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's activity report 2022

OÜ Express Shipping Service was established on 18.03.1998 (reg. no. 10410650)

The main activity of OÜ Express Shipping Service in the current year was: - Operating as a line agent in container transport.

- Operating transit goods in the Muuga free zone.

- Forwarding for Eastman Chemical OÜ/ Eastman Chemical B.V.

The sales revenue of OÜ Express Shipping Service in 2021 was 6,280,970 euros.

The profit of OÜ Express Shipping Service was 278,191 euros.

No tangible fixed assets were acquired during the reporting year.

No development and research expenditures were made during the reporting year. Research expenditures are not planned for 2023.

The annual financial statements reflect significant events and circumstances affecting the valuation of assets and liabilities that occurred during the preparation period of the reporting year (01.01.2023 to 15.05.2023).

The average number of employees of OÜ Express Shipping Service in 2022 was 8 people and their total salaries amounted to 201,341 euros.

In 2022, a total of 18,367 euros was paid to the board member.

In 2023, the main activity of OÜ Express Shipping Service will remain the same.

The key financial ratios of OÜ Express Shipping Service were: 31.12.2022 31.12.2021

Business profitability (operating profit/sales revenue)% 4.27 4.30

Net profitability (net profit/sales revenue)% 4.43 4.78

Return on equity ROE (net profit/12 month average equity)% 23.81 14.29

Liquidity ratio (current assets/short-term liabilities) 3.11 2.88

TATR (sales revenue/total assets) 3.55 3.95

CATR (sales revenue/total current assets) 4.29 5.30