TOPAUTO AS

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This company's branding has already reached 7,802 peopleand his is followed by 336 Storybook users.On average, the company has been rated 4.5 points.and comment

TOPAUTO AS current status

This company's branding has already reached 7,802 peopleand his is followed by 336 Storybook users.On average, the company has been rated 4.5 points.and commented 300 times.

's activity report 2022

Introduction

Topauto AS consolidation group was established on 01.11.2016.

The main activities of the companies belonging to the Topauto consolidation group are Hyundai, SEAT, CUPRA,

Suzuki, Isuzu, Citroën and SsangYong car sales and after-sales service, in addition to buying and selling used cars.

In 2022, the biggest challenge in the automotive industry was still the lack of chips and the resulting shortage of various electronic components. The war started by Russia against

Ukraine also affected the automotive industry, as several subcontracting factories of European car factories are located in Ukraine. All this greatly reduced production volumes, so the number of cars delivered to customers was still significantly smaller than usual. However, the number of cars on order continued to grow and reached by the end of the year

the highest level ever for Topauto. In the conditions of car deficit, car sales margins increased, which significantly improved the company's financial results.

The constant rise in car prices, which was largely due to the increase in energy carriers and raw materials, also characterizes the year 2022.

Overview of the structure of the Topauto consolidation group

As of 31.12.2022, the Topauto consolidation group includes: - Topauto Tartu AS with a stake of 87.76% - Topauto Pärnu OÜ with a stake of 100% - Rentline OÜ with a stake of 100% In 2022, the parent company Topauto AS increased its stake in the subsidiary Topauto Pärnu OÜ by 21%.

Investments

The largest investment of the Tallinn representation in the amount of approximately 219,000 euros was directed to the reconstruction of the service center workshop premises, modernization of technical systems, acquisition of equipment and renewal of inventory with the aim of improving the working environment. In addition, investments were made in building roofs and rooms

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