Zemaitijos Pienas Logo

Zemaitijos Pienas

ISIN: LT0000121865 | Ticker: ZMP1L | LEI: 5299005U9E85Y55OHK45
Country: Lithuania

About Zemaitijos Pienas

Company Description

Origin of one of the largest and most modern milk processing enterprises in Lithuania - ŽEMAITIJOS PIENA companies - starts in 1924. According to the legend, the Telšiai milk factory, which was founded by giant DŽIUGAS in the old town of Samogitia, built in the ancient countryside, in the ancient city of Telsiai, was, quite a century ago, quite large capacity: it produced butter, cottage cheese, cream and other dairy products.

Over the years and in consultation with the best European and US firms, focusing on the introduction of new technologies using Bactocath's world-leading membrane-based milk treatment technology, has expanded the range of products produced and improved their quality.

Year founded

1924

Served area

Europe

Headcount

1,300

Headquarters

Sedos g. 35, LT-87101 Telšiai – Lithuania

Financial statements

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Line item in (eur) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Assets N/A 129,424,000.00 133,591,000.00 164,875,000.00
Noncurrent Assets N/A 59,755,000.00 64,625,000.00 66,620,000.00
Property Plant And Equipment N/A 53,130,000.00 58,853,000.00 59,520,000.00
Investment Property N/A 3,371,000.00 2,832,000.00 2,754,000.00
Intangible Assets Other Than Goodwill N/A 266,000.00 199,000.00 131,000.00
Investments In Subsidiaries Joint Ventures And Associates N/A 0.00 0.00 0.00
Deferred Tax Assets N/A 0.00 0.00 600,000.00
Other Noncurrent Financial Assets N/A 67,000.00 160,000.00 126,000.00
Noncurrent Loans And Receivables N/A 1,818,000.00 1,636,000.00 1,645,000.00
Current Assets N/A 69,669,000.00 68,966,000.00 98,255,000.00
Inventories N/A 34,043,000.00 42,871,000.00 69,045,000.00
Current Trade Receivables N/A 16,799,000.00 19,674,000.00 23,370,000.00
Current Prepayments N/A 240,000.00 293,000.00 284,000.00
Other Current Receivables N/A 2,494,000.00 2,372,000.00 3,831,000.00
Cash and cash equivalents 9,901,000.00 16,093,000.00 3,756,000.00 1,725,000.00
Equity And Liabilities N/A 129,424,000.00 133,591,000.00 164,875,000.00
Equity 86,718,000.00 96,315,000.00 98,981,000.00 102,096,000.00
Issued Capital N/A 14,029,000.00 13,449,000.00 12,104,000.00
Retained Earnings N/A 70,832,000.00 76,440,000.00 75,989,000.00
Treasury Shares N/A 3,914,000.00 8,151,000.00 389,000.00
Other Reserves N/A 12,350,000.00 14,250,000.00 11,600,000.00
Statutory Reserve N/A 1,403,000.00 1,403,000.00 1,403,000.00
Equity Attributable To Owners Of Parent N/A 94,700,000.00 97,391,000.00 100,707,000.00
Noncontrolling Interests N/A 1,615,000.00 1,590,000.00 1,389,000.00
Liabilities N/A 33,109,000.00 34,610,000.00 62,779,000.00
Noncurrent Liabilities N/A 11,714,000.00 9,533,000.00 14,016,000.00
Noncurrent Provisions For Employee Benefits N/A 3,439,000.00 3,427,000.00 3,913,000.00
Noncurrent Government Grants N/A 3,082,000.00 3,033,000.00 2,736,000.00
Deferred Tax Liabilities N/A 46,000.00 181,000.00 0.00
Noncurrent Portion Of Noncurrent Loans Received N/A 4,500,000.00 2,500,000.00 5,750,000.00
Current Liabilities N/A 21,395,000.00 25,077,000.00 48,763,000.00
Trade And Other Current Payables To Trade Suppliers N/A 12,156,000.00 15,756,000.00 20,085,000.00
Current Tax Liabilities Current N/A 1,132,000.00 66,000.00 511,000.00
Current Accrued Expenses And Other Current Liabilities N/A 5,763,000.00 6,421,000.00 6,515,000.00
Current Loans Received And Current Portion Of Noncurrent Loans Received N/A 1,500,000.00 2,000,000.00 20,735,000.00
Line item in (eur) 01.01.2020/
01.01.2021
01.01.2021/
01.01.2022
01.01.2022/
01.01.2023
Revenue 0.00 0.00 0.00
Revenue From Contracts With Customers 182,427,000.00 201,246,000.00 263,394,000.00
Profit Loss From Operating Activities 11,765,000.00 8,558,000.00 4,668,000.00
Profit Loss Before Tax 11,532,000.00 8,792,000.00 4,561,000.00
Income Tax Expense Continuing Operations 1,726,000.00 767,000.00 612,000.00
Profit (loss) 9,806,000.00 8,025,000.00 3,949,000.00
Profit Loss Attributable To Owners Of Parent 9,802,000.00 8,050,000.00 4,150,000.00
Profit Loss Attributable To Noncontrolling Interests 4,000.00 -25,000.00 -201,000.00
Line item in (eur) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Profit (loss) N/A 9,806,000.00 8,025,000.00 3,949,000.00
Adjustments For Decrease Increase In Inventories N/A -1,781,000.00 -9,032,000.00 -29,816,000.00
Adjustments For Decrease Increase In Other Operating Receivables N/A -430,000.00 184,000.00 -317,000.00
Adjustments For Increase Decrease In Trade Account Payable N/A 792,000.00 3,600,000.00 4,329,000.00
Adjustments For Increase Decrease In Other Operating Payables N/A 1,897,000.00 1,224,000.00 1,144,000.00
Other Adjustments For Noncash Items N/A -96,000.00 158,000.00 -8,596,000.00
Adjustments For Losses Gains On Disposal Of Noncurrent Assets N/A 134,000.00 -13,000.00 -52,000.00
Income Taxes Paid Refund Classified As Operating Activities N/A 1,132,000.00 -1,066,000.00 445,000.00
Cash Flows From Used In Operating Activities N/A 18,957,000.00 6,341,000.00 -23,038,000.00
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities N/A 64,000.00 193,000.00 449,000.00
Cash Advances And Loans Made To Other Parties Classified As Investing Activities N/A 940,000.00 868,000.00 2,332,000.00
Cash Receipts From Repayment Of Advances And Loans Made To Other Parties Classified As Investing Activities N/A 907,000.00 988,000.00 1,181,000.00
Interest Received Classified As Investing Activities N/A 83,000.00 89,000.00 107,000.00
Cash Flows From Used In Investing Activities N/A -3,740,000.00 -11,023,000.00 -9,178,000.00
Payments To Acquire Or Redeem Entitys Shares N/A 113,000.00 5,517,000.00 N/A
Proceeds From Borrowings Classified As Financing Activities N/A N/A 0.00 24,735,000.00
Repayments Of Borrowings Classified As Financing Activities N/A 7,998,000.00 1,500,000.00 2,750,000.00
Payments Of Lease Liabilities Classified As Financing Activities N/A 948,000.00 814,000.00 N/A
Proceeds From Government Grants Classified As Financing Activities N/A 0.00 424,000.00 88,000.00
Interest Paid Classified As Financing Activities N/A 171,000.00 84,000.00 352,000.00
Other Inflows Outflows Of Cash Classified As Financing Activities N/A 205,000.00 -164,000.00 -42,000.00
Cash Flows From Used In Financing Activities N/A -9,025,000.00 -7,655,000.00 30,185,000.00
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes N/A 6,192,000.00 -12,337,000.00 -2,031,000.00
Cash and cash equivalents 9,901,000.00 16,093,000.00 3,756,000.00 1,725,000.00

Please note that some sums might not add up.

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Capital markets information

ISIN

LT0000121865

LEI

5299005U9E85Y55OHK45

Sector

Consumer Staples

Industry Group

Food, Beverage & Tobacco

Industry

Food Products

Sub-Industry

Agricultural Products & Services

Listed Stock Exchange

Nasdaq Baltic

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