Juba 7,383 inimeseni on jõudnud selle ettevõtte bränding ja tema tegevusi jälgib 159 Storybooki kasutajat. Keskmiselt on ettevõtet hinnatud 4.7 punktiga ja kommenteeritud 68 korda.

's activity report 2022

The main activity of OÜ Eesti Höövelliist is the production and sale of profile strips.

The net turnover for 2022 was 47,081,268 (43,735,180 in 2021) euros. Most exports went to Scandinavian countries and

Central Europe. The company's business is not seasonal or cyclical. The activities of OÜ Eesti Höövelliist do not have significant environmental and social impacts.

In 2022, investments were made in the acquisition and improvements of tangible fixed assets for 1,569,775 euros (1,193,173 euros in 2021). The largest investment in 2022 was the reconstruction of the production building, and investments were also made in the acquisition of several production equipment.

Main financial indicators and ratios 2022 2021

Sales revenue 47,081,268 43,735,180

Net profit (-loss) 5,985,056 5,232,181

Current assets 22,986,158 20,300,591

Total assets 52,369,157 51,609,044

Short-term liabilities 4,041,253 7,521,440

Total equity 45,912,549 39,927,493

Sales revenue growth (–decline) % 7.65% 10.88%

Profit growth (-decline) % 14.39% 47.83%

Net profitability % 12.71% 11.96%

Return on assets (ROA) 11.43 10.14

Short-term liability coverage ratio 5.69 2.70

Return on equity (ROE) 13.04 13.10

Formulas used in the calculation of ratios:

Sales revenue growth (%) = (sales revenue 2022 – sales revenue 2021)/ sales revenue 2021 * 100

Profit growth (%) = (net profit 2022 – net profit 2021)/ net profit 2021 * 100

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

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

Short-term liability coverage ratio (times) = current assets/short-term liabilities

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

Risk of changes in exchange rates and interest rates

Transactions with customers and suppliers are partly in currencies (SEK, NOK, PLN and USD). The impact of changes in the exchange rate of these transactions is not a significant risk for the company. OÜ Eesti Höövelliist has given loans in SEK and NOK and received a loan in SEK, the exchange rate changes of these loans have had and may continue to have a significant impact on the company's financial results. The interest rate risk is primarily associated with fluctuations in Euribor. The rise in Euribor in the second half of 2022 was rapid. While Euribor was still negative at the beginning of June, the 6-month Euribor was already 2.693% as of 30.12.2022. The reason for the sharp increase is rapid inflation in the euro area. The European Central Bank has raised interest rates to combat inflation.

Liquidity risk

Liquidity risk means that the company may not have liquid funds to meet its financial obligations on time.

To hedge liquidity risk, the company uses various sources of financing, which include investment loans, continuous monitoring of customer receivables and supply contracts.