AB K2 LT Annual information Interim results for the year 2022
AB "K2 LT" unaudited revenue for 2022 reached €2.22 million, a decrease of 12% compared to 2021. This is mainly influenced by the 2022 mortality rate in Lithuania decrease of 16% compared to 2021 and the market share of cremations made increase from 19% to 20.6% of total mortality in Lithuania.
The company achieved EBITDA of €1.07 million and, compared to 2020 (€1.58million) was 32% lower, while the net profit amounted to €0.72 million. This was influenced mainly by two fatctors - decrease in revenue and increase in energy costs.
It is expected that death rate remain similar in 2023 and the company sees cremation rates to remain over 8,000, revenue above €2 million and EBITDA at €1 million
Subsidiary "Rekviem LT" in 2022 reached €0.84 million revenue and €0.09 million pre-tax profit. In 2023 it is expected to reach €1 million revenue and €0.27 million EBITDA.
Bernardas Vilkelis
CEO
bernardas@k2lt.lt
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K2LT FA preliminari 2022 skelbimui-s0228-1.pdf
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K2 LT AB published this content on 28 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 February 2023 14:51:06 UTC.
