Indicators

The main source of income for LGS is air navigation charges, which the company receives for its services. LGS is not funded from the state budget, however it is one of the largest taxpayers in Latvia.

The operational indicators of LGS are the number of aircraft to which services are provided within the territory of the airport, as well as during transit through the Latvian air space. The main financial indicators (historical data) are given below.

Financial figures2024 estimate2024 (9 months)2023 2022 2021 2022
Number of flights in Riga FIR282000178391205547194551168669134840
Route ATFM delay (minutes per flight)0.030.000.000.00 0.00 0.00
Unit rate (in national level), EUR28.8544.4243.3031.7029.1627.27
Unit rate (ANSP level), EUR25.5739.3138.3828.9326.8123.60
Net turnover, EUR278480002383858626028695195706021922314914208398
Profit, EUR15780001635058– 1829796– 4523593– 3154636 – 7637899
Return on sales, %5.706.86– 7.03– 23.11– 16.41– 53.76
ROE, %4.505.92 – 7.04
– 16.25
– 9.75
– 21.51
(EBITDA), EUR5678000577855535018468110457794185– 3947321
Equity, EUR34702000276382762600321282783301432356607 35511243
(ROA), %29.003.461.55
– 12.69
-8,01
– 16.63
Total liquidity
1.303.07 0.78 0.93 1.741.98
Debt to equity, EUR
56.820.7169.6128.0321.67 29.37
Execution of the investment plan, EUR1310900035816933667648256290342857033628800
Funding received directly or indirectly from state and local government budget, EUR 6000000
Use of funding received directly or indirectly from state and local government budget, EUR 6000000

Detailed information about LGS operational indicators in previous years is available in the Reports section.

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