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's activity report 2022

General information

OÜ Miil's main activity is the transport of sea containers. As an additional activity, we rent trailers and deal with the sale of sea containers. We also have a steam boiler house where we offer customers the opportunity to heat the goods in tank containers with steam.

The business overview in 2022 showed that OÜ Miil's sales revenue was 6,241,425 EUR (2021: 4,423,510 EUR).

In 2022, new transport vehicles were purchased for a total of 469,218 EUR (2021: 340,552 EUR) and old machines were sold for a total of 70,900 EUR (2021: 63,450 EUR). We purchased one sideloader, a tractor and two container trailers.

In the summer of 2019, we moved our operations to the land we had purchased on the Tallinn ring road to Lagedi. In 2020, we bought more land with the aim of expanding and building a repair and office building. We expanded our product range by introducing the sale of heaters.

In 2021, we brought the company into compliance with ISO 9001:2015 and ISO 14001:2015 standards.

In 2022, we established a subsidiary SIA MIIL and transferred our operations in Latvia there.

There were no significant research and development projects and related expenditures in the reporting year.

Our goals for the next fiscal year 2023 are to continue our main activity. No major changes in the company's operations are foreseen. We want to apply for a building permit for the last purchased land and continue to replace existing transport vehicles with new rolling stock. Rising prices, inflation and rising interest rates make us cautious.

General (macroeconomic) development of the operating environment and its impact

The operating environment was unstable during the reporting year.

Due to the war situation in Ukraine, a possible decrease in transport sales volumes is expected. Fuel prices and other raw material prices fluctuate and it is difficult to make predictions.

The company's operations do not have significant environmental or social impacts. The company's operations do not depend on seasonality and are not cyclical.

During the financial year or the reporting period, no risks related to changes in exchange rates, interest rates or stock prices were identified.

Main financial ratios for the financial year and the previous financial year and their calculation methodology 2022 a 2021 a

Turnover growth 41.10% 54.64%

Profit growth -7.07% 228.73%

Net profitability 11.29% 17.14%

Short-term obligations coverage ratio 3.94 3.63

ROA 12.88% 16.09%

ROE 15.86% 20.28%

Formulas used in the calculation of ratios:

Turnover growth (%) = (reporting period sales revenue - comparable period sales revenue) / comparable period sales revenue *100

Profit growth (%) = (reporting period net profit - comparable period net profit) / comparable period net profit * 100

Net profitability (%) = net profit / sales revenue *100

Short-term obligations coverage ratio (times) = current assets / short-term obligations

ROA (%) = net profit / total assets * 100

ROE (%) = net profit / total equity * 100