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's activity report 2022

Introduction

DGM Shipping AS was unable to achieve the necessary increase in production turnover in Estonia or abroad in 2021.

In 2021, agreements were reached to expand the market in Lithuania, Latvia, Ukraine.

Revenues, expenses and profit In 2022, AS DGM Shipping's sales revenue amounted to 3674 thousand euros. Sales revenue consisted of 99% production and 1% service sales.

AS DGM Shipping's sales revenue consisted of 59% exports (Latvia, United States, Finland, Lithuania, Ukraine, United Kingdom) and 41% sales

in Estonia.

AS DGM Shipping's net profit amounted to 102 thousand euros.

Investments

A total of 199 thousand euros was invested in tangible fixed assets during the reporting period.

In 2022, DGM Shipping AS received targeted financing from PRIA (Agricultural Registers and Information Board) as follows: EMFF 4.4.4, 2019, Processing of fishery and aquaculture products energy and resource saving 51 thousand euros of Estonian co-financed money and 154 thousand euros of European money.

Personnel

The average number of employees of AS DGM Shipping in the financial year was 77 employees. In 2022, the company's labor costs amounted to 1191 thousand euros.

In 2022, no payments were made to board members. The board member received a membership fee of 9.0 thousand euros.

Goals for the next financial year

The main goal of AS DGM Shipping for the next financial year is to improve the company's market position through product improvement and range expansion

Maintaining and securing key financial ratios in existing markets.

2022 2021

Sales revenue (thousand euros) 3674 2737

Revenue growth +34.2% -10%

Net profit (thousand euros) 102 103

Profit growth 0.9% 0%

Net profitability 2.8% 4%

Coverage ratio of short-term liabilities 0.63 0.59

ROA 11.5% 14%

ROE 1.8% 2%

Formulas used in calculating ratios:

Revenue growth (%) = (sales revenue 2022 - sales revenue 2021)/ sales revenue 2021 * 100

Profit growth (%) = (net profit 2022 - net profit 2021)/ net profit 2021 * 100

Net profitability (%) = net profit/ sales revenue * 100

Coverage ratio of short-term liabilities (times) = current assets/short-term liabilities

ROA (%) = net profit/ total assets * 100

ROE (%) = net profit/ total equity * 100