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's activity report 2022

Nordauto Grupp OÜ is a professional service car showroom operating in Estonia, which was established in 2010, thus has been dealing with car sales for 12 years. The company has grown to become one of the largest used car showrooms in Estonia, setting a benchmark for many other similar companies. The showroom area is 3000 m2, accommodating up to 180 vehicles.

Nordauto Grupp OÜ deals with both car exchange and sales. In addition, the company offers car transport, car wash and maintenance services.

The company is a member of the Estonian Association of Car Sales and Service Companies (AMTEL). In addition, the company has been awarded the quality mark "Recognized Car Seller".

In 2022, Nordauto Grupp OÜ's sales revenue was 41,519,344 euros, which is 9.8 million more than in 2021 (31,704,418 euros).

Despite increased uncertainty and rapid price growth, sales volume increased in 2022 and only showed signs of decline towards the end of the year.

The large-scale purchase of used cars was certainly influenced by the long delivery times of new cars.

In 2022, the company's profitability increased significantly. The company ended the 2022 financial year with a profit of 353,813 euros, which is significantly more than in 2021, when the profit was 250,478 euros.

Goals for 2023: (cid:127) Maintain profitability at the 2022 level.

(cid:127) Ensure that inventory productivity does not decrease and all resources are used as efficiently as possible

Main economic indicators 31.12.2022 31.12.2021 in euros:

Current assets 3,985,062 2,323,934

Assets 4,810,711 3,009,912

Short-term liabilities 3,453,033 2,223,500

Equity 833,248 549,435

Sales revenue 41,519,344 31,704,418

Profit for the reporting year 353,813 250,478

Ratios 2022 2021

Liquidity ratio (current assets/short-term liabilities) 1.15 1.05

Return on total assets (profit for the reporting year / total assets cost*100) 7.4% 8.3%

Return on equity (profit for the reporting year / equity*100) 42.5% 45.6%

Prepared by: Board member Janek Mõik