This company's branding has already reached 29,699 peopleand his is followed by 19 Storybook users.On average, the company has been rated 4.8 points.and commented 11 times.

Activity report 2022

JMV Motors OÜ was established in 2012 and its main activity is the sale of passenger cars for full-service and operational leasing. The company's clients are mainly companies and individuals from Estonia, Finland, and the Czech Republic.

The parent company of JMV Motors OÜ is Artery OÜ, which owns 100% of the shares.

In 2022, significant investments were made to increase the rental vehicle fleet and a new showroom was opened, for which a significant investment was made. In 2023, it is planned to continue investing in the car park.

In 2022, the company's turnover amounted to 10,486 thousand euros (in 2021, 5481 thousand euros). In the reporting year, the company expanded its circle of partners and customer base. Of the turnover, 3348 thousand was made up of vehicle rental and 7138 thousand euros of vehicle sales.

The average number of employees in the financial year was 8. The board of JMV Motors OÜ consists of three members.

In 2023, JMV Motors aims to increase turnover, develop new lines of business, and hire additional workforce.

The high level of inflation may make it more difficult to achieve these goals. However, the rise in Euribor may rather encourage people to choose a full-service lease with a fixed monthly payment, thereby increasing sales revenue. At the same time, the company itself must monitor the interest rates of its lease agreements and take into account the currency risk when purchasing vehicles, and for example, when dealing with Sweden, monitor the current SEK rate in relation to the Euro and make transactions as favorably as possible.

Longer-term rental agreements with clients tend to reduce seasonality and increase more consistent sales revenue. However, a certain seasonality factor can be pointed out in car sales. Fortunately, dealing with different business directions helps to ensure a steady cash flow.

In terms of environmental and social impacts, it can be pointed out that it is increasingly possible to start offering electric vehicles to its customers, which have been well received by the customers.

The company's financial ratios have significantly improved in 2022 compared to 2021. And it can be said that the company is sustainable.

Ratios 2022 2021

Net profit margin: net profit/sales revenue 37.54% 6.54%

ROA (net profit/total assets%) 17.42% 4.80%

ROE (net profit/total equity%) 76.46% 31.81%