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Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

The company was founded on July 2, 1991 as the state road company Problematika. On March 14, 1995, the legal form was changed to a State Enterprise. As of April 1, 2011, the State Enterprise was transformed into a joint stock company. On July 7, 2021, the name of the company was changed to VIAMATIKA.
Areas of activity of the company:
– testing and analysis of the quality of road construction materials, products;
– maintenance of roads, bridges, airports, railways and other objects belonging to the group of transport communications;
– certification of construction products;
– cadastral surveys;
– other engineering-technological activities.

KEY FINANCIAL PERFORMANCE INDICATORS FOR THE PERIOD 2022-2024

  • Average annual return on equity ROE:
    • 2022–2024 ≥ 12 percent.
  • Annual ratio of financial debt to equity:
    • 2022–2024 limit 0,1–0,2 times
  • Average dividends for the calendar year:
    • 2022–2024 ≥ 65 percent. distributable profit

TARGETED SPECIFIC INDICATORS FOR THE PERIOD 2022-2024

  • EBITDA margin,%:
    • 2022 – 23,8
    • 2023 – 23,6
    • 2024 – 23,1
  • Revenue not received from LAKD, ml. EUR:
    • 2022-2024 ≥ 1,6
  • Income per employee, thousand EUR::
    • 2022 – 61,8
    • 2023 – 65,6
    • 2024 – 69,7
  • Work performed on time,%:
    • 2022-2024 > 95
  • Employee involvement,%:
    • 2022 – 45
    • 2023 – 46
    • 2024 – 47

         2020 GOOD CORPORATE GOVERNANCE INDEX       

Sk – Transparency dimension
KO – Board dimension
SP – Strategic planning and target achievement dimension
GI – Good governance ratio

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 5,138 5,472 5,748 4,744
Cost of goods sold 3,394 2,495 2,639 2,596
Gross profit (loss) 1,744 2,977 3,109 2,148
Gross profit margin 34% 54% 54% 45%
Operating expenses 1,039 1,566 1,474 1,529
Operating profit (loss) 705 1,411 1,635 619
Operating profit margin 14% 26% 28% 13%
EBITDA 1,071 1,945 2,234 1,220
EBITDA margin 21% 36% 39% 26%
Net profit (loss) 618 1,180 1,487 631
Net profit margin 12% 22% 26% 13%
2018-06 2019-06 2020-06 2021-06
Revenue 1,943 1,846 1,691 1,837
Cost of goods sold 1,427 1,033 947 1,094
Gross profit (loss) 516 813 744 743
Gross profit margin % % 44% 40%
Operating expenses 411 735 685 688
Operating profit (loss) 105 78 60 55
Operating profit margin % % 4% 3%
EBITDA 392 335
EBITDA margin % % 21% 18%
Net profit (loss) 124 95 115 92
Net profit margin % % 5% 5%

Balance sheet

2018 2019 2020 2021
Non-current assets 6,583 6,061 5,767 5,439
Intangible assets 19 14 3 3
Tangible assets 6,414 5,906 5,622 5,307
Financial assets
Other non-current assets 150 142 141 128
Current assets 799 1,823 2,262 1,157
Inventories and prepaid expenses 85 60 39 9
Accounts receivable in one year 713 371 434 877
Other current assets
Cash and cash equivalents 1 1,393 1,789 271
Total assets 7,413 7,919 8,076 6,694
Equity 6,269 6,112 6,493 5,417
Grants and subsidies
Liabilities 1,144 1,807 1,555 1,263
Financial liabilities 307 1,205 938 760
Long-term liabilities 78 42 668 524
Short-term liabilities 1,065 1,765 887 739
Equity and liabilities 7,413 7,919 8,076 6,694
2019-06 2020-06 2021-06
Non-current assets 6,315 5,879 5,457
Intangible assets 19 8 2
Tangible assets 6,146 5,729 5,313
Financial assets
Other non-current assets 150 142 141
Current assets 856 896 1,452
Inventories and prepaid expenses 80 65 239
Accounts receivable in one year 773 818 1,177
Other current assets
Cash and cash equivalents 3 12 36
Total assets 7,201 6,825 6,980
Equity 5,027 5,142 4,894
Grants and subsidies
Liabilities 2,175 1,683 2,061
Financial liabilities 668 1,098 641
Long-term liabilities 78 42 668
Short-term liabilities 18 18 416
Equity and liabilities 7,201 6,825 6,980

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 7% 15% 19% 9%
Return on equity (ROE) 8% 19% 24% 11%
Return on capital employed (ROCE) 22% 46% 50% 27%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.05 0.20 0.14 0.14
Current Ratio 0.75 1.03 2.55 1.56
Quick ratio 0.67 1.00 2.51 1.55
Turnover ratios
Asset turnover 0.61 0.71 0.72 0.64
Fixed asset turnover 0.82 0.87 0.97 0.85
Equity turnover 0.70 0.88 0.91 0.80
Profitability ratios
EBITDA margin 21% 36% 39% 26%
Operating profit margin 14% 26% 28% 13%
Net profit margin 12% 22% 26% 13%
Other ratios
Dividends to the State 1,336.50 1,105.99 1,706.00 631.01
Dividends paid / net profit 2.16 0.94 1.15 1.00
2019-06 2020-06 2021-06
Capital return ratios
Return on assets (ROA) % % 21%
Return on equity (ROE) % % 29%
Return on capital employed (ROCE) -8% 5% 4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.22 0.22
Current Ratio 47.82 48.97 3.49
Quick ratio 43.34 45.42 2.92
Turnover ratios
Asset turnover 0.51 0.24 0.27
Fixed asset turnover 0.58 0.28 0.32
Equity turnover 0.73 0.33 0.37
Profitability ratios
EBITDA margin % 21% 18%
Operating profit margin % 4% 3%
Net profit margin % 5% 5%
Other ratios
Dividends to the State
Dividends paid / net profit

Expectations of the state

Target return on equity undefined

About the company

  • Official nameAB „VIAMATIKA“
  • Legal formPublic limited liability company (AB)
  • Company code120721845
  • SectorOther
  • Line of businessConstruction analytics
  • Institution representing the StateMinistry of Transport and Communications
  • Share belonging to the State100%
https://viamatika.lt/
Return to the State

631 EUR thousand

ROE

10.6%

Number of employees

94

Financial data provided as at end-December 2021

Management

  • Artūras PalekasDirector General

Information as of: 2022/09/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Paulius ArštikysIndependent member

MEMBERS OF THE BOARD OF DIRECTORS

  • Rolandas OginskasIndependent member
  • Evelina VerikienėChief specialist of the State Property and Enterprise Management Department of the Ministry of Transport

Information as of: 2022/09/01