Company Litgrid AB

Equities

LGD1L

LT0000128415

Electric Utilities

Market Closed - Nasdaq Vilnius 08:48:02 2024-04-17 am EDT 5-day change 1st Jan Change
0.68 EUR 0.00% Intraday chart for Litgrid AB +0.74% -0.73%

Business Summary

LITGRID Turtas AB is a Lithuania-based company engaged in the electric energy sector. The Company’s core activities include control, operation and ownership of assets and belongings of electricity transmission system and control, management of companies performing functions of electricity transmission trading and market operator. It’s activities are structured into five divisions: Electricity Transmission, Trade in balancing/regulating electricity, Provision of Capacity Reserve Services, Public Services Obligations (PSO) electricity sales and Other Activities of Transmission System Operators. The Company operates through its subsidiaries include LITGRID AB, which is involved in the activities related to the electricity transmission system operator, and TETAS UAB, which is active in transformer substation, distribution station design, construction, repair and maintenance services. In January 2014, the Company established new subsidiary, UAB Tinklo prieziuros centras.

Number of employees: 410

Sales per Business

EUR in Million2022Weight2023Weight Delta
Congestion Management
39.3 %
2 0.5 % 145 39.3 % +7,573.58%
Trade in Balancing/Imbalance Electricity
29.3 %
175 41.7 % 108 29.3 % -38.19%
Electricity Transmission
17.4 %
73 17.3 % 64 17.4 % -11.50%
Electricity Ancillary (System) Services
7.6 %
137 32.6 % 28 7.6 % -79.59%
Other Electricity - Related Services
4.0 %
1 0.3 % 15 4.0 % +1,186.56%
Other Sales of Electricity and Related Services
1.6 %
2 0.5 % 6 1.6 % +189.73%
Interest on Late Payment and Default Charges
0.4 %
1 0.2 % 2 0.4 % +131.18%
Property Rental
0.1 %
1 0.1 % 1 0.1 % +3.18%
Sale of Property
0.1 %
- - 0 0.1 % -
Other Income
0.1 %
0 0.0 % 0 0.1 % +204.00%
Administration of Guarantees of Origin
0.0 %
0 0.0 % 0 0.0 % -39.53%
Connection of Producers and Relocation of Electrical Installations
0.0 %
0 0.0 % 0 0.0 % 0.00%

Sales per region

EUR in Million2022Weight2023Weight Delta
Lithuania
82.8 %
344 81.9 % 306 82.8 % -11.01%
Estonia
8.0 %
44 10.4 % 30 8.0 % -32.67%
Other Countries
4.0 %
1 0.3 % 15 4.0 % +1,089.86%
Sweden
2.3 %
16 3.8 % 9 2.3 % -45.13%
Norway
1.3 %
8 1.9 % 5 1.3 % -38.56%
Poland
0.9 %
6 1.4 % 3 0.9 % -42.63%
Latvia
0.6 %
1 0.3 % 2 0.6 % +53.38%

Managers

Managers TitleAgeSince
Chief Executive Officer 55 21-02-21
Director of Finance/CFO - 19-02-28
Chief Administrative Officer - 16-10-31
Comptroller/Controller/Auditor - -
Corporate Officer/Principal - -
Corporate Officer/Principal - -
Corporate Officer/Principal 62 11-03-31

Members of the board

Members of the board TitleAgeSince
Corporate Officer/Principal 62 11-03-31
Director/Board Member 48 16-07-28
Director/Board Member 48 23-06-11
Director/Board Member 44 22-12-21
Director/Board Member - 22-04-19
Chairman - 22-04-19

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 504,331,380 12,595,151 ( 2.497 %) 0 2.497 %

Shareholders

NameEquities%Valuation
Government of Lithuania
97.50 %
491,736,153 97.50 % 356 M €

Company contact information

Litgrid AB

Karlo Gustavo Emilio Manerheimo g. 8

05131, Vilnius

+370 707 02171

http://www.litgrid.eu
address Litgrid AB(LGD1L)