,503,973 |
| Intangible assets | 15,862 | 18,528 | 17,109 |
| Tangible assets | 1,380,282 | 1,472,945 | 1,486,864 |
| Financial assets | |||
| Other non-current assets | |||
| Biological assets | |||
| Current assets | 67,648 | 44,052 | 46,196 |
| Inventories and prepaid expenses | 17,288 | 5,852 | 10,820 |
| Accounts receivable in one year | 36,911 | 27,883 | 22,250 |
| Other current assets | |||
| Cash and cash equivalents | 13,450 | 4,566 | 10,921 |
| Total assets | 1,463,926 | 1,548,599 | 1,554,134 |
| Equity | 672,272 | 679,799 | 670,928 |
| Minority share of capital | |||
| Grants and subsidies | 555,248 | 580,728 | 587,241 |
| Liabilities | 232,276 | 271,366 | 266,043 |
| Financial liabilities | 145,807 | 179,600 | 160,200 |
| Long-term liabilities | 153,625 | 181,338 | 161,179 |
| Short-term liabilities | 64,251 | 75,367 | 90,171 |
| Equity and liabilities | 1,463,926 | 1,548,599 | 1,554,134 |
Financial ratios
| 2019 | 2020 | 2021 | |
|---|---|---|---|
| Capital return ratios | |||
| Return on assets (ROA) | -0% | 2% | -0% |
| Return on equity (ROE) | -0% | 4% | -0% |
| Return on capital employed (ROCE) | -0% | 5% | -0% |
| Capital structure and liquidity ratios | |||
| Debt / asset ratio (D/A) | 0.22 | 0.26 | 0.24 |
| Current Ratio | 1.05 | 0.58 | 0.51 |
| Quick ratio | 0.78 | 0.51 | 0.39 |
| Turnover ratios | |||
| Asset turnover | 0.02 | 0.15 | 0.12 |
| Fixed asset turnover | 0.02 | 0.15 | 0.13 |
| Equity turnover | 0.04 | 0.33 | 0.28 |
| Profitability ratios | |||
| EBITDA margin | 33% | 46% | 34% |
| Operating profit margin | -10% | 12% | -2% |
| Net profit margin | -10% | 12% | -1% |
| 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%
ROE
-0.4%
Number of employees
2,961
Financial data provided as at end-December 2021
Management
- Rūta JakubauskienėChief Executive Officer
Information as of: 2023/05/01
Board of Directors
CHAIRMAN OF THE BOARD OF DIRECTORS
- Gediminas AlmantasIndependent member
MEMBERS OF THE BOARD OF DIRECTORS
- Sigitas KubilisAB Lietuvos geležinkeliai
- Ieva LauraitytėAB Lietuvos geležinkeliai
- Haroldas NausėdaIndependent member
- Ramūnas RimkusMinistry of Transport and Communications
Information as of: 2023/05/01
