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's activity report 2022

Introduction

Kricon Baltics OÜ deals with the transportation and forwarding of various goods. The range of services includes the transportation of packaged goods by sea, rail and road transport, and the delivery of liquid goods in tank containers.

Revenues, expenses and profit In 2022, Kricon Baltics OÜ's sales revenue amounted to 27,982,829 euros. 94.46% of the sales revenue was from services.

Kricon Baltics OÜ's net profit amounted to 4,244,622 euros. Operating expenses were 21,683,610 euros and various operating expenses were 313,370 euros. The company's depreciation of fixed assets in 2022 amounted to 851,717 euros. Rapid depreciation was brought about by investments in various technical means and increasing capacities.

Risk of changes in exchange rates and interest rates

Transactions with suppliers and customers are mainly in euros, so the exchange rate risk is low.

Investments

A total of 3,450,164 euros was invested in tangible fixed assets during the reporting period. Major investments were the purchase of various additional equipment. The company has continuously invested in service development and increasing production efficiency.

Staff

The average number of employees in Kricon Baltics OÜ during the financial year was 30 employees. The company's wage costs amounted to 737,572 euros. The remuneration of the company's board amounted to 25,347 euros during the financial year.

Objectives for the next financial year In 2022, the main activity was expanded in Southern Europe and Central Asia, where in 2022, Kricon Group opened new offices in Germany and

Azerbaijan and also started offering shipments in flexitanks, in connection with which it is planned to develop its main activity and offer services both

in Europe and in new markets.

Company activity ratios 2022 2021

Short-term debt coverage ratio 3.54 3.15

Net profit margin 15.2% 7.2%

Operating profit margin 15.1% 6.6%

Return on equity 28% 11%

Return on total assets 24% 10%

Ratio calculation formulas

Short-term debt coverage ratio = Current assets / Short-term liabilities

Net profit margin % = Net profit / Sales revenue

Operating profit margin % = Operating profit / Sales revenue

Return on equity % = Net profit / Equity

Return on total assets % = Net profit / Total assets

Dmitri Kolpakov board member