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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.


         2022/23 GOOD CORPORATE GOVERNANCE INDEX

      


         2021/22 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

2019 2020 2021 2022
Revenue 5,472 5,748 4,744 4,913
Cost of goods sold 2,495 2,639 2,596 2,833
Gross profit (loss) 2,977 3,108 2,148 2,080
Gross profit margin 54% 54% 45% 42%
Operating expenses 902 974 992 1,023
Operating profit (loss) 1,411 1,635 619 383
Operating profit margin 26% 28% 13% 8%
EBITDA 1,945 2,234 1,220 979
EBITDA margin 36% 39% 26% 20%
Net profit (loss) 1,180 1,487 631 426
Net profit margin 22% 26% 13% 9%
2020-06 2021-06 2022-06 2023-06
Revenue 1,691 1,837 1,275 3,232
Cost of goods sold 947 1,094 1,209 1,619
Gross profit (loss) 744 743 66 1,613
Gross profit margin 44% 40% 5% 50%
Operating expenses 438 430 469 449
Operating profit (loss) 60 55 -726 861
Operating profit margin 4% 3% -57% 27%
EBITDA 373 335 -419 1,137
EBITDA margin 22% 18% -33% 35%
Net profit (loss) 135 92 -645 920
Net profit margin 8% 5% -51% 28%

Balance sheet

2019 2020 2021 2022
Non-current assets 6,061 5,767 5,439 5,098
Intangible assets 14 3 4 1
Tangible assets 5,906 5,622 5,307 4,991
Financial assets 0
Other non-current assets 142 141 128 106
Current assets 1,823 2,262 1,157 1,320
Inventories and prepaid expenses 60 39 9 5
Accounts receivable in one year 371 434 877 1,216
Other current assets 0
Cash and cash equivalents 1,393 1,789 271 98
Total assets 7,919 8,076 6,694 6,506
Equity 6,112 6,493 5,417 5,212
Grants and subsidies
Liabilities 1,807 1,555 1,263 1,237
Financial liabilities 1,205 938 760 711
Long-term liabilities 42 668 524 381
Short-term liabilities 1,765 887 739 856
Equity and liabilities 7,919 8,076 6,694 6,506
2020-06 2021-06 2022-06 2023-06
Non-current assets 5,879 5,457 5,316 4,918
Intangible assets 8 2 2 1
Tangible assets 5,729 5,313 5,186 4,811
Financial assets 0 0 0 0
Other non-current assets 142 141 128 106
Current assets 896 1,452 1,212 2,586
Inventories and prepaid expenses 65 239 16 24
Accounts receivable in one year 818 1,177 1,156 2,089
Other current assets 0 0 0 0
Cash and cash equivalents 12 36 40 472
Total assets 6,825 6,980 6,617 7,599
Equity 5,142 4,894 4,141 5,821
Grants and subsidies 0 0 0 0
Liabilities 1,683 2,061 2,462 1,723
Financial liabilities 1,116 1,056 1,209 425
Long-term liabilities 42 668 557 381
Short-term liabilities 1,641 1,393 1,905 1,342
Equity and liabilities 6,825 6,980 6,617 7,599

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) 15% 19% 9% 6%
Return on equity (ROE) 19% 24% 11% 8%
Return on capital employed (ROCE) 23% 23% 10% 7%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.15 0.12 0.11 0.11
Current Ratio 1.03 2.55 1.56 1.54
Quick ratio 1.00 2.51 1.55 1.54
Turnover ratios
Asset turnover 0.69 0.71 0.71 0.76
Fixed asset turnover 0.90 1.00 0.87 0.96
Equity turnover 0.90 0.89 0.88 0.94
Profitability ratios
EBITDA margin 36% 39% 26% 20%
Operating profit margin 26% 28% 13% 8%
Net profit margin 22% 26% 13% 9%
Other ratios
Dividends to the State 1,105.99 1,706.00 631.00 310.90
Dividends paid / net profit 0.94 1.15 1.00 0.73
2020-06 2021-06 2022-06 2023-06
Capital return ratios
Return on assets (ROA) 17% 21% -2% 28%
Return on equity (ROE) 24% 29% -2% 40%
Return on capital employed (ROCE) 1% 1% -15% 14%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.16 0.15 0.18 0.06
Current Ratio 0.55 1.04 0.64 1.93
Quick ratio 0.51 0.87 0.63 1.91
Turnover ratios
Asset turnover 0.25 0.26 0.19 0.43
Fixed asset turnover 0.29 0.34 0.24 0.66
Equity turnover 0.33 0.38 0.31 0.56
Profitability ratios
EBITDA margin 22% 18% -33% 35%
Operating profit margin 4% 3% -57% 27%
Net profit margin 8% 5% -51% 28%
Other ratios
Dividends to the State
Dividends paid / net profit

Expectations of the state

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

311 EUR thousand

ROE

8.0%

Number of employees

92

Financial data provided as at end-December 2022

Management

  • Anatolijus JadovasChief Executive officer

Information as of: 2024/05/02

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Paulius ArštikysIndependent member; UAB Pažinimo medis; UAB Švykų ministerija

MEMBERS OF THE BOARD OF DIRECTORS

  • Rolandas OginskasIndependent member; AB LTG Infra
  • Evelina VerikienėMinistry of Transport and Communications; UAB Lutama

Information as of: 2024/05/02