Strategy
Our Future Begins Today
Our strategy encompasses all activities of the Group companies, including freight and passenger transport, along with related logistics services in domestic and international markets, infrastructure management, and the implementation of top-priority investment projects. In the face of a continuously changing external and internal environment, we review and update our strategy annually. This ensures the high-quality implementation of the strategy and enables a flexible response to new opportunities and trends.
The consolidated group strategy is based on the state's expectations for AB Lietuvos geležinkeliai.
Our Mission, Vision, and Values
- Our mission is to connect people and businesses for a more sustainable future.
- In the world of the future, the railway becomes an axis around which roads, seas and airports converge into a single network; our vision is to be the backbone of the transport system.
- We have identified the values that motivate us to work hand in hand and keep inspired in achieving our long-term goals.
RESPONSIBILITY
CUSTOMER
COOPERATION
DEVELOPMENT
Strategic Directions and Goals
The strategic priorities are described in more detail in the summary of the consolidated strategy, which is available above on this page.
Customer Experience
Uniform customer experience (CE) management principles
Fostering a customer-oriented culture
Services tailored to everyone's needs
Customer experience management maturity will grow to 80%
Business Expansion
Rail Baltica construction, preparation for operation
Military mobility development
Freight transport routes: to the West and North
22 local and 2 international passenger routes
Revenue from core activities will grow by 40%.
Operational Excellence
Lean – fostering a culture of continuous improvement
Energy efficiency
Asset optimization
Digitization and automation
The ratio of operating costs to income is kept below 0.89.
Decarbonization
Electrification of the Vilnius–Klaipėda section
Renewal of electric rolling stock
Implementation of the LTG Group's decarbonization plan
Scope 1 and 2 GHG emissions per unit of revenue decreases by more than half
Engaging Organisational Culture
Future competencies and leadership
Inclusion, equality, diversity
Improving employer image
High employee engagement rate maintained (>84%)
Business Resilience
High level of security maturity and risk management
The transition from the Eastern model to Western railway integration
Ensuring / improving railway network parameters
Business resilience level is strengthened by 48%
The main objectives of Lietuvos Geležinkeliai AB are set out in the Company's Articles of Association:
- To perform transparent and efficient parenting functions to the Corporate Group, to achieve the goals related to the activities of the Corporate Group, ensuring the long-term value growth, efficiency and increased competitiveness, improving financial and return on capital ratios, rational and efficient use of funds, assets and other resources, benefits to the shareholder and the shareholder's property interests.