AB K2 LT, which manages the Lithuanian Crematorium, had revenues of EUR 1.92 million in 2024, up 4% from EUR 1.85 million in 2023.

The increase in AB K2 LT's revenues was due to a 1.2% higher mortality rate in Lithuania than in 2023 and the percentage of cremations performed at the Lithuanian Crematorium out of all deaths, which increased from 20.2% to 20.6% over the year. The growth in the popularity of cremation services in Lithuania was offset by increasing competition. With the opening of another crematorium in Lithuania in 2024, the total number of crematoriums in Lithuania now stands at five.

AB K2 LT's pre-tax and net profit for the reporting period were 10% higher than in 2023 and amounted to EUR 0.70 million and EUR 0.59 million, respectively. EBITDA increased by 7% and amounted to EUR 0.94 million.

Bernardas Vilkelis

AB „K2 LT“ CEO
bernardas@k2lt.lt