This company's branding has already reached 4,413 peopleand his is followed by 23 Storybook users.On average, the company has been rated 4.0 points.and commented 81 times.

Strategic decision: No desire to increase customer base
Board member Andri Jõema (05.04.2024): "We focus only on providing high-quality service to existing customers and maintaining relationships. We do not plan to increase our customer base."

's activity report 2022

The company has been operating under the Nordnet logistics brand since 2004. Nordnet OÜ started operating under the Nordnet logistic brand in May 2011 in a logistics center located at Betooni 1b. The company specializes in the storage, assembly, and transportation of frozen and refrigerated foodstuffs under the Nordnet Logistic and Keep it cool brands.

The profit for 2022 amounted to 0.63 million euros (in 2021 0.17 million euros). Sales revenue increased by 69% compared to 2021. The sales revenue for 2021 was 6.37 million euros (in 2021 3.76 million euros).

By the end of 2022, the number of employees was 75, of which 74 were working under an employment contract and 1 had a contract for services (in 2021, the company employed 54 people).

In 2022, the deep freeze business of the largest competitor VIA3L was acquired. The transaction was paid for with 5% of Nordnet OÜ's shares. As a result of the transaction, the volume of the customer portfolio was increased by 30%.

The goal for 2023 is to improve the quality of the customer portfolio and increase profitability. As an important step, we want to reduce the impact of seasonality by motivating customers towards year-round service provision.

As in previous years, we continue to increase efficiency through various information technology solutions.

Main ratios:

Explanations 2022 2021

Sales revenue 6 374 100 3 760 827

Turnover growth 69% -5.3%

Operating profit 623 672 177 100

Operating profitability 9.78% 4.71%

Net profit 619 308 167 934

Net profitability 9.72% 4.47%

Coverage ratio of short-term liabilities 1.79 2.11

Debt ratio 0.39 0.38

ROA 21.69% 11.83%

ROE 33.02% 13.59%

Formulas used in calculating ratios: * Operating profitability (%) = operating profit / sales revenue * 100 * Turnover growth (%) = (sales revenue 2022 - sales revenue 2021) / sales revenue 2021 * 100 * Net profitability (%) = net profit / sales revenue * 100 * Coverage ratio of short-term liabilities (times) = current assets / short-term liabilities * Debt ratio (times) = liabilities / assets * ROA (%) = net profit / total assets * 100 * ROE (%) = net profit / total equity * 100