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's activity report 2022

The sole activity of CMA CGM Global Business Services OÜ is the organization of CMA CGM container shipping and the provision of other necessary support services to group companies.

As of 31.12.2022, CMA CGM Global Business Services had 354 employees and the average number of employees during the reporting year was 394 (as of 31.12.2021, 408 employees and the average number of employees 434). The number of employees decreased in 2022.

due to the reorganization and distribution of support center work among other group support centers.

Many simpler tasks were replaced with research-intensive and more complex work projects.

As a result of the reorganizations, the number of employees decreased by 40 during the year. There was no need for collective redundancies. A total of 13.5 million euros in wages were calculated for employees during the financial year (13.2 million euros in 2021). The management and members of the higher governing body were paid a total of 108,423 euros, the management did not receive any additional benefits or bonuses.

No significant investments took place during the reporting year and none are planned for the near future. There were also no significant research and development projects and related expenditures during the reporting year, and none are planned for the next year. No events occurred during the preparation of the annual financial statements that significantly affect or may affect the results of the next financial year.

The effects of the 2022 economic environment, such as rising energy prices and labor demand, along with the rise in the prices of services and goods, have led to an increase in costs for the company, so both during the reporting year and in the future, the company's focus is on the possibility of increasing organizational efficiency. The war in Ukraine in 2022 did not have a significant impact on the company's operations.

Sanctions imposed against Russia also did not affect the operations of CMA CGM Global Business Services.

The company's operations do not have seasonality or economic cyclicality. The sales revenue of CMA CGM Global Business Services was 15,772,921 euros and the profit was 1,154,615 euros (in 2021, the sales revenue was 15,197,346 euros and