This company's branding has already reached 3,441 peopleand his is followed by 7 Storybook users.On average, the company has been rated 5.0 points.but there is no comment.

's activity report 2022

Tallinn Municipal Services Ltd was established in 2017, and its main activity is the year-round maintenance of the roads, streets, and green areas of Tallinn city.

The company's main contract partner is the Tallinn Environment and Municipal Department, with whom the maintenance contracts concluded in 2022 make up 99% of Tallinn Municipal Services Ltd's maintenance contract volumes. The remaining 1% consists of one-time orders and additional work for road and street maintenance.

In 2022, we invested in video surveillance equipment and grip factor measuring devices for maintenance technology.

In connection with the stricter maintenance requirements of the new maintenance contracts, we will invest in new and modern street maintenance technology in 2023: 4 street maintenance vehicles, 2 municipal tractors, 3 light trucks, new spreaders, and city plows. In 2023, we plan to invest more than 1 million Euros in modernizing maintenance technology with the aim of reducing the ecological footprint of Tallinn Municipal Services Ltd.

According to the information published by the Estonian Statistical Office, the consumer price index growth of 19.4% in the period from 01.01.2022 to 31.12.2022 has affected the price increase of bulk materials, fuel, municipal services, and technology, and the growth of labor costs, which are also reflected in the financial results.

To reduce environmental and social impacts, the modernization and renewal of the planned technology park are targeted in 2023.

There are no risks associated with changes in exchange rates, interest rates, and stock prices that have emerged during the financial year and the report preparation period.

Main financial ratios: 2022 2021 Calculation formula for ratios:

Sales revenue (eur) 7 974 869 6 664 986

Operating profit (eur) 803 799 740 450

Net profit (eur) 806 949 714 037

Operating profitability (%) 10.08% 11.11% Operating profit / sales revenue *100

Net profitability (%) 10.11% 10.71% Net profit/sales revenue *100

Short-term obligations coverage ratio 1.35 1.12 Current assets/short-term obligations

ROA (%) 15.71% 17.48% Net profit/total assets *100

ROE (%) 40.61% 40.61% Net profit/equity *100