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's activity report 2022

Primulator Eesti AS, a company established in 1996, has been a significant player in the catering equipment sales and maintenance industry (EMTAK code 46693). Over the years, the company has built a reputation for providing high-quality services and products to its clients. Primulator Eesti AS is a subsidiary of Primulator SP.

Z.o.o., a conglomerate with several companies located in various countries such as Latvia, Lithuania, Finland, Sweden, Norway, and four representations in Poland. In December 2020, the company became a part of the Swedish investment company Storskogen AB, marking a significant milestone in its corporate journey. The company's net profit in 2022 was 187,164 euros, a substantial increase from 126,008 euros in 2021. The management has set a goal for 2023 to keep the company profitable, demonstrating their commitment to financial stability and growth. In 2022, the company focused on several key tasks. Firstly, they concentrated on the sale of coffee machines and traditional coffee machines, with a particular emphasis on after-sales service to ensure a smooth user experience for their clients over the years. Secondly, they continued their excellent collaboration with raw material producers to supply quick ovens to the fast-food sector in the Republic of Estonia. This partnership has been instrumental in meeting the demands of the fast-paced food industry. Thirdly, they maintained a good relationship with juice producers to supply equipment across the entire HoreCa market. This collaboration has allowed them to cater to a wide range of clients in the hospitality industry. Fourthly, they achieved excellent results in marketing water filters from the American manufacturer Everpure/ Pentair, ensuring a high-quality water source across all sectors. Fifthly, they continued to improve their information system to create a modern environment for data sorting and, if necessary, reproduction, with special attention to personal data handling. Sixthly, they invested in continuous team education to be a leader in their sector, thanks to the involvement of competent technical and sales personnel throughout the entire sales to installation process. All these tasks will continue in 2023, demonstrating the company's commitment to maintaining its high standards and improving its services. The average number of employees in 2022 was 7, the same as in 2021. The total salary paid to employees was 265 thousand euros in 2022, a slight increase from 257 thousand euros in 2021. The company's financial indicators showed positive trends. The solvency ratio in 2022 was 14.31, up from 12.87 in 2021. The operating inventory turnover rate was 199, and the return on sales was 8.8%, an increase from 7.2% in 2021. These figures indicate the company's strong financial health and its ability to meet its short-term obligations.