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's activity report 2022

Transit Group OÜ, with a share capital of 460,083 euros, started operations in February 2010, the entry in the commercial register was made on 10.08.2009, the company's field of activity is the organization of railway transport, wagon rental, provision of international forwarding services.

Main financial ratios 2022 2021

Sales revenue 35,032,113 35,857,864

Operating profit 3,805,735 1,901,362

Operating profit margin 10.86% 5.30%

Net profit 4,221,088 1,677,980

Net profitability 12.05% 4.67%

Short-term obligations coverage ratio 1.79 1.15

Return on equity ROE 32.61% 19.23%

Return on assets ROA 20.89% 9.26%

Formulas used in calculating ratios:

Operating profit margin (%) = operating profit/sales revenue*100

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

Short-term obligations coverage ratio = current assets/short-term obligations

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

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

Investments

Transit Group OÜ owns a 33.31% stake in a container terminal in Uzbekistan, which receives and dispatches container trains between the countries of the region.

Personnel

The remuneration of the members of the board of Transit Group OÜ, together with social tax, amounted to 7,980 euros in 2022.

Transit Group OÜ continues to operate. Considering the growth of containerization in Central Asia, work is underway to increase the share of container transport. The geopolitical situation in the world has necessitated a review of transport corridors for the transportation of goods

to Ukraine.

In 2023, Transit Group OÜ experienced a decrease in transport volumes, which was due to a global drop in the price of mineral fertilizers and increased competition with road transport. These factors significantly influenced the demand for freight transport by rail. Transit Group OÜ is actively engaged in development activities, constantly exploring opportunities to find new transport corridors and cargo volumes.