This company's branding has already reached 32,536 peopleand his is followed by 45 Storybook users.On average, the company has been rated 5.0 points.and commented 10 times.

's activity report 2022

The Limited Liability Companies (LLC) MOREEN and Siimusti Autoveod have come together to form a consolidated group. The stake of LLC MOREEN in this consolidation is a full 100%. The primary activities of LLC MOREEN encompass road construction and road repair works. They are also involved in the mining, processing, and installation of limestone, gravel, sand, and soil materials. Additionally, they offer transportation services. On the other hand, the main activity of LLC Siimusti Autoveod is conducting technical inspections. In terms of financial performance, the consolidated group reported a turnover of 8.17 million euros, which is a 16% decrease compared to the previous year. The year 2022 saw fewer orders and works for materials. Investments made by the companies also form a significant part of their operations. In 2022, LLC MOREEN invested 1.1 million euros in fixed assets, out of which 931 thousand euros were allocated to machinery and equipment. The companies have not faced any risks related to changes in exchange rates during the financial year or the report preparation period, as all settlements are made in euros. Changes in stock exchange rates also do not directly affect the company's operations. Due to the small size of the company, there are no significant environmental and social impacts associated with its economic activities. The primary activities of LLC MOREEN, which are road construction and gravel production, are dependent on weather conditions. Unsuitable times for work are used to meet the vacation requirements of employees. The consolidated group had an average of 52 employees. Labor costs amounted to 1,721,600 euros, decreasing by 4% over the year. Looking ahead, the main goal for LLC MOREEN in the next financial year is to maintain its market position through high-quality service. The company does not plan to expand its operations or increase production volume in the next financial year. It is likely that they will have to start laying off employees. The drastic reduction in state road investments will certainly leave its mark on 2023. Municipalities are also reducing road investments. Private market orders have also dried up. Infrastructure construction volume is only increasing in terms of Rail Baltica tenders. Key financial ratios for the consolidated group in 2022 and 2021 were as follows: - Liquidity (Current assets - stocks)/Short-term obligations: 4.83 in 2022 and 6.46 in 2021- Cash flows from operating activities as a percentage of sales revenue: 8% in 2022 and 22% in 2021- Gross margin (Gross profit/Sales revenue): 4% in 2022 and 17% in 2021- Operating margin (Operating profit/Sales revenue): 4% in 2022 and 17% in 2021The financial ratios for the parent company were as follows: - Liquidity (Current assets - stocks)/Short-term obligations: 4.6 in 2022 and 6.03 in 2021- Cash flows from operating activities as a percentage of sales revenue: 8% in 2022 and 22% in 2021- Gross margin (Gross profit/Sales revenue): 3% in 2022 and 17% in 2021- Operating margin (Operating profit/Sales revenue): 3% in 2022 and 17% in 2021