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's activity report 2022

The Milk Ship TÜ is primarily a cooperative that connects larger milk producers, with the aim of improving the livelihood of its members, and increasing the profitability of milk production and marketing.

Milk is sold to various dairies.

The year 2022 was the best for the milk producer.

Our raw milk price was tied to the dynamics of the average European price and the price rose throughout the year.

Milk Ship TÜ prices for 2022 (€/ton): 600.00 855 345 550.00 225 905 184 500.00 274 064 054 144 450.00 314 904 914 400.00 350.00 January February March April May June July August September October November December

At the same time, people's purchasing power has already reached such a limit that consumption has started to decline and a drop in the price of raw milk is now coming.

In the future, the launch of the new E-Milk industry and competition in the Estonian raw milk market will certainly set the tone.

We also try to increase our volume and we will probably also give up the export of raw milk, which has been economically less profitable for us.

We sold a total of 46,425 tons of raw milk to two factories:

Valio 28,593.11 tons

Latvian Preilu factory 17,832.13 tons

Key financial indicators: 2021 2022

Liquidity ratio 1.01 1.00

Debt ratio 98.6% 99.7%

Equity ratio 69.1 741.1 In 2022, the net sales of Milk Ship TÜ were 22,510,808 euros and the balance sheet total was 2,487,248 euros.

There were 2 employees and the total labor costs were 56,793 euros.

CEO of MILK SHIP TÜ