• en
  • lt
Valdymo koordinavimo centras

State Owned Enterprises

AB Lietuvos Geležinkeliai was established in 1991. The Company administers and supervises the railway network operated in Lithuania. Its main activities are rail freight, passenger transportation, management, maintenance and development of public railway infrastructure. The main competitors of the company are Estonian and Latvian railway companies.

Financial results

P/L Statment

2014 2015 2016 2017
Revenue 470,355 429,521 409,524 448,100
Cost of goods sold 388,318 360,020 344,959 355,058
Gross profit 82,036 69,502 64,566 93,042
Gross profit margin 17% 16% 16% 21%
Operating expenses 59,308 69,549 69,371 55,624
Operating profit 22,729 -48 -4,805 37,418
Operating profit margin 5% -0% -1% 8%
EBITDA 139,597 120,498 122,483 156,458
EBITDA margin 30% 28% 30% 35%
Net profit 19,376 669 -5,131 26,987
Net profit margin 4% 0% -1% 6%
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Revenue 206,216 207,960 240,140 223,210
Cost of goods sold 172,182 182,696 172,362 168,153
Gross profit 34,034 25,265 67,777 55,057
Gross profit margin 17% 12% 28% 25%
Operating expenses 38,124 30,959 24,666 28,930
Operating profit -4,090 -5,694 43,112 26,127
Operating profit margin -2% -3% 18% 12%
EBITDA 60,692 60,695 95,763 85,200
EBITDA margin 29% 29% 40% 38%
Net profit -4,728 -6,058 33,046 18,642
Net profit margin -2% -3% 14% 8%

Balance sheet

2014 2015 2016 2017
Non-current assets 1,883,174 1,961,219 1,966,510 1,909,825
Intangible assets 18,406 18,061 30,745 24,445
Tangible assets 1,858,256 1,935,287 1,928,063 1,879,492
Financial assets 3,169 4,092 4,171 4,260
Other non-current assets 3,343 3,778 3,531 1,628
Biological assets 0 0 0 0
Current assets 154,229 116,575 119,577 157,748
Inventories and prepaid expenses 59,709 54,521 46,430 37,552
Accounts receivable in one year 51,056 43,294 46,737 35,905
Other non-current assets 0 4,078 5,745 755
Cash and cash equivalents 42,496 14,682 20,666 83,536
Total assets 2,037,403 2,077,793 2,086,087 2,067,572
Equity 1,014,966 1,099,419 1,094,039 1,138,694
Minority share of capital 0 0 0 0
Grants and subsidies 574,116 576,611 596,382 520,962
Liabilities 448,320 401,763 395,666 407,916
Financial liabilities 311,223 320,709 301,470 268,533
Long-term liabilities 294,145 307,238 281,795 269,218
Short-term liabilities 154,175 94,525 113,870 138,699
Equity and liabilities 2,037,403 2,077,793 2,086,087 2,067,572
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Non-current assets 1,966,510 1,942,262 1,909,825 1,870,911
Intangible assets 30,745 29,049 24,445 22,842
Tangible assets 1,928,063 1,906,305 1,879,492 1,842,167
Financial assets 4,171 3,379 4,260 4,072
Other non-current assets 3,531 3,530 1,628 1,830
Biological assets 0 0 0 0
Current assets 119,577 130,148 157,748 161,347
Inventories and prepaid expenses 46,430 44,191 37,552 46,438
Accounts receivable in one year 46,737 59,546 35,905 40,848
Other non-current assets 5,745 4,097 755 733
Cash and cash equivalents 20,666 22,316 83,536 73,328
Total assets 2,086,087 2,072,410 2,067,572 2,032,258
Equity 1,094,039 1,087,853 1,138,694 1,156,139
Minority share of capital 0 0 0 0
Grants and subsidies 596,382 605,685 520,962 519,065
Liabilities 395,666 378,872 407,916 357,054
Financial liabilities 301,470 283,076 268,533 239,795
Long-term liabilities 281,795 264,979 269,218 228,377
Short-term liabilities 113,870 113,893 138,699 128,677
Equity and liabilities 2,086,087 2,072,410 2,067,572 2,032,258

Financial ratios

2014 2015 2016 2017
Capital return ratios
Return on assets (ROA) 1% 0% -0% 1%
Return on equity (ROE) 2% 0% -0% 2%
Return on capital employed (ROCE) 2% 0% 0% 2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.15 0.15 0.14 0.13
Current Ratio 1.00 1.23 1.05 1.14
Quick ratio 0.61 0.66 0.64 0.87
Turnover ratios
Asset turnover 0.24 0.21 0.20 0.22
Fixed asset turnover 0.26 0.22 0.21 0.23
Equity turnover 0.47 0.41 0.37 0.40
Profitability ratios
EBITDA margin 30% 28% 30% 35%
Operating profit margin 5% -0% -1% 8%
Net profit margin 4% 0% -1% 6%
Other ratios
Dividends to the State 8,434.02 845.00 0.00 34,000.00
Dividends paid / net profit 0.44 1.26 0.00 1.26
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Capital return ratios
Return on assets (ROA) -0% -1% 1% 3%
Return on equity (ROE) -0% -1% 2% 5%
Return on capital employed (ROCE) 0% -0% 2% 4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.14 0.14 0.13 0.12
Current Ratio 1.05 1.14 1.14 1.25
Quick ratio 0.64 0.75 0.87 0.89
Turnover ratios
Asset turnover 0.20 0.20 0.22 0.23
Fixed asset turnover 0.21 0.21 0.23 0.24
Equity turnover 0.37 0.38 0.40 0.41
Profitability ratios
EBITDA margin 29% 29% 40% 38%
Operating profit margin -2% -3% 18% 12%
Net profit margin -2% -3% 14% 8%
Other ratios
Dividends to the State 0.00 34,000.00
Dividends paid / net profit 0.00 1.26

Expectations of the state

Target return on equity

5,5%

About the company

  • Official nameAB „Lietuvos geležinkeliai“ įmonių grupė
  • Legal formPublic limited liability company (AB)
  • Company code110053842
  • SectorTransport and Communications
  • Line of businessGeležinkelių paslaugos
  • Institution representing the StateMinistry of Transport and Communications
  • Special obligationsVykdo nekomercinius specialiuosius įpareigojimus
  • Share belonging to the State100%
http://www.litrail.lt
Return to the State

34.0 EUR milion

ROE

2.4%

Number of employees

9,968

Financial data provided as at end-December 2017

Management

  • Mantas BartuškaĮmonės direktorius (generalinis direktorius)

Information as of: 2019/03/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Romas ŠvedasNepriklausomas narys, MB Romas Švedas ir partneriai direktorius, Jungtinių Tautų Ekonominės komisijos Europai Espoo Konvencijos Įgyvendinimo komiteto pirmininkas, VU TSPMI lektorius

MEMBERS OF THE BOARD OF DIRECTORS

  • Mantas BartuškaĮmonės generalinis direktorius
  • Rolandas ZukasNepriklausomas narys, UAB „EPSO-G“ Generalinis direktorius
  • Monika Rimkūnaitė-BložėNepriklausoma narė, UAB „Mobilieji mokėjimai“ generalinė direktorė
  • Vladislav KondratovičSusisiekimo ministerijos Kelių transporto ir civilinės aviacijos politikos departamento direktorius
  • Alditas SauliusNepriklausomas narys, nepriklausomas konsultantas
  • Christian Oliver KuhnNepriklausomas narys, CK RAIL & LOGISTICS BERATUNGS-UND BETEILIGUNGSGESELLSCHAFT MBH direktorius

Information as of: 2019/03/01