NORDIC HOTELS OÜ

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The year 2018 was record-breaking for this company, winning the largest procurement -

NORDIC HOTELS OÜ: Public Procurement

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The year 2018 was record-breaking for this company, winning the largest procurement - "Majutusteenuse tellimine" - to date with the total value at 749 000 euros. But the company did not rest on its laurels, they kept putting in the effort and the turnover for 2018 eclipsed all earlier years.

On average, one public contract supplies approximately 1/23 of NORDIC HOTELS OÜ's turnover. The loss of income from public contracts would not affect turnover much but no doubt it would keep the company on its toes.

NORDIC HOTELS OÜ has bid in public procurements 15 times to secure winning contracts.

The company is a solid business partner to the state that pays more taxes to the State Treasury than has received in sales turnover from its public contracts. Like a top-of-the-class student, this company has never in its history failed on its tax and reporting obligations. Neither has it swindled its business partners.

#Harjumaa #Hotellindus #PuhkusJaMeelelahutus

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NORDIC HOTELS OÜ's activity report 2022

Introduction 2022 was a year of exiting one crisis and entering another. Despite this, it was possible to significantly increase sales revenues compared to the
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Introduction 2022 was a year of exiting one crisis and entering another. Despite this, it was possible to significantly increase sales revenues compared to the previous year. However, exceptionally high inflation led to a significant decline in profitability and the year ended with a loss. Revenues, expenses and profit In 2022, Nordic Hotels OÜ's sales revenue amounted to 7,896,078 euros, which is 345% better compared to 2021. Operating expenses amounted to 7,696,439 euros, including labor costs of 2,418,326 euros. The company's balance sheet total was 2,368,420 euros. The year ended with a

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