Juba 6,250 inimeseni on jõudnud selle ettevõtte bränding ja tema tegevusi jälgib 179 Storybooki kasutajat. Keskmiselt on ettevõtet hinnatud 4.6 punktiga ja kommenteeritud 114 korda.

's activity report 2022

The main activity of AS Leibur is the production and sale of fresh, pre-baked and deep-frozen bakery products. Leibur is part of

the Lantmännen Unibake group, whose main activity is the production and marketing of fresh and frozen bakery products in Europe, Australia and the United States. Lantmännen Unibake is part of the Swedish Kingdom's agricultural cooperative Lantmännen ek för. The most famous brands of Leibur in the Estonian market are Rukkipala, Leiburi

Röst, Leiburi Ruks and Leiburi Kuldne.

A significant part of the production volume is the intra-group export of fresh bakery products to Finland, Latvia, Lithuania, Norway and

Sweden. Leibur's export products are marketed by other group companies under local brands.

In 2022, AS Leibur's sales revenue was 32 million euros, in 2021 it was 25 million euros. AS Leibur's net loss in 2022.

was 5.7 million euros, in 2021 the net loss was 0.2 million euros. The total volume of investments was 0.9 million euros in 2022, and 0.5 million euros in 2021. The average number of employees of AS Leibur in 2022 was 202 people, in 2021 it was 198 people. The total amount of salaries calculated for employees for 2022 was 4.1 million euros, including board salaries of 0.1 million euros, in 2021 respectively 3.6 and 0.1 million euros. No salaries were paid to the members of the Supervisory Board. In 2022, AS Leibur invested 0.9 million euros in technology renewal, no large-scale investments are planned for 2022.

In 2022, the economic activity of Leibur AS was most affected by the rapid increase in input prices caused by the war in Ukraine. The cost of gas increased by 59% or 1.74 million euros and electricity by 14% or 232 thousand euros compared to 2021. Raw material prices started to rise sharply with the start of the war in Ukraine, the price of flour, which makes up a large part of the cost price of Leibur AS products, rose the most. According to the Bank of Estonia, the average gross monthly wage increased by +8.9% compared to 2021, the unemployment rate for 15-74 year olds was 5.6% or decreased by 0.6 percentage points compared to the previous year. The average gross monthly wage of Leibur AS increased by 9.5% compared to 2021. The average wholesale price of Leibur AS increased by 19.7% compared to 2021 due to changes in the product range and the increase in production input prices. Leibur AS was able to reflect the rapid increase in input prices

in wholesale prices with a few months delay, which is why there were periods in the first half of the year when products were sold at a loss.

Due to the rapid price increase from the second half of the year, the sales volume of Leibur AS in the local market decreased by -3.7% compared to 2021. Leibur AS maintained its market position, as the decline in volumes was due to a general decrease in consumption. From the end of the year, consumers preferred cheaper bakery products, which will have more impact in 2023. The average price of Leibur AS products is higher than the average market price of bakery products due to high quality requirements, so there is expected to be more pressure to maintain market position. Due to the lack of state aid, the competitiveness of Leibur AS also decreased in export markets, the impact of which will intensify in 2023.

In 2022, Leibur AS continued to modernize its internal and external production infrastructure with the aim of improving the use of production resources and reducing raw material and energy losses. In 2022, the company started implementing its long-term sustainable and socially responsible business strategy in cooperation with the Lantmännen Unibake group.

The company wrote down the investment in the subsidiary according to the result of the impairment test made in 2022.

The key ratios characterizing the main activity of the joint-stock company and their calculation methodology.

2022 2021

Operating profit margin 3.02% 2.10%

Net profitability -17.87% -1.94%

Return on equity -12.56% -0.53%

Return on assets -11.47% -0.43%

Equity ratio 90.49% 92.10%

Operating profit margin: operating profit/sales revenue

Net profitability: net profit/sales revenue

Return on equity: net profit/average equity for the period

Return on assets: net profit/average assets for the period

Equity ratio: equity/assets