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

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 2024 Sustainability (Corporate Social Responsibility) Report, which is part of the Group's annual report.

Our purpose, strategy, priorities and targets

Performance 2024
Performance, EURmConsolidated2Standalone
Revenue

1 227.0

969.5

Expenses

(1 188.0)

(938.5)

Adjusted EBITDA

7.1

(0.9)

Net profit

(21.5)

20.9

Investments

25.8

12.5

Assets

479.4

439.6

Equity

80.9

70.1

Liabilities

398.5

369.5

Number of employees

450

384

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

Company governance

CEO

Artūras Bortkevičius

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...

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Management Committee

Artūras Bortkevičius

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...

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Andrius Kavaliauskas

Andrius Kavaliauskas

Head of B2C

Andrius Kavaliauskas joined the Lietuvos Energija group in 2018 and became the Director of the Private Customers and Service Development Department of Lietuvos Energijos Tiekimas...

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Darius Šimkus

Darius Šimkus

CFO

Darius Šimkus began his career in the energy sector in 2018 after joining Energijos Tiekimas as Risk Management team lead...

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Haroldas Nausėda

Haroldas Nausėda

Head of B2B

Since 1 June 2019, Haroldas Nausėda has been a Member of the Management Board of Ignitis and Chief Business Customer and Development Officer at Ignitis...

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Tadas Adomaitis

Tadas Adomaitis

Head of Wholesale

Tadas Adomaitis is a Member of the Management Board and Chief Wholesale Officer at Ignitis.

Tadas Adomaitis started his career in the energy sector in 2007. In 2012, he started working for Klaipedos Nafta, where he...

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Board

Vidmantas Salietis

Vidmantas Salietis

Chair of the Board, shareholder representative

Mr. Salietis, who has 7 years of executive experience, joined Ignitis Group in 2011. Since 1 February he holds the position of Chief Commercial Officer...

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Mantas Mikalajūnas

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...

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Paulius Dambrauskas

Paulius Dambrauskas

Board Member, independent
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Roger Hunter

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...

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Toma Sasnauskienė

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...

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Our purpose, strategy, priorities and targets​

Integrated business model​

Ignitis Group is a renewables-focused integrated utility, benefiting from the largest customer portfolio, energy storage facility and network in the Baltics. Ignitis Group is active in the Baltic states, Poland and Finland. We are leveraging our largest customer portfolio, energy storage facility, and network in the Baltics. We are utilising our integrated business model to maximise potential and:​

  • deliver 4–5 GW of installed green generation and green flexibility capacity by 2030;​

  • expand a resilient and efficient network that enables electrification;​

  • utilise and further expand our customer portfolio to enable the Green Capacities build-out;​

  • contribute to the security of the energy system.​

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% green and secure energy ecosystem for current and future generations. ​

We are strengthening our contribution to Europe’s decarbonisation and energy security in the region while accelerating the energy transition and electrification in the Baltics and Poland. 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

  1. Customers and solutions segment’s priorities are available here. More information about its goals is provided in the integrated strategic plan of the Group.
  2. People. We are contributing to Ignitis Group’s purpose and strategic priorities by building a diverse team of energy smart people.
  3. Sustainability and ESG. As part of our strategy, we focus on reducing greenhouse gas emissions while following the science-based targets, promoting safety at work with a focus on TRIR and zero fatalities, taking care of the employee experience through initiatives related to well-being, education and growth, ensuring fair pay, promoting diversity and inclusion, encouraging diversity among top executives, and creating sustainable value through sustainable investments and returns.

Our values​

We are a diverse team of energy smart people united by a common purpose. Our values (responsibility, partnership, openness and growth) unite, motivate and inspire us. They are available here.​