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's activity report 2022

Introduction.

Tectis OÜ is registered in the commercial register on 31.05.2007. In connection with commercial activities, the company is also listed in the economic activities register.

The main activity of Tectis OÜ is the wholesale of various building materials, including construction film and roofing accessories (4673). Goods are mainly sourced from outside

the Republic of Estonia. The largest suppliers are companies from Germany, Czech Republic, Korea, Lithuania, Poland, Sweden, Finland, and Russia.

Revenues, expenses, and profit.

The growth in sales revenue for the reporting year was 517 398 € or 5.6%. Sales in the Republic of Estonia accounted for 19.6% (2021:16.5%) of sales revenue, other EU member states 75.2% (2021: 78.4%), and exports 5.2% (2021:5.1%).

Net profit decreased in 2022 by 101 694 €.

The direct cost of goods and services for 1 euro of sales revenue accounted for 89.9% (2021:88.9%) in the reporting year.

Labour costs increased by 51 041 € or 19%.

Main financial ratios 2022 2021

Sales revenue (euros) 9 717 269 9 199 871

Revenue growth 5.6% 15.2%

Net profit (euros) 556 397 658 091

Profit growth -15.5% 30.8%

Net profitability 5.7% 7.2%

Short-term obligations coverage ratio 2.84 2.78

ROA 10.0% 13.7%

ROE 15.3% 21.4%

Formulas used in calculating ratios: (cid:127) Revenue growth (%) = (sales revenue 2022-sales revenue 2021) / sales revenue 2021 *100 (cid:127) Profit growth (%) = (net profit 2022 – net profit 2021) / net profit 2021 *100 (cid:127) Net profitability (%) = net profit /sales revenue *100 (cid:127) Short-term obligations coverage ratio (times) = current assets / short-term obligations (cid:127) ROA (%) = net profit / total assets *100 (cid:127) ROE (%) = net profit /equity *100

Investments.

Investments in tangible fixed assets during the reporting period were 7 296 € and in intangible fixed assets were 4 549 €.

Management.

The board of Tectis OÜ is composed of one member. The board member (director) represents and manages the company, organizes accounting.

No remuneration was paid to the board member in 2022.

Objectives for the next financial year.

Tectis OÜ will continue with the same main activity (4673) also in 2023. The main objective of Tectis OÜ for the next financial year is to maintain sales volume and profit margin and to maintain its position at the same level in existing domestic and foreign markets.

The board does not consider it possible to assess the potential impact of the political situation on the financial indicators for the next financial year when preparing the annual report.

No new areas of activity are planned for the next financial year.

Martin Virtanen

Board member