February 25, 2017 8:18 PM ET

Electric Utilities

Company Overview of Lesto AB

Company Overview

As of January 1, 2016, Lesto AB was acquired by AB Energijos Skirstymo Operatorius. Lesto AB, together with its subsidiaries, distributes and supplies electric power in Lithuania. The company operates medium and low voltage electricity distribution network. It serves 1,561,059 residential customers and 66,179 business customers; and operates 122,797 kilometers length of electricity lines. The company also offers power network engineering, construction, repair, and maintenance services, as well as customer connection to the grid services. In addition, it provides real estate and transport rental, administration, and real estate management services. The company was founded in 2001 and is based...

Aguonu st. 26

Vilnius,  3212

Lithuania

Founded in 2001

2,178 Employees

Phone:

370 85 2777524

Fax:

370 85 2777514

Key Executives for Lesto AB

Lesto AB does not have any Key Executives recorded.

Lesto AB Key Developments

LESTO AB Announces Audited Group and Company Earnings Results for the Year Ended December 31, 2015

LESTO AB announced audited group and company earnings results for the year ended December 31, 2015. For the year, on group basis, the company reported revenue of EUR 585,534,000 compared to EUR 665,160,000 a year ago. Operating profit was of EUR 89,504,000 compared to loss of EUR 190,676,000 a year ago. Profit before tax was EUR 88,198,000 compared to loss before tax of EUR 192,542,000 a year ago. Net profit for the year was EUR 75,441,000 compared to net loss for the year of EUR 163,787,000 a year ago. Net profit for the year attributable to owners of the company was EUR 75,136,000 or EUR 0.124 per basic and diluted share compared to loss of EUR 164,025,000 or EUR 0.272 per basic and diluted share a year ago. Net cash generated from operating activities was EUR 119,567,000 compared to EUR 106,894,000 a year ago. Purchase of property, plant and equipment, intangible assets and investment property of EUR 125,562,000 compared to EUR 102,691,000 a year ago. EBITDA was EUR 128,857,000 compared to EUR 135,116,000 a year ago. Net financial debt was EUR 227,953,000 compared to EUR 217,969,000 a year ago. Return on equity was 17.54% compared to negative return on equity of 24.63%. ROA was 8.55% compared to negative ROA of 14.60% a year ago. For the year, on company basis, the company reported revenue of EUR 580,961,000 compared to EUR 650,710,000 a year ago. Operating profit was of EUR 86,897,000 compared to loss of EUR 191,736,000 a year ago. Profit before tax was EUR 85,514,000 compared to loss before tax of EUR 193,552,000 a year ago. Net profit for the year was EUR 72,547,000 compared to net loss for the year of EUR 164,601,000 a year ago. Net profit for the year attributable to owners of the company was EUR 72,547,000 or EUR 0.120 per basic and diluted share compared to loss of EUR 164,601,000 or EUR 0.273 per basic and diluted share a year ago. Net cash generated from operating activities was EUR 106,924,000 compared to EUR 101,544,000 a year ago. Purchase of property, plant and equipment, intangible assets and investment property of EUR 114,243,000 compared to EUR 97,822,000 a year ago. EBITDA was EUR 124,830,000 compared to EUR 128,889,000 a year ago.

Lesto AB Reports Earnings Results for the Year 2015

Lesto AB reported earnings results for the year 2015. For the year, the company saw its annual revenue decline by 10.6% to EUR 581.783 million. The company turned a net profit of EUR 72.847 million against a loss of EUR 164.601 million in 2014. The company’s EBITDA came in at EUR 125.130 million in 2015, down 2.9% from EUR 128.889 million in 2014.

Lesto AB, Board Meeting, Dec 31, 2015

Lesto AB, Board Meeting, Dec 31, 2015. Agenda: To consider Mr. Liudas Liutkevicius has been elected as a Chairman of the board and a managing director of AB Energijos Skirstymo Operatorius.

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