Litgrid AB - Company Profile
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Litgrid AB (Litgrid), a subsidiary of EPSO-G, is an electricity transmission system operator. The company maintains a national power system and controls electricity flows in the country. It integrates the national power system into the European power infrastructure and electricity market. The company administers electricity cross-border links such as Lithuania-Sweden (NordBalt) and Lithuania-Poland (LitPol Link). The company provides repair and maintenance services to medium-voltage transformer substations. It also offers distribution station reconstruction services. The company serves electricity transmission grid users and suppliers in Poland, Lithuania, Norway, Latvia, Sweden, Italy, Estonia, and other countries. Litgrid is headquartered in Vilnius, Lithuania.
Headquarters
Lithuania
Address
Karlo Gustavo Emilio Manerheimo G. 8, Vilnius, 05131
Website
www.litgrid.eu
Telephone
370 5 2782777
No of Employees
409
Industry
Power
Ticker Symbol & Exchange
LGD1L (VSE)
Revenue (2022)
$442.0M
55.3%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-347.3%
(2022 vs 2021)
Market Cap*
$373.4M
Net Profit Margin (2022)
XYZ
-259.1%
(2022 vs 2021)
* As of and is in US$
Litgrid AB premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Power | Electricity Transmission Services |
| Grid Services to Third Parties | |
| Trade | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Plans/Strategy | In October, the company announced its plans to reconstruct the line Lietuvos elektrine-Neris buys design works. |
| 2023 | Contracts/Agreements | In October, the company entered into an agreement for the installation of an emergency restoration system for electricity transmission lines. |
| 2023 | Plans/Strategy | In March, the company announced its updated strategy until 2030. |
Competitor Comparison
| Key Parameters | Litgrid AB | Svenska Kraftnat | Latvenergo AS | Augstsprieguma tikls AS | Austrian Power Grid AG |
|---|---|---|---|---|---|
| Headquarters | Lithuania | Sweden | Latvia | Latvia | Austria |
| City | Vilnius | Sundbyberg | Riga | Riga City | Vienna |
| State/Province | - | Stockholm | Riga | Riga | Wien |
| No. of Employees | 409 | 902 | 3,316 | - | 450 |
| Entity Type | Public | Government | Private | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Tomas Varneckas | Chairman | Executive Board | 2022 | - |
| Vidmantas Grusas | Director - Transmission Network Department | Senior Management | 2020 | - |
| Liutauras Varanavicius | Director - Strategy Department | Senior Management | - | - |
| Apolinaras Skikunas | Director - ITT and Administration Department | Senior Management | - | - |
| Rokas Masiulis | General Manager | Senior Management | 2021 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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