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's activity report 2022

The sales revenue of the limited company MAREPLEKS was 8.05 million euros in 2022, which is 14% more than in 2021.

The main activity in 2022 was still the production of insulating glass units and laminated safety glass products, wholesale and retail of flat glass.

Glass produced in European glass factories was used as raw material.

Glass and its products were sold 83% in Estonia, 10% were exported to Latvia, 5% to Sweden and 2% to Finland.

The share of exports has decreased by 1% compared to 2021. In 2023, we aim to increase sales volumes, including the importance of exports, and to secure the company's market positions.

The company has an operating branch in the Republic of Latvia.

In 2022, we invested 148 thousand euros in tangible fixed assets. In 2023, some investments are also planned to improve the production process.

General macroeconomic developments require investments, but also provide opportunities for better financial results in the future.

Demand for products with greater insulation and safety is growing. Newer products are also more environmentally friendly.

Seasonality of economic activity exists as long as we have four seasons in our region.

Possible financial risks are mitigated by a continuous balanced technological race.

The company's general activities do not have significant environmental and social impacts. However, it can be said that it is a quite considerable employer in the municipality.

In 2022, Marepleks OÜ employed an average of 100 employees and the salary paid to them, including social tax, was 2,782,851 euros. The board of Marepleks OÜ is composed of 1 member and the salary paid to the board member, including social tax, was 53,770 euros.

The most important financial ratios of Marepleks OÜ's economic activity:

Reporting year 2022.a. 2021.a. 2020.a.

Net profitability 1.3% 5.4% 0%

Return on assets 2.8% 10.3% 0.1%

Return on equity 4.9% 19.4% 0.1%

Debt ratio 0.45 0.43 0.51

Formulas used in calculating ratios:

Net profitability (%) = net profit / sales revenue * 100

Return on assets (%) = net profit / average assets * 100

Return on equity (%) = net profit / average equity * 100

Debt ratio = liabilities / assets