Already 2,459 people have seen this company's branding and they are being followed by 24 Storybook user.In average the company has been rated 4.8 points ja kommenteeritud 5 korda.

's activity report 2022

The main activity of European Express is the execution of international transports.

In 2022, the company's main goal was to improve the quality of the fleet's transport services and to increase transport volumes.

During the reporting year, 21 new transport vehicles were acquired as fixed assets through capital lease for a total of 1,072,980 euros. The purchase of fixed assets was partially financed by the sale of fully depreciated fixed assets. The acquisition cost of the sold fixed assets was 230,552 € and depreciation 230,552 € (residual value 0).

No significant changes are planned for 2023, the company will continue with existing and new transport orders and plans to increase both the quality and volume of transport services.

As of 31.12.2022, the company's short-term liabilities exceed current assets.

In the opinion of the Management Board, the company continues to operate and, due to the volume of transport services and better quality and cash flow forecast, the company is able to cover all its short-term liabilities according to the due dates of payments.

2022 2021

Revenue growth % 32.57 4.96

Profit growth (decline) % 32.48 -32.73

Net profitability % 3.13 3.13

Coverage ratio of short-term liabilities 0.59 0.74

ROA 4.19 3.55

ROE 13.77 11.48

Formulas used in the calculation of ratios: (cid:127) Revenue growth (%) = (sales revenue 2022 - sales revenue 2021)/ sales revenue 2021 * 100 (cid:127) Profit growth (%) = (net profit 2022 - net profit 2021)/ net profit 2021 * 100 (cid:127) Net profitability (%) = net profit/ sales revenue * 100 (cid:127) Coverage ratio of short-term liabilities (times) = current assets/short-term liabilities (cid:127) ROA (%) = net profit/ total assets * 100 (cid:127) ROE (%) = net profit/ total equity * 100