Already 1,036 people have seen this company's branding and they are being followed by 39 Storybook user.In average the company has been rated 3.5 points but has not been commented.

's activity report 2022

Introduction (cid:127) In 2022, AS Renest continued its main activity, which is the import of Ford vehicles, being the official importer of Ford vehicles in Estonia.

According to sales contracts, car sales took place to a licensed reseller.

(cid:127) In 2022, factories continued to face difficulties in supplying components necessary for car production, causing disruptions in production. For us, this meant limited availability of models and delays in deliveries. However, orders delayed from previous periods were realized, thereby enabling sales revenue growth compared to 2021.

(cid:127) The goal for the next fiscal year is to continue to provide effective support and warehouse stocks to resellers, while being ready to quickly respond to market changes.

Revenues, expenses and profit In 2022, AS Renest's sales revenue was 16,034,670 €, the main part of which was made up of Ford car sales

The fiscal year's sales revenue grew by 44.87 percent

Renest's net profit amounted to 14,123 €

The main part of the costs was made up of goods, raw materials

Main financial ratios 2022 2021

Sales revenue (€) 16,034,670 11,068,086

Sales revenue growth % 44.87 -0.28

Net profit (€) 14,123 13,180

Profit growth % 7.15 -21.35

Net profitability % 0.09 0.12

Solvency ratio (times) 1.06 1.10

Debt ratio (times) 0.94 0.91

Asset turnover (times) 4.90 5.82

Net asset profitability, ROA (%) 0.43 0.69

ROE (%) 7.58 7.66

Formulas used in calculating ratios:

Sales revenue growth (%) = (sales revenue 2022 - sales revenue 2021)/sales revenue 2021 * 100

Profit growth (%) = (net profit 2022 - net profit 2021)/net profit 2021 * 100

Net profitability (%) = net profit/sales revenue * 100

Solvency ratio(long-term obligation coverage ratio) = current assets/short-term liabilities

Debt ratio = total liabilities/balance sheet total

Asset turnover = Sales revenue/total assets

ROA (%) = net profit/total assets * 100

ROE (%) = net profit/equity * 100