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's activity report 2022

Falkonet Metall OÜ's field of activity is the production of metal furniture (including wardrobes).

Last year brought a 3% increase in sales revenue in 2022. OÜ Falkonet Metall continued its traditional business activities and secured the market share achieved in previous years.

Metal furniture is an important inventory for manufacturing and service companies. The company has no significant environmental or social impacts.

OÜ Falkonet Metall financial ratios 2022 2021

Sales revenue in euros 6 714 013 6 514 904

Sales revenue increase (+)/decrease (-) +3% +19.5%

Net profit in euros -2 960 403 10 750 098

Net profitability% - net profit/sales revenue -44% 165%

Short-term obligation coverage ratio in times current assets/short-term liabilities 7.7% 4.9%

ROA% -net profit/total assets -16% 46.2%

ROE% - net profit/total equity -16% 47.6%

In 2022, OÜ Falkonet Metal's sales revenue amounted to 6 714 013 euros. 100% of the sales revenue came from the sale of production. In this regard

The sale of production increased by 3% over the year.

77.2% of OÜ Falkonet Metall's sales revenue came from exports and 22.8% from sales in Estonia. The main export destination was still the Republic of Finland, we sold our production in Sweden, Norway, Lithuania, Latvia.

OÜ Falkonet Metall's net loss amounted to 2 960 403 euros. General administrative expenses were 325 919 euros and production costs 3 477 348 euros. The company's depreciation of fixed assets in 2022 amounted to 161 593 euros.

The company's business activity is not seasonal or cyclical.

Investments

During the reporting period, 110 089 euros were invested in tangible fixed assets.

The company has continuously invested in product development and increasing the efficiency of the production process.

The company's financial position is influenced by the income from financial investments, which depends on changes in stock exchange rates.

Financial positions are not affected by exchange rates as transactions are made in euros.

The company has no loan obligation.

Staff

The average number of employees of OÜ Falkonet Metall during the financial year was 61 employees. In 2022, the company's labor costs amounted to 1 918 262 euros.

Goals for the next financial year