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's activity report 2022

The main activity of Frigo OÜ is the transportation of foodstuffs in Estonia.

In 2022, the company's image changed due to a name change: Helto Auto OÜ became Frigo

OÜ.

In the fiscal year 2022, we continued to increase the share of foreign transport, which we started in 2021.

Due to the complex economic situation in the world, which led to a significant price increase, we focused on retaining existing customers and improving service quality.

We started to renew our fleet by replacing older trucks and adding new ones to serve more shipments.

In 2022, the company invested in transport equipment with a total cost of 480,529 euros.

As of 31.12.2022, the fixed assets mainly consist of trucks and trailers.

In 2022, the company employed an average of 75 employees, labor costs were 1,019,991 euros.

The company's board had one member and he was not paid for his duties as a board member.

Main financial ratios for the fiscal year: 2022 2021

Current assets 902,250 655,443

Short-term liabilities 900,434 663,294

Total assets 2,351,775 1,847,347

Total equity 1,071,348 850,928

Sales revenue 6,803,631 4,529,159

Net profit 220,420 -49,540

Revenue growth 50.22% 22.30%

Net profitability 3.24% -1.09%

Short-term liabilities coverage ratio 1.00 0.99

ROA 9.37% -2.68%

ROE 20.57% -5.82%