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's activity report 2022

Introduction Established on March 1, 2000, according to its charter, Vahur Lõokese Limited Liability Company (LLC) began its operations primarily focusing on providing auto transportation services within the borders of the Republic of Estonia. The company has been a significant player in the transportation industry for over two decades, demonstrating its commitment to delivering quality services to its clients. In 2018, the company made a strategic shift in its operations. It discontinued its concrete transportation services and instead, diversified into various lifting and transportation services. This transition was facilitated by the acquisition of a specialized truck, the Volvo FH12, equipped with a hydraulic lift. This move marked a significant milestone in the company's history, as it expanded its service offerings to cater to a broader market segment. Performance In the fiscal year 2022, the LLC reported a net turnover of 346.7 thousand euros. A significant portion of this revenue, approximately 268.4 thousand euros (77%), was generated from the resale of goods purchased for resale without further processing, primarily automotive fuel. The remaining 78.3 thousand euros (23%) was derived from the company's lifting and transportation services. In an effort to maximize discounts on automotive fuel, the company has entered into agreements with several sole proprietors and small businesses to jointly purchase automotive fuel. This strategic move has not only allowed the company to reduce its operational costs but also fostered stronger business relationships with other entities in the industry. Despite the challenging economic conditions, the company managed to end the year 2022 with a profit. This was largely attributed to a successful vehicle sales transaction that took place in the same year. Furthermore, the company saw a 41% increase in the share of lifting and transportation services in its total turnover compared to the previous year, 2021. This increase was one of the company's main objectives for 2022, and it is pleased with the progress made in this area. Given the difficulty in finding clients and staying competitive amidst rising fuel prices, the increase in the share of lifting and transportation services has been a significant achievement for the company. It reflects the company's resilience and adaptability in navigating through challenging economic conditions. Future Plans In 2022, the company did not make any investments, and as of now, there are no plans for any major investments in 2023. This decision aligns with the company's prudent approach to financial management, especially in the face of uncertain economic conditions. However, the company remains open to potential investment opportunities that may arise and align with its strategic objectives.