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's activity report 2022

Transglobal Shipping and Logistics OÜ was established in 2017, which deals with chartering and technical servicing of ships.

The company operated 12 "river - sea" type ships in 2022. The company operates in the European, North - African and Middle - East sea region.

Operating results

The company's 2022 sales revenue was 29.3 (2021: 18.9) million euros, increasing by 55% compared to the previous financial year.

The company's 2022 net profit was 4.907 (2021: 0.372,) million euros, which is more than 13 times greater than in the previous financial year.

Financial ratios

The company's most important financial ratios were: 31.12.2022 31.12.2021

Income statement (thousand euros)

Sales revenue 29 361,0 18 969,1

Operating profit (loss) 5 113,5 420,4

Net profit (loss) 4 907,2 372,7

Financial position statement as of year-end (thousand euros)

Total current assets 7 618,8 3 002,2

Equity 5 797,2 890,0

Equity multiplier (%) 76,1 29,6

Relative profitability ratios (%)

Operating return on sales 18,1 2,2

Net return on sales 16,7 19,6

Net return on assets 64,4 12,4

Net return on equity (ROE) 84,6 41,9

Liquidity ratio

Short-term debt coverage ratio 4,19 1,42

Liquidity ratio 4,19 1,42

Staff and salaries

Average number of employees converted to full-time 2 2

Average number of employees 3 3

Labour cost 115,3 71,7

Operating return on sales Operating profit / Sales revenue * 100

Net return on sales Net profit / Sales revenue * 100

Net return on equity Net profit / Equity *100

Equity multiplier Equity / Assets * 100

Net return on assets Net profit / Assets * 100

Short-term debt coverage ratio Current assets / Short-term liabilities

Liquidity ratio Average liquid assets / Short-term liabilities

In 2022, we organized the docking and repair of 2 ships in the amount of 3.188 (2021: 3.027) million euros.

In the 2023 financial year, we plan to make additional investments in ships of the same magnitude.

No development and research expenditures were made in the 2022 financial year. No development and research expenditures are planned for 2023 either.

Operating environment and prospects

The company's operations do not have significant environmental and social impacts.

However, we comply with the requirements of international maritime and environmental agreements in our economic activities.

Transactions with customers and suppliers take place in euros and dollars, which means there is a currency exchange risk.

There is no significant seasonality or cyclicality in the company's business operations, however, the charter market is not usually as active in the summer months as in other months. "River - sea" type ships are capable of docking in smaller ports, which ensures better transport routes and faster and more efficient transport service, which in turn is a significant competitive advantage