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Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

VĮ VIAMATIKA was founded in 1991 and re-registered in April 2011 as a public limited company. The company’s activities are laboratory testing and analysis of road construction materials, technical quality control and maintenance of roads and their structures, certification of road construction materials and control of requirements of these materials and others.

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 6,938 5,138 5,472 5,748
Cost of goods sold 4,227 3,394 2,495 2,639
Gross profit (loss) 2,710 1,744 2,977 3,108
Gross profit margin 39% 34% 54% 54%
Operating expenses 903 1,039 1,566 1,474
Operating profit (loss) 1,807 705 1,411 1,635
Operating profit margin 26% 14% 26% 28%
EBITDA 2,141 1,071 1,945 2,234
EBITDA margin 31% 21% 36% 39%
Net profit (loss) 1,569 618 1,180 1,487
Net profit margin 23% 12% 22% 26%
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

2017 2018 2019 2020
Non-current assets 5,880 6,583 6,061 5,767
Intangible assets 24 19 14 3
Tangible assets 5,703 6,414 5,906 5,622
Financial assets
Other non-current assets 154 150 142 141
Current assets 3,619 799 1,823 2,262
Inventories and prepaid expenses 159 85 60 39
Accounts receivable in one year 772 713 371 434
Other current assets
Cash and cash equivalents 2,687 1 1,393 1,789
Total assets 9,567 7,413 7,919 8,076
Equity 8,395 6,269 6,112 6,493
Grants and subsidies
Liabilities 1,171 1,144 1,807 1,555
Financial liabilities 307 1,205 938
Long-term liabilities 78 42 668
Short-term liabilities 1,171 1,065 1,765 887
Equity and liabilities 9,567 7,413 7,919 8,076
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
Capital return ratios
Return on assets (ROA) 7% 15% 19%
Return on equity (ROE) 8% 19% 24%
Return on capital employed (ROCE) 22% 46% 50%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.05 0.20 0.14
Current Ratio 0.75 1.03 2.55
Quick ratio 0.67 1.00 2.51
Turnover ratios
Asset turnover 0.61 0.71 0.72
Fixed asset turnover 0.82 0.87 0.97
Equity turnover 0.70 0.88 0.91
Profitability ratios
EBITDA margin 21% 36% 39%
Operating profit margin 14% 26% 28%
Net profit margin 12% 22% 26%
Other ratios
Dividends to the State 1,336.50 1,105.99 1,706.00
Dividends paid / net profit 2.16 0.94 1.15
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

8.7%

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%
http://www.problematika.lt/
Return to the State

1.7 EUR milion

ROE

23.6%

Number of employees

84

Financial data provided as at end-December 2020

Management

  • Artūras PalekasDirector General

Information as of: 2021/10/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Arvydas DarulisAB Vilniaus šilumos tinklai; Independent member

MEMBERS OF THE BOARD OF DIRECTORS

  • Rolandas OginskasIndependent member; AB LITGRID
  • Janina LaskauskienėMinistry of Transport and Communications

Information as of: 2021/10/01