Already 3,781 people have seen this company's branding and they are being followed by 16 Storybook user.In average the company has been rated 4.5 points ja kommenteeritud 3 korda.

's activity report 2022

AS Syntema, a leading company in the industrial paint, varnish, and stain wholesale business, has been making significant strides in the industry. The company's primary operations revolve around the wholesale of industrial paints, varnishes, and stains. Their wholesale warehouse is strategically located in Tallinn, at Silikaltsiidi 5b, making it easily accessible for their wide range of customers.

In a comparative analysis of the company's sales revenue in 2022 and the previous year, 2021, there was a slight decrease of 4%. The sales revenue for 2022 stood at 2,955,277 euros, a slight drop from the 3,084,710 euros recorded in 2021. This decrease can be attributed to various market factors and economic conditions that prevailed during the year.

AS Syntema's primary sales article comprises products from renowned brands such as Sherwin-Williams and Becker Industrial Coatings. These products are primarily targeted towards the furniture and metal industries respectively. The company's economic activities are heavily dependent on the local furniture industry's development, making it a key stakeholder in the industry's growth and prosperity.

The economic year was characterized by market instability and inflation, which significantly impacted the company's economic results. Despite these challenges, AS Syntema remains optimistic about the future. The company plans to continue operating in the same business area in the coming economic year, with moderate sales growth forecasted.

In terms of key financial ratios, the company has maintained a stable liquidity ratio of 1.6 in both 2022 and 2021. This ratio is calculated by dividing cash, receivables, and inventory by short-term liabilities. The company's operating profit margin decreased slightly from 9% in 2021 to 7% in 2022. This ratio is calculated by dividing the profit for the reporting year by sales.

The overall debt ratio increased from 56% in 2021 to 63% in 2022, indicating an increase in liabilities compared to the balance sheet total. Despite this, the return on equity remained stable at 77% in both years, calculated by dividing the profit for the reporting year by equity.

In conclusion, AS Syntema, despite facing market instability and inflation, has managed to maintain a strong financial position. The company's strategic plans for the future and its reliance on the growth of the local furniture industry indicate a promising future.