Already 9,185 people have seen this company's branding and they are being followed by 113 Storybook user.In average the company has been rated 4.5 points but has not been commented.

Strategic decision: We do not want to increase the customer base
Board member Raido Nikonorov (03.04.2024): "We focus only on high-quality service and maintaining relationships with existing customers. There are no plans to increase the customer base."

's activity report 2022

Bestway Group OÜ, based in Tallinn, is a company founded in 2007 on Estonian capital, whose main activity is the organization of road transport between Estonia and Europe - freight forwarding. The nominal value of the company's share capital is 2684 euros and there have been no changes in the share capital during the reporting year. The company's board consists of two members.

In addition to international freight transport, Bestway Group OÜ also offers the organization of domestic freight transport, warehousing of goods, transport of dangerous and oversized goods, organization of customs procedures, insurance of goods, etc., i.e. all logistical solutions and services.

Revenues, expenses and profit

The financial year of Bestway Group OÜ begins on January 1 and ends on December 31. The company's sales revenue for 2022 was 9.9 million euros (2021: 8.3 million euros), of which EU internal turnover accounted for 89% (2021: 88%) and EU external turnover 11% (2021: 12%). The main sales revenue was made up of international and domestic transport services, the main cost items were transport costs, ferry tickets, trailer rental costs and warehouse and terminal costs. The net profit for 2022 was 218 thousand euros (2021: 228 thousand euros).

Main financial ratios 2022 2021

Sales revenue (EUR) 9 850 598 8 314 547

Turnover growth 16% 28%

Net profit (EUR) 208 503 228 298

Profit growth -9% 80%

Net profitability 2% 3%

Coverage ratio of short-term liabilities 0.8 0.6

ROA 9% 10%

ROE 28% 43%

Formulas used in calculating ratios:

Turnover growth (%) = (sales revenue 2022 – sales revenue 2021)/ sales revenue 2021 * 100

Profit growth (%) = (net profit 2022 – net profit 2021)/ net profit 2021 * 100

Net profitability (%) = net profit/ sales revenue * 100

Coverage ratio of short-term liabilities (times) = current assets/short-term liabilities

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

ROE (%) = net profit/ total equity * 100

The goals for the next financial year in 2023 are to continue in the same activities as in 2022. The goal is to retain current clients and monitor the changing economic environment and respond to market expectations as needed. In 2023, it is still