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's activity report 2022

The main activity of AS Tiir is the wholesale and retail sale of building materials and supplies. The main product groups are general construction materials such as building blocks, insulation wools, construction boards, roofing materials, stone pavements, metal reinforcement meshes and laths, etc.

There is a large volume of paints, varnishes and stains. Different interior and exterior doors generate very good turnover, which shows good growth every year.

San technical products are best represented in our region.

Our sales areas are located in Kuressaare and the other one on Muhu Island in Piiri village.

In Kuressaare, 20 contract workers work and in Muhu 5 contract workers.

AS Tiir has invested in the construction of a new warehouse and the construction of a canopy in recent years. These were very necessary investments to stay competitive and to be able to store and store goods safely. It is not possible to invest more in real estate, as the territory is fully built with the maximum permitted building area.

In 2022, a new forklift was purchased.

The company's more intensive sales period is from May to September, but the availability of goods, which has become well known today, also greatly affects sales. This year, for example, we had a very high turnover growth in March, which will then be reflected in comparisons next year. Certainly, nationwide discount days covering the whole group also show themselves positively, during which sales growth is noticeable.

2021 ended with a profit of 150,556 euros. The profit for 2022 was 340,601 euros. Sales revenue for 2022 grew by 17% .

The company's loan is fixed interest, therefore the company does not have risks associated with changes in exchange rates and interest rates.

The key ratios of AS Tiir were: 2022 2021

Business profitability operating profit/sales revenue 4.75% 2.55%

Short-term debt coverage ratio current assets/short-term liabilities 1.49 1.01

Debt ratio total debt/total assets% 54.67% 61.3%

Total asset profitability net profit/asset cost 9.2% 4.3%

Board member Kalmer Sink