Already 1,730 people have seen this company's branding and they are being followed by 13 Storybook user.The company has not been given any ratings and comments are missing as well.

's activity report 2022

Rio Marine OÜ was established in 1998 and the company's main activity in the 2022 financial year was construction work on ships.

Sales revenue was earned 5,985,119 euros. The net profit for the reporting period was 659,175 euros.

In 2022, the company employed 55 employees on a full-time equivalent basis. The wage fund was 1,389,407 euros. Rio Marine OÜ did not pay board member fees.

In addition to full-time employees, the company buys in project-based labor on a subcontracting basis as the shipbuilding market is unstable and the volume changes are rapid and unpredictable. In the next, 2023 financial year, the company will continue in the same field of activity. The company continues negotiations with shipbuilding companies operating in European markets to find new long-term cooperation partners. The aim of the board is to conclude long-term cooperation agreements that would ensure stable turnover and growth for the company in the future as well. As of the date of preparation of the annual report, the economic environment is constantly changing in Estonia and around the world due to the war in Ukraine and the global spread of the COVID-19 coronavirus. As of the date of preparation of the report, the company cannot foresee what influences may affect the company's turnover in the near future.

In the management's opinion, the company's activities do not have significant environmental and social impacts. The company settles with both customers and suppliers in euros, the impact of exchange rate changes is absent. The management assesses the impact of interest rate changes on the company as not significant.

2022 2021

Revenue growth 77.75 51.59

EBITDA % 12 % 16 %

Profit for the reporting year 659,175 488,293

Net profitability % 11.4 % 15.05 %

Short-term obligations coverage ratio 3.63 3.62

ROA % 28.93 % 30.84 %

ROE % 39.06 % 41.44 %

Revenue growth (%) = (sales revenue reporting year - sales revenue previous year) / sales revenue previous year * 100

EBITDA = (EBIT + depreciation expense) / sales revenue *100

Net profitability (%) = profit for the reporting year / sales revenue * 100

Short-term obligations coverage ratio (times) = current assets / short-term obligations

ROA (%) = profit for the reporting year / total assets * 100

ROE (%) = profit for the reporting year / equity * 100