MARK OIL OÜ current status
This company's branding has already reached 47,057 peopleand his is followed by 69 Storybook users.On average, the company has been rated 5.0 points.and commented 2 times.
's activity report 2022
Introduction
OÜ Mark Oil has been operating since 2000. The main activity of the company is the wholesale of motor fuels. All purchased fuel is sold
in the Republic of Estonia. In 2022, sales revenue was 25.35 million euros. In 2021, the corresponding figure was 15.57 million euros. In 2022, sales revenue was generated from the sale of gasoline, diesel fuel, special-purpose diesel fuel, and shale oil in the territory of the Republic of Estonia.
Mark Oil's business is affected by seasonality, as a large proportion of customers are associated with agriculture, road construction, and forestry - seasonality plays a big role there, fuel sales can vary greatly from month to month. Mark Oil ensures environmentally friendly safe handling of fuel during transport and storage. In 2022, there were no fuel leaks that would have caused harmful effects on the environment.
Mark Oil is not affected by currency and exchange rates and their changes in its operations, the change in interest rates mainly affects credit sales, but the change in interest rates during the reporting period was minimal. The company's main activity is regulated by the Liquid Fuels Act and sales prices also depend on political decisions (for example, regarding excise duties).
In 2022, the company employed 6 employees, labor costs amounted to 158, thousand euros. No additional payments equivalent to remuneration were made to the members of the board during the reporting year.
Fields of activity according to EMTAK: 46712 - wholesale of motor fuels 46719 - wholesale of other liquid and gaseous fuels etc. The war in Ukraine started on 24.02.2022, which has caused significant volatility and price increase in the fuel market. The war has also caused general instability in society and the economy, which also affects the activities of Mark Oil OÜ.
The company also felt increased competition in the wholesale fuel market in 2022, which may partly be due to the arrival of a "new player" in the market.
In addition, the wholesale fuel market was characterized by a dispute over the addition and non-addition of bio-additives between importers - the war in Ukraine + the above-mentioned effects kept and keep the functioning of the wholesale fuel market in Estonia quite tense.
In 2022, there was a change of ownership. No significant research and development projects were carried out.
Revenues, expenses, profit In 2022, Mark Oil OÜ's sales revenue amounted to 25.35 million euros. The cost of goods purchased from sales revenue accounted for 97.26% in 2022.
The gross profit for the reporting year was 0.501 million euros. Transactions with suppliers are in euros and there is no impact from exchange rates. OÜ Mark
Oil's goal for the next financial year is to maintain its market position in the established field of activity. The company does not intend to invest in fixed assets in the next financial year.
Main financial ratios
Source data 2022 2021
Sales revenue 25 355 710 15 572 253
Gross profit 501 481 360 773
Net profit 170 176 112 154
Current assets 8 689 836 7 826 872
Short-term liabilities 3 251 430 2 745 743
Total assets 11 175 395 10 479 935
Equity 6 870 558 6 700 382
Financial ratios 2022 2021 sales growth 62.83% -2.99% gross profit margin 1.98% 2.32%
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