Milrem AS
RegisteredPublic limited company (AS)Registry code 12494266
Key factsLasnamäe linnaosa, Manufacture of motor vehicles
- Registry code
- 12494266
- VAT number
- EE101745947
- Registered
- 25 Jun 2013
- Address
- Harju maakond, Tallinn, Lasnamäe linnaosa, Betooni tn 1Harju maakondTallinnLasnamäe linnaosa
Base map and address location: Estonian Land and Spatial Development Board - Main activity
- Manufacture of motor vehiclesEMTAK 29101
- Capital
- €37,723
- Financial year ends
- 31.12
- Contacts
- Emailinfo@milrem.com
- Phone+372 6620865
Revenue
€46.1M+126%
2025 annual report
Net profit
−€24.1M−71%
−52% profit margin
Employees (FTE)
——
2025 annual report
Average gross salary
€4,993
Estimate, Q2 2026
Performance
RIK, annual reports
Revenue by activity
From the 2025 annual report
- 29101Manufacture of motor vehiclesmain activity€46,137,000100%
Compared with its industry
The company beside Statistics Estonia's averages for activity 29 Manufacture of motor vehicles, trailers and semi-trailers.
Gross monthly wage
217% of the industry average
- Company, estimate Q2 2026€4,993
- Industry average 2025€2,304
- Industry median 2025€1,868
Source: Statistics Estonia (PA103 gross monthly wage, EM001 labour productivity per person employed). The company wage is estimated from labour taxes paid; revenue per employee comes from the annual report. Statistics Estonia uses EMTAK 2008 activities.
Management
- Kuldar VäärsiJuhatuse liige, since 25 Jun 2013
- Mikk MägiJuhatuse liige, since 25 Jan 2022
- Devid LiikJuhatuse liige, since 25 Jan 2023
Owners
- Omanikukonto: EDGE Group PJSCAktsionär, since 23 Apr 202454.12%
- Esindajakonto: CACEIS BANK GERMANY BRANCH CLIENTS ACC.Aktsionär, since 30 Jul 202124.92%
- Omanikukonto: SINROB OÜAktsionär, since 16 Aug 202316.49%