TRANSOCEAN EESTI OÜ
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TRANSOCEAN EESTI OÜ hetkeolukord
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's activity report 2022
Transocean Eesti OÜ, established in 1993, operates in the fields of shipping line representation, provision of logistics services, freight forwarding, and ship agency.
The company represents the following shipping lines in Estonia: Ocean Network Express (ONE), ACL, NYK Ro-Ro and
SAMSKIP Multimodal.
The company has the following subsidiaries: Transocean Latvia SIA, Almaro Trans OÜ, Transocean
Lietuva UAB, Transocean Bel IP. Transocean Lietuva UAB has a subsidiary OOO
Transocean RU. Due to the war initiated by Russia in Ukraine and the sanctions imposed on Russia and Belarus, Transocean Eesti has decided to sell the Belarusian and Russian company. The divestiture of the Belarusian company will be completed in the near future, the divestiture of the Russian company will be completed at the first opportunity after the Russian 2022 amended laws allow the divestiture of a company's stake with a foreign owner. The company does not have branches abroad. No transactions were made with the company's shares during the financial year, the sole owner continues to be the logistics group Baltic Maritime Logistics Group AS. The company's board continued to operate in the composition of Margus Rool and Ülle Lipre.
The group's sales revenue for the reporting year amounted to 73.78 million euros and the balance sheet total to 13.39 million euros.
Compared to 2021, sales revenue increased by 19%. The EBITDA for the reporting year amounted to 3.19 (2021: 3.14) million euros. The net profit for 2021 was 2.80 (2021: 2.69) million euros.
The group's key financial ratios were: 31.12.2022 31.12.2021
Operating profit margin % (operating profit / sales revenue x 100) 4.03 4.72
Net profit margin % (net profit / sales revenue x 100) 3.79 4.34
Return on equity % (net profit / equity x 100) 44.17 55.57
Return on assets % (net profit / total assets x 100) 20.91 17.70
Short-term liabilities coverage ratio (current assets / short-term liabilities 1.95 1.47
The group's investments amounted to 0.07 million euros in the reporting year, of which 0.06 million euros was the acquisition of a car under capital lease conditions. The group does not plan significant investments in the near future.
The group's loan liabilities as of 31.12.2022 amounted to 1.99 million euros, of which 1.84 million euros were taken with a fixed interest rate, so the risks associated with changes in interest rates are not significant.
Transactions with clients and suppliers take place mainly in euros in the eurozone countries, outside the eurozone in both dollars and rubles. Outside the eurozone, exchange rate risks are hedged in such a way that services are sold to the maximum extent in the same currency in which the services were purchased. In the case of sales in rubles, customers predominantly pay based on the dollar exchange rate valid on the day of payment.
The group's business activity is not seasonal or cyclical. The group's activities do not have significant environmental and social impacts.
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