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      AERO MOTORS OÜ

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      This company's branding has already reached 105,936 peopleand his is followed by 20 Storybook users.On average, the company has been rated 3.8 points.and commen

      AERO MOTORS OÜ current status

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      Andmerobot
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      This company's branding has already reached 105,936 peopleand his is followed by 20 Storybook users.On average, the company has been rated 3.8 points.and commented 300 times.

      's activity report 2022

      The main activity of Aero Motors OÜ in 2022 was the sale of vehicle spare parts.

      Aero Motors OÜ started operations in 2014 by creating an e-commerce sales portal for auto parts, contracts were signed with several domestic and foreign suppliers. In the 2022 financial year, active sales continued online and in the store.

      Sales revenue earned in the 2022 financial year was 12,491,984 euros (sales revenue in 2021 was 9,145,346 euros). The loss for the ended financial year was 18,439 euros (the profit in 2021 was 410,979 euros)

      The board of Aero Motors OÜ consists of two members.

      The Estonian economy in 2022 is characterized by rapid price increases, inflation, and economic decline. The profitability of companies decreased. European

      The Central Bank Council has gradually raised monetary interest rates this year. Euribor raises the cost of borrowed money for people and companies, thereby cooling the economy and especially the growth in the prices of industrial goods and services. The biggest problem for the economy so far is the high energy price.

      Despite the difficult market situation in both Estonia and Europe, the company has relatively well adapted to the new market situation and it is not seen that future economic forecasts could have a negative impact on the company's financial results in 2023.

      Main financial ratios 2022 2021

      Turnover growth (+), decrease (-) 36.59% 36.59%

      Net profitability -0.15% 4.49%

      Coverage ratio of short-term obligations 1.33 2.17

      ROA -1.74% 38.36%

      ROE -3.96% 67.95%

      Formulas used in calculating ratios: a. Turnover growth (+), decrease (-) (%) = (sales revenue 2022 - sales revenue 2021) / sales revenue 2021 * 100 b. Net profitability (%) = net loss / sales revenue * 100 c. Coverage ratio of short-term obligations (times) = current assets / short-term obligations d. ROA (%) = net loss / total assets * 100 e. ROE (%) = net loss / total equity * 100

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