Ignitis Group

OverviewSuggest Edit

Ignitis Group (formerly known as Lietuvos Energija) is a company engaged in the generation, distribution, and supply of electricity and heat for people and businesses. It is active in power production and supply, power and natural gas trading and distribution, power system maintenance and development as well as the development of smart energy solutions.

TypePrivate
Founded1937
HQVilnius, LT
Websiteignitisgrupe.lt

Latest Updates

Employees (est.) (Sept 2019)3,872
Revenue (FY, 2018)€1.3 B(+14%)
Cybersecurity ratingAMore
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Key People/Management at Ignitis Group

Dominykas Tučkus

Dominykas Tučkus

Member of the Executive Board, Infrastructure & Development Director COO/CDO

Ignitis Group Office Locations

Ignitis Group has an office in Vilnius
Vilnius, LT (HQ)
Žvejų g. 14
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Ignitis Group Financials and Metrics

Summary Metrics

Founding Date

1937
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Ignitis Group Revenue

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View revenue for all periods
Ignitis Group's revenue was reported to be €1.25 b in FY, 2018 which is a 13.9% increase from the previous period.
EUR

Revenue (Q3, 2019)

394.5m

Gross profit (Q3, 2019)

83.9m

Gross profit margin (Q3, 2019), %

21.3%

Net income (Q3, 2019)

20.2m

Cash (30-Sept-2019)

136.5m
Annual
EURFY, 2016FY, 2017FY, 2018

Revenue

1.1b1.1b1.3b

Revenue growth, %

0%14%

Cost of goods sold

750.2m761.8m995.7m

Gross profit

351.4m339.0m258.5m
Quarterly
EURQ1, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

309.6m246.5m358.3m269.1m270.1m429.3m336.1m394.5m

Cost of goods sold

229.6m172.2m273.5m191.7m226.5m344.1m253.2m310.6m

Gross profit

80.0m74.3m84.8m77.4m43.6m85.2m82.9m83.9m

Gross profit Margin, %

26%30%24%29%16%20%25%21%
Annual
EURFY, 2016FY, 2017FY, 2018

Cash

178.6m171.8m127.8m

Accounts Receivable

111.9m112.6m143.1m

Inventories

38.1m56.9m43.1m

Current Assets

371.0m489.6m442.9m
Quarterly
EURQ1, 2017Q3, 2017Q1, 2018Q2, 2019Q1, 2019Q2, 2019Q3, 2019

Cash

157.7m300.4m124.4m189.2m201.1m162.3m136.5m

Accounts Receivable

105.3m94.3m125.0m98.9m120.2m95.8m97.3m

Inventories

37.9m49.6m32.1m72.2m37.6m31.1m59.8m

Current Assets

350.2m506.0m415.1m421.7m488.3m410.2m403.9m
Annual
EURFY, 2016FY, 2017FY, 2018

Net Income

118.4m93.5m(7.9m)

Depreciation and Amortization

90.9m107.6m96.7m

Accounts Payable

(3.2m)(10.1m)44.7m

Cash From Operating Activities

251.7m134.6m178.5m
Quarterly
EURQ1, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

22.0m77.1m32.1m60.0m44.2m18.8m37.5m57.7m

Depreciation and Amortization

23.5m79.8m23.6m47.5m71.2m28.4m58.0m88.9m

Accounts Payable

(18.9m)(10.1m)(16.2m)(34.0m)(2.1m)(19.2m)(60.3m)(26.2m)

Cash From Operating Activities

26.4m122.5m55.5m111.5m139.5m61.2m100.8m150.2m
EURFY, 2016

Debt/Equity

0.4 x

Debt/Assets

0.2 x

Financial Leverage

1.8 x
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Ignitis Group Operating Metrics

FY, 2014FY, 2015FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019

Customers Served

1.6 m1.6 m1.6 m

Electricity Distributed (Independent Suppliers), TWh

5.175.415.832.994.4263.134.596.171.623.114.61

Electricity Distributed, TWh

8.398.538.984.626.799.224.787.049.592.544.817.07

Electricity Generated, TWh

1.842.011.490.280.610.941.280.280.50.761.010.250.470.81
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Ignitis Group Acquisitions / Subsidiaries

Company NameDateDeal Size
Duomenų Logistikos Centras UAB
Elektroninių Mokėjimų Agentūra UAB
Elektros Tinklo Paslaugos UAB
Energetikos Paslaugų ir Rangos Organizacija UAB
Energetikų Mokymo Centras VšĮ
Energijos Skirstymo Operatorius AB
Energijos Sprendimų Centras UAB
Energijos tiekimas UAB
EURAKRAS UAB
Geton Energy OÜ
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Ignitis Group Revenue Breakdown

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Ignitis Group revenue breakdown by business segment: 8.9% from Electricity generation, 25.1% from Trade in gas , 12.8% from Trade in electricity, 44.2% from Electricity supply and distribution and gas distribution and 9.0% from Other

Ignitis Group Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

SecurityScorecard logo

Ignitis Group Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

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Ignitis Group Online and Social Media Presence

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Ignitis Group News and Updates

The SBTi validated ambitious GHG reduction targets of Ignitis Group

The Science-Based Target initiative validated ambitious GHG reduction targets of Ignitis Group

The Science-Based Target initiative validated ambitious GHG reduction targets of Ignitis Group

AB “Ignitis grupė” (hereinafter – the Group) informs that the Science Based Targets initiative (hereinafter –SBTi) validated ambitious greenhouse gas (GHG) emission reduction targets of the Group. The Group is the first Lithuanian capital company and one of just over a thousand companies globally th…

Ignitis Group to present 9M 2021 results on 30 November

AB “Ignitis grupė” (hereinafter – the Group) will release its interim report for the first nine months of 2021 on Tuesday 30 November 2021. It will be followed by an earnings call for investors and analysts to be held on the same day at 11:00 am Vilnius / 9:00 am London time.

Ignitis Group to present 9M 2021 results

Ignitis Group to present 9M 2021 results on 30 November

The General Manager is leaving Ignitis Renewables, a subsidiary of Ignitis Group

AB “Ignitis grupė” (hereinafter – the Group) hereby informs that Aleksandr Spiridonov, the General Manager of a subsidiary of the Group UAB “Ignitis renewables” (hereinafter – Ignitis Renewables or the Company), is leaving the Company by mutual agreement. Aleksandr Spiridonov will continue his caree…

Preliminary financial data of Ignitis Group for 9 months of 2021

Preliminary financial data of Ignitis Group (hereinafter – the Group) for 9 months of 2021:
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Ignitis Group Frequently Asked Questions

  • When was Ignitis Group founded?

    Ignitis Group was founded in 1937.

  • Who are Ignitis Group key executives?

    Ignitis Group's key executives are Dominykas Tučkus.

  • How many employees does Ignitis Group have?

    Ignitis Group has 3,872 employees.

  • What is Ignitis Group revenue?

    Latest Ignitis Group annual revenue is €1.3 b.

  • What is Ignitis Group revenue per employee?

    Latest Ignitis Group revenue per employee is €323.9 k.

  • Who are Ignitis Group competitors?

    Competitors of Ignitis Group include Goldenergy, Polenergia and Sky Gas & Power.

  • Where is Ignitis Group headquarters?

    Ignitis Group headquarters is located at Žvejų g. 14, Vilnius.

  • Where are Ignitis Group offices?

    Ignitis Group has an office in Vilnius.

  • How many offices does Ignitis Group have?

    Ignitis Group has 1 office.