This company's branding has already reached 9,091 peopleand his is followed by 85 Storybook users.On average, the company has been rated 4.6 points.and commented 9 times.

Strategic decision: No desire to increase customer base
Board member Arvo Maling (29.01.2025): "We focus only on providing high-quality service to existing customers and maintaining relationships. We do not plan to increase our customer base."

's activity report 2022

AS Nuia PMT has been operating since 1991. Nuia PMT is the largest manufacturer of hydraulic cylinders in Estonia, we produce over half of the cylinders sold in Estonia. We design and manufacture hydraulic cylinders according to the needs of the customer. We produce high-quality standard and special-purpose cylinders for companies engaged in mechanical engineering, who produce forestry, agricultural, municipal and road maintenance equipment.

We also manufacture cylinders for industrial equipment and oil platforms. Our main foreign markets are Finland, Sweden, the Netherlands. Other activities include retail and wholesale of construction and repair materials and the manufacture of hydraulic hoses.

In 2022, the demand for hydraulic cylinders stabilized at the level of the previous year. However, the company's sales revenue increased by 30.4% due to the increase in the price of materials. The export of hydraulic cylinders accounted for 27.3% of the turnover, increasing by 2% compared to the previous financial year.

All of the company's economic activity takes place in Karksi-Nuia in Viljandi County, we are one of the largest employers in the region. The average number of employees in the company during the financial year was 51 people. The company employs highly qualified skilled workers and specialists. The company pays a higher salary than the regional average, which has enabled young specialists to be tied to their hometown.

All transactions with customers and suppliers are made in the common European currency, the euro, so the exchange rate risk is low. The company's long-term bank loan is linked to EURIBOR and the effects of changes in interest rates are forecasted in the business plans for future economic periods. The company is well capitalized and we use financial instruments sparingly.

The company's production of hydraulic cylinders is related to the needs of companies producing machines. In general, the customer base is diverse, which balances the seasonality of business activities so that it does not affect production. The company's export capability also helps to mitigate risks.

The war in Ukraine began in 2022, which initially caused a deficit of materials and was followed by a rapid increase in the price of materials. In 2023, demand has decreased and delivery times have shortened. As a result, the price of material and also our product has fallen.

In 2022, we invested over 500,000 €, the largest investments were a new CNC lathe and milling machine. In 2023, we plan to launch a CNC lathe that can work independently without an operator and increase the use of robots in the company.

In summary, 2022 was a successful year for the company and several economic indicators improved.

The goal of AS Nuia PMT in the coming years is to apply our knowledge and experience in the production of hydraulic cylinders so that it meets the expectations of our customers and helps them be successful in their business. In the 2023 financial year, we want to increase the volume of hydraulic cylinder production and implement activities aimed at increasing production efficiency.

At the time of preparing this annual report, no significant events have occurred in the company that would significantly affect the results of the next financial year.

Main financial ratios for the financial year and their calculation methodology 2022 2021

Sales revenue (thousand euros) 7903 6059

Revenue growth (%) 30.4 34.0

Operating profit (thousand euros) 940 636

Operating profit margin (%) 11.9 10.5

Coverage ratio of short-term obligations (%) 4.0 3.2

ROA (%) 13.2 9.6

ROE (%) 15.6 12.0

Revenue growth % = (sales revenue2022-sales revenue2021)/sales revenue2021*100

Operating profit margin % = (operating profit/sales revenue)*100

Coverage ratio of short-term obligations = current assets/short-term obligations

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

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