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's activity report 2022

PMC Hydraulics AS is a company engaged in the import and sale of industrial goods, mainly hydraulic and pneumatic components, the design, assembly, installation and maintenance of hydraulic and pneumatic systems.

The turnover for the past financial year was 4.3 million euros, which showed a growth of about 12% compared to the previous 2021 financial year.

The growth in turnover was mainly due to the increase in production orders caused by the needs of the PMC Hydraulics Scandinavian market. Both a larger number and more labor-intensive hydraulic centers were produced than before. In the Estonian market, it was mostly possible to maintain previous positions.

The whole of 2022 is marked primarily by Russia's full-scale military invasion of a sovereign neighboring country

on the territory of Ukraine. The outbreak of war made the availability of metals and energy carriers uncertain and sowed uncertainty about future prices. Some of our partners lost previous joint projects with Russian and Belarusian clients due to sanctions, but this did not have a significant impact on the financial year results. Credit losses due to the war were avoided.

Most of the increase in operating costs was due to labor costs and energy carrier costs. The increase in energy carrier prices during the year had a noticeable effect on the prices of various goods and services.

The main investments during the reporting year were mainly due to the upcoming transition to new business software.

PMC Hydraulics AS's activities do not have significant environmental and social impacts.

The company's activities are characterized by the following ratios: 2022 2021

Sales revenue growth/decline (%) 11.8% 13.9%

Asset growth/decline (%) 33.3% 7.7%

Equity growth/decline (%) 18.4% 6.3%

Net return on equity (ROE) 26.5% 13.0%

Net return on assets (ROA) 15.1% 7.9%

Inventory turnover (times per year) 5.3 5.3

Equity to assets (%) 53.9% 60.7%

Liquidity ratio (times) 1.3 1.2

Short-term obligations coverage ratio (times) 2.1 2.4

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

Asset growth/decline (%) = (assets 2022-assets 2021)/assets 2021*100

Equity growth/decline (%) = (equity 2022-equity 2021)/equity 2021*100

Net return on equity (ROE) = net profit / average equity * 100

Net return on assets (ROA) = net profit / average asset volume * 100

Inventory turnover (times per year) = sales revenue / average inventory

Equity to assets (%) = equity / assets at the end of the year * 100

Liquidity ratio (times) = (current assets-inventory)/short-term obligations