This company's branding has already reached 19,694 peopleand his is followed by 21 Storybook users.On average, the company has been rated 4.2 points.and commented 3 times.

Activity report 2022

The main activity of OÜ Balmax is the sale of forestry and agricultural machinery and spare parts throughout the Baltic States. In addition, maintenance and repair are carried out on the machines sold. In 2022, the sale of Mus-Max wood chippers and Kesla forestry cranes remained stable compared to previous years.

The market share of HSP Gripen grapples was significantly increased. In 2022, the quality of after-sales service was continued to be improved, for which several new people joined the team. The range of spare parts in stock was significantly increased. Significant efforts were made to improve working conditions for employees.

In 2023, there are plans to expand the team and simplify sales processes. There are also plans to expand the product portfolio.

Main indicators:

Indicator 31.12.2022 31.12.2021

Sales revenue 3 036 063 2 516 155

EBITDA 250 238 108 829

EBIT 201 820 74 176

Net profit 191 035 52 455

Current assets 1 015 377 820 439

Fixed assets 201 094 77 741

Total assets 1 216 471 898 180

Short-term liabilities 424 146 268 912

Total liabilities 659 206 531 950

Total equity 557 265 366 230

Ratios:

Ratio 31.12.2022 31.12.2021

EBITDA margin (%) 8,24 4,33

EBIT margin (%) 6,65 2,95

Net profit margin (%) 6,29 2,09

Return on assets ROA (%) 15,70 5,84

Return on equity ROE (%) 34,28 14,32

Fixed assets turnover 15,10 32,37

Short-term liabilities coverage ratio 2,39 3,05