In the third quarter of 2022, NORDAUTO GRUPP OÜ team consisted of 20 employees, who were paid an estimated average gross salary of 2 400 EUR / month.
Comparsion with the previous quarter
Compared to the second quarter the team decreased by 1 (-5%) and the salary was reduced by an average of - 195 EUR per employee (-8%).
Summary of the year
Each year, an employee receives an average salary of 2 400 EUR per month and a turnover of an average of 189 384 EUR for the company. Labor costs are an average of 2% of turnover.
The company would probably have enough funds to increase the payroll, because in the last declared financial year (2021) the company ended with a profit, which could increase the salary of each employee by a maximum of 993 EUR / month (total salary fund) and in that case the company would close its financial year with a similar profit of 11 927 EUR.
Comparsion with the sectoral average
NORDAUTO GRUPP OÜ operates in the sector WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES, where the average monthly salary is 1 272 EUR. In Harju, where the company operates, the average monthly salary is 1 630 EUR. ** The average wage is calculated according to the data of the Tax and Customs Board according to the calculation of labor taxes paid in the last 4 quarters (companies that pay wages below the minimum wage or do not pay labor taxes at all are excluded).
NORDAUTO GRUPP OÜ tries to capture foreign markets, but until now, exports make up a modest share of total revenue. Last year’s exports made up 3,5 percent of revenue and brought in 753 079 euros.
Hardly any goods are sold in Germany, Netherlands and Latvia. It’s better than nothing, but it’s a long way from being a heavyweight in the export markets. Maybe next year!
Exports in the last quarter were rather dismal for NORDAUTO GRUPP OÜ as sales to foreign markets plummeted. While sales outside Estonia brought in 1,66 million euros in 2017, the company earned only 753 079 euros from exports in 2018.
Compared to the previous year NORDAUTO GRUPP OÜ saw the biggest growth in exports to Poland and Netherlands, where it saw a growth of 8300,0 and 2306,9 percent respectively.
For comparison, the total exports to Poland by companies within the same sector was 310,59 million euros, of which the exports of NORDAUTO GRUPP OÜ made up less than 0,00 percent. While the most successful exporters within the same sector to all markets are companies NT BUNKERING AS and ERICSSON EESTI AS, companies BALTICCOAL COMPANY OÜ and ITS ESTONIA OÜ are no slouches when it comes to exports to Poland. Their sales revenues in Poland were 29,23 million and 13,49 million euros respectively.
Last year the total exports to Netherlands by companies within the same sector was 217,65 million euros, of which the exports of NORDAUTO GRUPP OÜ made up less than 0,00 percent. When it comes to exports to Netherlands, Estonian companies within the same sector that are making a name for themselves include PKC EESTI AS and TUINDECO BALTICS OÜ, whose sales revenues in Netherlands were 56,29 million and 17,73 million euros respectively.
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