This company's branding has already reached 4,872 peopleand his is followed by 86 Storybook users.On average, the company has been rated 3.7 points.and commented 2 times.

's activity report 2022

Introduction In 2022, the company's production focused on the production of Decor wooden details. The company's production takes place on rented premises in Kilingi-Nõmme, its own production building located in Pärnu is rented out. The company has an ongoing construction of a new rental space, which as of 31.12.22 is unfinished.

Revenues, expenses and profit In 2022, AS Preab's sales revenue amounted to 5.10 million euros. Sales revenue consisted of 89% of own production sales and 11% of renting out own real estate. Sales revenue increased by 12% compared to the previous year 2021. The business environment is affected by the ongoing Russian aggression and war against Ukraine in the world and to a lesser extent by the slowly subsiding COVID pandemic. Both events still affect the prices of materials and energy costs.

89% of AS Preab's sales revenue consisted of sales to the European Union and 11% of sales to Estonia. Goods moved from Estonia to traditional AS Preab's partner countries: the Kingdom of Sweden (89% of sales revenue).

In 2022, AS Preab's net profit amounted to 1033 thousand euros.

Forecasts According to the initial forecast for 2023, all production is still focused on the production of Decor wooden details and this about 15% larger in volume compared to the previous year. Since production is concentrated in one unit, it is planned to increase the workforce. The renting out of own premises freed from production continues. In addition, the company plans to complete the construction of a new rental space and start renting it out under a previously concluded contract.

Personnel

The average number of employees of AS Preab was 50 employees in 2022. In 2022, the company's labor costs amounted to 1,199 thousand euros. The increase in labor costs was caused by a wage increase and internal reorganizations within the group. The summer collective vacation took place in July.

No remuneration was paid to the company's board and council members in 2022. No contracts with special conditions have been concluded with the members of the board and council, therefore they do not have the right to various compensations upon leaving the company.

Main financial ratios:

Formulas used in the calculation of ratios: (cid:127) Sales revenue growth (%) = (sales revenue 2022 - sales revenue 2021)/sales revenue 2021 * 100 (cid:127) Profit growth (%) = (net profit 2022 - net profit 2021)/net profit 2021 *100 (cid:127) Net profitability (%) = net profit/sales revenue * 100 (cid:127) Short-term obligations coverage ratio (times) = current assets/short-term obligations (cid:127) Liquidity ratio (times) = (current assets - inventories)/short-term obligations /good 1.0-2.0 (cid:127) Debt ratio (times) = obligations/total liabilities (cid:127) Equity ratio (times) = equity/total liabilities (cid:127) ROA % = net profit/total assets * 100 (cid:127) ROE % = net profit/average total equity * 100

Financial indicators 2022 2021

Sales revenue 5 064 940 4 527 942

Revenue growth % 12% 3%

Net profit 1 032 744 716 649

Profit growth % 44% 1351%

Net profitability of sales revenue % 20% 16%