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's activity report 2022

OÜ Aviator started operations in 1997. The company is based on Estonian capital.

The main activity is domestic and international freight transport by road. We mainly carry out international freight transport

in Scandinavian countries for various European Union member state entrepreneurs.

In 2022, we continued our main activity and increased our freight volumes in foreign markets. We continued to focus on cost control and achieved several more favorable procurement contracts. Due to ongoing problems with drivers in the Estonian labor market, we have hired more foreign labor.

In 2023, we will continue our main activity, focusing mainly on shipments in Scandinavia. We have entered into cooperation agreements with new international partners, which allows us to increase our sales revenue through more efficient use of our existing fleet.

This year we aim to improve the efficiency of the company and become more profitable.

We continue to modernize the fleet for international shipments and realize older trucks.

The war in Ukraine that began on 24.02.2022 has had a negative impact on the company's economic activity.

Since a significant part of the truck drivers are from Ukraine and many of them have not been able to return to work due to the war situation

in Ukraine, we have expanded our personnel search to other countries.

OÜ Aviator's business is not seasonal and the company's economic activity is not cyclical.

OÜ Aviator's economic activity does not have significant environmental and social impacts.

During the financial year or during the preparation of the report, no risks related to changes in exchange rates, interest rates and stock prices have emerged.

OÜ Aviator owns a 100% subsidiary Rookopli OÜ, whose field of activity is real estate management and development.

The consolidated sales revenue of the companies in 2022 was 5291 thousand euros and the profit was 432 thousand euros.

The main financial ratios of the parent company and their calculation methodology for the 2022 financial year: 2022 2021

Turnover growth/decline 12.76% 12.46%

Profit growth/loss -26.33% 81.79% decline

Net profitability 8.26% 12.65%

Short-term liabilities coverage ratio 1.92 1.81

ROA 9.56% 12.91%

ROE 20.02% 30.83%

Formulas used in calculating ratios:

Turnover growth (%) = (sales revenue 2022– sales revenue 2021/ sales revenue 2021* 100

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

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

Short-term liabilities coverage ratio (times) = current assets/short-term liabilities

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

ROE (%) = net profit(-loss)/ total equity * 100