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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 2023-2025

  • EBITDA margin,%:
    • 2023 – 22,3
    • 2024 – 22,5
    • 2025 – 22,5
  • Revenue not received from LAKD, ml. EUR:
    • 2023 – 1,9
    • 2024 – 2,0
    • 2025 – 2,0
  • Income per employee, thousand EUR::
    • 2023 – 35,8
    • 2024 – 37,2
    • 2025 – 39,0
  • Work performed on time,%:
    • 2023-2025 > 95
  • Employee recommendation index, percent of eNPs:

    • 2023 – 36
    • 2024 – 41
    • 2025 – 46

         2020 GOOD CORPORATE GOVERNANCE INDEX    

         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%
2019-06 2020-06 2021-06 2022-06
Revenue 1,846 1,691 1,837 1,275
Cost of goods sold 1,033 947 1,094 1,209
Gross profit (loss) 813 744 743 66
Gross profit margin % % % %
Operating expenses 735 685 689 792
Operating profit (loss) 78 60 55 -726
Operating profit margin % % % %
EBITDA 392 373 335 -419
EBITDA margin 21% 22% 18% -33%
Net profit (loss) 95 115 92 -645
Net profit margin 5% 7% 5% -51%

* Left axis

** Right axis

*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

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
2020-06 2021-06 2022-06
Non-current assets 5,879 5,457 5,316
Intangible assets 8 2 2
Tangible assets 5,729 5,313 5,186
Financial assets
Other non-current assets 142 141 128
Current assets 896 1,452 1,212
Inventories and prepaid expenses 65 239 16
Accounts receivable in one year 818 1,177 1,156
Other current assets
Cash and cash equivalents 12 36 40
Total assets 6,825 6,980 6,617
Equity 5,142 4,894 4,141
Grants and subsidies
Liabilities 1,683 2,061 2,462
Financial liabilities 1,116 1,056 1,209
Long-term liabilities 42 668 557
Short-term liabilities 1,641 1,393 1,905
Equity and liabilities 6,825 6,980 6,617

* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

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

* Left axis

** Right axis

*** Dividends to the state in Financial Ratios table is in EUR thousand

2019-06 2020-06 2021-06 2022-06
Capital return ratios
Return on assets (ROA) 15% % 20% -2%
Return on equity (ROE) 19% % 25% -2%
Return on capital employed (ROCE) 46% 6% 4% -27%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.20 0.22 0.14 0.29
Current Ratio 1.03 0.55 1.04 0.64
Quick ratio 1.00 0.51 0.87 0.63
Turnover ratios
Asset turnover 0.71 0.50 0.27 0.19
Fixed asset turnover 0.87 0.58 0.32 0.24
Equity turnover 0.88 0.66 0.37 0.28
Profitability ratios
EBITDA margin 36% 22% 18% -33%
Operating profit margin 26% % % %
Net profit margin 22% 7% 5% -51%
Other ratios
Dividends to the State 1,105.99
Dividends paid / net profit 0.94

Financial statments

2021 m. 6 mėn. tarpinės ataskaitos 2021 m. metinės ataskaitos
2020 m. 6 mėn. tarpinės ataskaitos 2020 m. metinės ataskaitos
2019 m. metinės ataskaitos 2019 m. 6 mėn. tarpinės ataskaitos
2018 m. metinės ataskaitos 2018 m. 6 mėn. tarpinės ataskaitos
2017 m. 6 mėn. tarpinės ataskaitos 2017 m. metinės ataskaitos
2016 m. metinės ataskaitos 2016 m. 6 mėn. tarpinės ataskaitos 2016 m. 3 mėn. tarpinės ataskaitos
2015 m. 12 mėn. tarpinės ataskaitos 2015 m. 9 mėn. tarpinės ataskaitos 2015 m. 6 mėn. tarpinės ataskaitos 2015 m. 3 mėn. tarpinės ataskaitos
2014 m. metinės ataskaitos 2014 m. 12 mėn. tarpinės ataskaitos 2014 m. 3 mėn. tarpinės ataskaitos 2014 m. 9 mėn. tarpinės ataskaitos 2014 m. 6 mėn. tarpinės ataskaitos
2012 m. metinės ataskaitos
2013 m. 3 mėn. tarpinės ataskaitos 2013 m. 6 mėn. tarpinės ataskaitos 2013 m. metinės ataskaitos 2013 m. 9 mėn. tarpinės ataskaitos 2013 m. 12 mėn. tarpinės ataskaitos
2010 m. metinės ataskaitos
2011 m. metinės ataskaitos

Expectations of the state

Target return on equity undefined

Letter of Expectations

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

  • Anatolijus JadovasChief Executive officer

Information as of: 2023/05/17

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Paulius ArštikysUAB Pažinimo medis; Independent member

MEMBERS OF THE BOARD OF DIRECTORS

  • Rolandas OginskasLitgrid AB; Independent member
  • Evelina VerikienėMinistry of Transport and Communications

Information as of: 2023/05/17