Company details
| Company code: | 303383884 |
| VAT identification number: | LT100008860617 |
| Head office: | Laisvės pr. 10, LT-04215 Vilnius |
| Correspondence address: | Laisvės pr. 10, LT-04215 Vilnius |
| Establishment date and register: | 2014 m. rugsėjo 22 d., Juridinių asmenų registras |
| Bank account: | LT32 7044 0901 0157 5253 |
| Bank: | AB SEB bankas |
| Shareholders: | AB „Ignitis grupė“ – 100% |
| Share capital: | EUR 41,155,000.26 |
Contact information
| E-mail: | [email protected] |
| Web: | www.ignitis.lt |
Company governance
UAB "Ignitis"
Ignitis is the largest supplier of electricity and gas in Lithuania, where it provides more than 1.4 million people with all key energy services.
The company also implements energy production solutions from renewable sources, expands electric vehicle infrastructure, offers energy efficiency and heating solutions, and provides other energy services to businesses and private customers.
Ignitis owns energy supply companies in Latvia, Estonia and Poland.
Ignitis Group companies are fully committed to build a sustainable future. You can read more about the Group's sustainability activities in the 2025 Sustainability (Corporate Social Responsibility) Report, which is part of the Group's annual report.
| Performance, EURm | Consolidated2 | Standalone |
|---|---|---|
| Revenue | 1,213.6 | 903.7 |
| Expenses | (1,229.7) | (920.9) |
| Adjusted EBITDA | (48.5) | (49.6) |
| Net profit | (25.2) | (21.0) |
| Investments | 29.0 | 11.0 |
| Assets | 467.1 | 407.6 |
| Equity | 57.5 | 57.6 |
| Liabilities | 409.5 | 350.1 |
| Number of employees | 487 | 385 |
Company details
| Company code: | 303383884 |
| VAT identification number: | LT100008860617 |
| Head office: | Laisvės pr. 10, LT-04215 Vilnius |
| Correspondence address: | Laisvės pr. 10, LT-04215 Vilnius |
| Establishment date and register: | 2014 m. rugsėjo 22 d., Juridinių asmenų registras |
| Bank account: | LT32 7044 0901 0157 5253 |
| Bank: | AB SEB bankas |
| Shareholders: | AB „Ignitis grupė“ – 100% |
| Share capital: | EUR 41,155,000.26 |
Contact information
| E-mail: | [email protected] |
| Web: | www.ignitis.lt |
Company governance
CEO
Artūras Bortkevičius
CEO
Artūras Bortkevičius is a Management Board Chair and CEO at Ignitis.
In recent years, Artūras Bortkevičius has held the position of Chief Financial Officer of the international pharmaceutical company Sandoz Pharmaceuticals in the Baltic States...
Management Committee
Artūras Bortkevičius
CEO
Artūras Bortkevičius is a Management Board Chair and CEO at Ignitis.
In recent years, Artūras Bortkevičius has held the position of Chief Financial Officer of the international pharmaceutical company Sandoz Pharmaceuticals in the Baltic States...
Andrius Kavaliauskas
Head of Private Customers
Andrius Kavaliauskas is a member of the Executive Committee of UAB Ignitis and Head of Private Customers...
Darius Šimkus
Head of Finance and Business Support
Darius Šimkus is a member of the Executive Committee of UAB Ignitis and Head of the Finance and Business Support...
Haroldas Nausėda
Head of Business Clients and Development
Haroldas Nausėda is a member of the Executive Committee of UAB Ignitis and Head of Business Clients and Development...
Tadas Adomaitis
Head of Wholesale Trading
Tadas Adomaitis is a member of the Executive Committee of UAB Ignitis and Head of Wholesale Trading...
Board
Vytenis Koryzna
Chair of the Board, shareholder representative
Vytenis Koryzna is a Member of the Management Board of Ignitis (Energy Supply – Commercial Activities) and the Chair of the Board.
V. Koryzna has more than ten years of experience in renewable energy and strategic leadership, as well as in developing business models in energy management, supply, and generation, including solar energy...
Mantas Mikalajūnas
Board Member, shareholder representative
Mantas is an executive with almost 20 years of experience in various energy sector companies both in regulatory and commercial activities as well as regulatory authority and stakeholder relations, large-scale project management...
Paulius Dambrauskas
Board Member, independent
Paulius Dambrauskas is the Chairman of the Board of UAB Kotryna Group and the head of the Alma Littera group.
Roger Hunter
Board Member, independent
Roger Hunter is Global Vice President of EV Charging at BorgWarner, with overall business accountability for Charging, leading teams across Asia, Europe and North America...
Toma Sasnauskienė
Board Member, civil servant
Toma Sasnauskienė has more than 16 years of experience in the public sector. Throughout her career, she significantly contributed to the development and improvement of...
Documents and Reports
Annual Reports
Remuneration
In accordance with applicable regulations and personal data protection principles, average salary data will not be disclosed if a company or a job category has only one employee.
Our purpose, strategy, priorities and targets
Integrated business model
Ignitis Group is a leading integrated energy group in the Baltic region. We lead the regional energy transition to strengthen competitiveness and support economic growth.
Ignitis Group is active in the Baltic states, Poland and Finland. Our integrated business model enables synergies and new business models, supported by our strong position in the Baltics - benefiting from the largest network, energy storage capacity, and customer portfolio in the Baltics.
We are utilising our integrated business model to maximise value:
UAB „Ignitis”, a part of the Customers and solutions segment, plays a significant role in the integrated business model and strategy of Ignitis Group. The company's position within the Group’s structure is available here. More information about the integrated business model and strategic priorities of the company as well as targets by its business segments is available here.
Our purpose and strategy
Our purpose is to create a 100% secure and green energy ecosystem for current and future generations. We lead the regional energy transition to strengthen competitiveness and support economic growth. By securing local, reliable energy, we strengthen regional competitiveness and economic growth, support household well‑being, enhance business competitiveness, and attract energy‑intensive industries. More information about the Group’s purpose and purpose-driven priorities is available here.
UAB „Ignitis” significantly contributes to the execution of the Group's strategy, is an integral part of the organisation and follows the Group’s strategy and stategic plan in its activities.
Strategic priorities and targets of the company
Our mindsets
We are a diverse team of energy smart people united by a common purpose. Four mindsets – simple yet powerful. United by purpose. Owning the challenge. Passion for reinvention. Pursuing excellence. Together, they yield the energy that drives everything we do. The energy generated by our choices. Our actions. Our unity.
Anti‑corruption
The company follows the Ignitis Group Anti‑corruption policy, Group Code of Ethics and Conduct, and business ethics principles. We operate responsibly and transparently – we do not tolerate any form of corruption and promote fair business practices and open communication with stakeholders. We provide secure reporting channels through the Trust line, which enables anonymous and confidential reporting of potential misconduct by employees or business partners.