This company's branding has already reached 12,495 peopleand his is followed by 128 Storybook users.On average, the company has been rated 4.6 points.and commented 82 times.

Strategic decision: No desire to increase customer base
Board member Heiki Onton (30.01.2025): "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

Introduction

The main activity of Ramirent Baltic AS is the rental and sale of construction equipment and the production of modular buildings and construction cabins from wooden structures.

The Group has branches in Lithuania and Latvia and a subsidiary in Estonia.

2022 passed in a changing economic environment, the balance at the beginning of the year turned into strong growth in the second half of the year. The modular house factory continued to operate as a subsidiary of Ramirent Baltic, Ramirent Modular Factory AS, supporting the Group's main activity in construction equipment rental, while expanding the volume and profitability of export production.

Financial results were affected by increased costs, inflation.

The Group managed to increase its market share in all three countries, maintaining a leadership role, while continuing to supplement, renew and restructure the equipment park.

Despite the general uncertainty of the economic environment, we expect further growth in business volumes in 2023. The increase in the prices of equipment, products, services and labor costs is covered by the overall efficiency and productivity growth of the Group, therefore the expected impact on financial results is minimal.

The possible supply problems of construction equipment associated with the war in Ukraine will not have an impact on the company's financial results and business sustainability in the short term.

Key economic indicators (in thousands of euros) 2022 2021

Sales revenue 85.58 65.265

Net profit 12.185 9.233

Balance sheet total 91.279 82.920

Equity 59.810 52.625

Main financial ratios 2022 2021

Short-term liabilities coverage ratio 2.2 2.4

ROA 13.3% 11.1%

ROE 20.4% 17.5%

Formulas used in calculating ratios

Short-term liabilities coverage ratio (times) = current assets / short-term liabilities

ROA (%) = net profit / total assets * 100

ROE (%) = net profit / equity * 100

Staff

The average number of employees of Ramirent Baltic AS during the financial year was 460 employees. In the comparable reporting period of 2021, the number of employees was 432.

In 2022, the Group's labor costs amounted to 17.532 million euros. In the comparable reporting period of 2021, labor costs amounted to 14.512 million euros.

No fees were calculated for the board during the financial year or in 2022.

Goals for 2023