Already 11,828 people have seen this company's branding and they are being followed by 35 Storybook user.In average the company has been rated 4.5 points ja kommenteeritud 14 korda.

's activity report 2022

Introduction

The parent company ITM TRADE OÜ was established in 2009. The ITM TRADE group includes the Estonian company ITM Grupp Arendus OÜ.

ITM TRADE OÜ offers its services to all business clients who need IT support in the following areas: programming, web design,

SEO, technical support, online branding, internet advertising, web hosting and server administration, and other IT-related services. Our main specialization lies in providing management services for web resources with high web load. The activity does not require seasonality or cyclicity.

Main events of the reporting year

Despite what is happening in the world, ITM TRADE OÜ continued to provide services to its clients, taking into account their preferences and orders.

In the reporting year, the subsidiary ITM Trade Cyprus Ltd continued the liquidation procedure, which was initiated in 2020 according to the decision of the sole owner (parent company). The liquidation process will be completed in 2023.

In the reporting year, the subsidiary ITM Sport OÜ was liquidated.

In 2022, ITM Grupp Arendus OÜ focused on the development project of Harkuranna (Paldiski mnt. 221a, 13515 Tallinn), the construction works of which were started in 2021 and are planned to be completed in 2023. In 2021, a property was purchased for development in Vääna-Jõesuu, Harku parish.

Currently, active work is being done on the detailed plan for the Vääna-Jõesuu property. In 2022, the company acquired a property in Viimsi parish with an established detailed plan. During the realization of the detailed plan, the property will be divided, technical facilities and roads will be built, and the properties will be sold one by one.

Staff

The ITM Trade Group employs 67 employees, including 1 board member. In 2022, there was a change in the board of the parent company, the new board member became the board member of the subsidiary, Dmitri Maksim. In 2022, labor costs, including social taxes, amounted to 3,929 thousand euros.

The board fees amounted to 92 thousand euros. No benefits or other payments are provided for the termination of contracts for the board.

Risk of changes in exchange rates and interest rates

Mostly all transactions are in EUR, so there is no risk of changing the exchange rate. The interest rates on long-term loans from lenders are fixed, which does not significantly affect the fluctuation of the company's interest expenses.

Main financial ratios 2022 2021

Sales revenue (in euros) 19 975 244 21 295 925

Operating profit margin (%) 68.07% 50.42%

Coverage ratio of short-term liabilities 2.69 8.02 (times)

ROA (%) 35.17% 42.49 %

ROE (%) 44.70% 47.30%

Formulas used in the calculation of ratios: n Operating profit margin (%) = operating profit / sales revenue * 100 n Coverage ratio of short-term liabilities (times) = current assets / short-term liabilities n ROA (%) = net profit / total assets * 100