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 figures2021 2020 2019 2018 2017
Number of flights in Riga FIR168 669134 840302 049292 475268 967
Route ATFM delay (minutes per flight)0.000.00 0.04 0.04 0.00
Unit rate (in national level), EUR29.1627.2727.0227.4727.46
Unit rate (ANSP level), EUR26.8124.3823.3923.4523.45
Net turnover, EUR19 223 14914 208 39830 764 473 30 208 288 27 742 559
Profit, EUR– 3 154 636– 7 637 8992 457 241 3 238 725 3 031 582
Return on sales, %– 16.41– 53.767.9910.7210.93
ROE, % – 9.75
– 21.51
 6.61
 9.34
9.64
(EBITDA), EUR794 185– 3 947 3216 673 1717 303 7757 321 863
Equity, EUR32 356 60735 511 24337 149 142 34 691 901 31 453 176
(ROA), %– 8.01
 – 16.63
 5.61
 8.43
8.71
Total liquidity
 1.74 1.98 3.33 4.18 4.10
Debt to equity, EUR
21.67 29.37 17.92 10.73 10.60
Execution of the investment plan, EUR4 285 7033 628 8009 019 700 5 522 403 5 510 110
Funding received directly or indirectly from state and local government budget, EUR 6 000 000
Use of funding received directly or indirectly from state and local government budget, EUR 6 000 000

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

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