Key financial indicators 2022 (EUR million):
Revenue 535.6
Expenses (334.1)
Adjusted EBITDA 197.3
Net profit 156.1
Investments 16.5
Assets 744.8
Equity 467.4
Liabilities 277.4
Company code: 302648707
VAT identification number: LT100006256115
Head office: Elektrinės str. 21, 26108 Elektrėnai, Lithuania
Correspondence address: Laisvės pr. 10, LT-04215 Vilnius, Lithuania
Establishment date and register: 28 August 2008, Lithuanian Register of Legal Entities
Bank account: LT40 7044 0600 0020 3369
Bank: AB SEB bankas
Tel: +370 618 37392
E-mail: [email protected]
Web: www.ignitisgamyba.lt
Shareholders:
Ignitis grupė AB – 100%
Share capital:
EUR 90 000 000,12
Articles of association
Ignitis gamyba manages and develops strategic electricity generation capacities in Lithuania - Kruonis pumped storage hydroelectric power plant, Combined cycle unit and Reserve power plant in Elektrėnai complex, Kaunas hydropower plant (HPP) and Vilnius Power Plant-3.
The company helps to ensure reliability and security of the energy systems in the whole Baltic and Nordic region as well as contributes to a historical change – synchronization of the Baltic States with the Continental European grids in 2025.
Ignitis Group companies seek to develop responsible and sustainable business culture. You can read more about the Group's sustainability activities in 2022 in the Sustainability Report,, which is part of the Group's annual report.
Key financial indicators 2022 (EUR million):
Revenue 535.6
Expenses (334.1)
Adjusted EBITDA 197.3
Net profit 156.1
Investments 16.5
Assets 744.8
Equity 467.4
Liabilities 277.4
Number of employees:
367
Ignitis gamyba is part of Ignitis group companies. Therefore in its activities follows the general strategy of the Group.
Strategy
Ignitis Group's purpose is to create a 100% green and secure energy ecosystem for current and future generations.
Our values unite, motivate and inspire us: responsibility, partnership, openness and growth.
We are a diverse team of energy smart people united by a common purpose to create a 100% green and secure energy ecosystem for current and future generations.
Ignitis Group is committed to acting in a responsible and harmonious manner, thus it does not tolerate any form of corruption in its daily activities, and advocates fair business and transparent communication with all interested parties.
Asta Sungailienė has over 20 years of experience as a senior executive, mainly in financial and banking areas, venture capital, logistics, energy and production companies. A. Sungailienė held the position of CEO at Lietuvos Paštas from 2018 to 2023. Before joining Ignitis gamyba, Asta was a member of the board of EPSO-G company.
Experience
Vidmantas, who is a professional with 10+ years of experience in top-level positions in the energy sector, joined the Group in 2011 and since has served as an executive in various Group companies. During this time, he spearheaded one of the major changes in the electricity sector – market deregulation. In addition to becoming a Member of the Management Board of Group in 2018, Vidmantas has also been serving as Chair of the Supervisory Board of Ignitis Gamyba and Member of the Management Board of Ignitis Renewables. Prior to that, he had served as CEO at Energijos Tiekimas, and had led an electricity wholesale trading department at Ignitis Gamyba. He had also served as Chair and Member of the Management Board of Elektroninių Mokėjimų Agentūra and Member of the Management Board of Gamybos Optimizavimas.
Education
Stockholm School of Economics in Riga (SSE Riga), Bachelor’s degree in Economics and Business.
Owned shares of AB „Ignitis grupė“ 200.
Mindaugas Šeštokas is a professional with extensive experience in effective company management. For the last 14 years he worked in UAB “Kitron”, a company of an international group Kitron, and since 2008 he is a Managing Director of the company. He also holds the office of VP Central Eastern Europe at Kitron.
Edvardas Jatautas is an Independent Member of the Supervisory Board. He is also the owner and Chair of the Management Board of UAB “Profectus novus”.
He is the founder and president of Addendum Group Inc., founder and member of the Management Board of UAB “Addendum Solutions” and he is also a Management Board member of the Lithuanian American Business Association in Los Angeles as well as Founder and Management Board Member of SIA Addendum LV.
Edvardas is also the founder and Management Board member of OU Addendum EE.
Vilmantas Vitkauskas has more than 23 years’ experience working as a civil servant, in the Ministry of Defense and NATO Intelligence structures. For many years he held various positions in the Ministry of Defense and NATO Intelligence structures, was an Advisor to the President of the Republic of Lithuania for National Security. Currently, Vilmantas Vitkauskas is the Head of Threat Management and Crisis Prevention at the Office of the Government of the Republic of Lithuania.
Experience
Mantas, who has almost 20 years of executive experience in various energy sector’s companies, launched his career in Lietuvos Dujos. Later, he had an internship in a German energy group. After returning to Lithuania, he was working in strategic positions at Lietuvos Dujos, where he served as an executive team member and was responsible for issues related to investor relations, state authorities and the regulator as well as integration of Lietuvos Dujos into Lietuvos Energija (current Ignitis Group). Before transitioning to the current position of Group Head of Regulated Activities, Mantas had served as Head of Business Development of Ignitis Group and CEO of Lietuvos Dujų Tiekimas (later, Lietuvos Energijos Tiekimas).
Education
Vilnius University, Master’s degree in Business Administration and Management.
Owned shares of AB „Ignitis grupė“ 220.
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