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's activity report 2022

The main activity of OÜ Garant Trans was and remains road freight transport.

Last year brought growth in sales revenue for the transport services sector, mainly due to price increases, which were due to cost increases, the reorganization of transport services in Europe in connection with events in Ukraine and sanctions against Russia.

In 2022, OÜ Garant Trans's sales revenue increased by 110%.

During the reporting period, 2346 thousand euros were invested in tangible fixed assets.

There were no research and development expenditures and they are not planned for the next year.

The main goal of OÜ Garant Trans for the next financial year is to maintain sales revenue at the 2022 level.

Main financial ratios and their calculation methodology: 2022 2021

Sales revenue (EUR): 8 221 553 3 913 611

Net profit (EUR): 1 985 096 348 435

Operating profitability (%) = operating profit / sales revenue * 100: 25% 9%

Short-term liabilities coverage ratio (times) = current assets / short-term liabilities 1.7 1.5