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's activity report 2022

AS Est-Trans Freight was established in 1995 with 100% Estonian private capital. The main activity of the company is the provision of transport services, storage of goods and assembly.

Terminals are located in Tallinn and Tartu.

Despite high inflation and the economic situation, 2022 was a successful year.

Due to rapidly rising inflation and based on the general economic situation, we were forced to raise service prices at the beginning of the year. We tied the prices to the rapidly rising fuel price, which is also our main cost item. Thanks to the rapid change, we were able to continue our work profitably.

Also, our advantage is still the coverage of the service across the republic and the transport of food products, through which we have a stable customer base.

In 2022, we purchased 14 refrigerated trailers and 3 vans. In the Tallinn warehouse, we replaced the lighting with new and more economical LED lighting.

The main goal for 2023 is to maintain the customer base, focus on our main activity and serve existing customers.

Large investments in warehouses are not planned for 2023. The renewal and updating of the vehicle fleet continues gradually. Thanks to the consistent renewal of technology, production has become more efficient and thus more cost-saving.

In 2023, there are plans to purchase 3 new vans, 3 new trailers and 8 new tractor units.

The biggest business risk is the fuel price, which directly and most significantly affects economic activity.

Currency risks are low as leasing obligations and transactions are all in euros. Leasing interest rates have increased.

Environmental and social impacts are normal, do not significantly affect economic activity.

The activity is not seasonal and therefore seasonality or cyclicality does not affect economic activity.

Main ratios: 2022 2021

Sales revenue (in thousand euros) 13 513 10 360

Revenue growth +30.43% 2.5%

Operating profit margin 9.9% 4.5%

Net profit (in thousand euros.) 1263.1 399.6

Profit growth 216% -42.1%

Net profitability 9.3% 3.8%

Short-term obligation coverage ratio (current assets / short-term 1.20 1.31 obligations)