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's activity report 2022

The activity report has been prepared for the financial year ended on December 31, 2022.

The main activity of Hert-Transport Joint Stock Company is still international transport. They also dealt with the organization of domestic transport in Estonia.

Since 2016, they have also been providing accommodation services. In 2022, the purchase and sale of metal was added to the company's main activities.

The most important events for the company's activities in 2022 were the conclusion of long-term contracts with customers, transport companies, and shipping agents.

The main activity will remain the same in the following financial year. The direction has been taken in Hert-Transport JSC to become even more viable, being able to offer customers competitive and quality service. The action plan is to develop contacts and cooperation with France,

Belgium and Finland's respective sector companies.

In the following financial year, the company plans to continue in the same main activities.

No special benefits or incentives are provided for the recall or departure of board and council members.

Main financial ratios:

Financial ratio Accounting principle 2022 2021 current assets / short-term

Payment ability general level 2.57 1.97 obligations

Return on assets sales revenue / total assets 1.55 1.01 (sales revenue - cost of goods sold) /

Gross margin (%) 43.2 38.6 sales revenue