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's activity report 2022

OÜ Mobitec Group was registered in the business register in 1999. The main activity of the company has been the wholesale of mobile phones of various brands over the years. The activity has been passive in the intervening years; in 2017, new contracts were signed that allow the sale of Nokia brand mobile phones in Estonia and elsewhere in the Baltics.

The sales revenue for 2022 was 5.9 million euros, (6 million euros in 2021). The profit for the reporting year was 638 thousand euros (415 thousand euros in 2021). Factoring has been used in recent years to optimize cash flows. Possible credit losses are covered by KredEx credit insurance.

In 2023, it is planned to continue in the same field, the main goal is to maintain the current turnover.

2022 2021 --------------------------------------------------------------------------------------------------

Sales revenue 5 945 882 6 016 100

Net profit 638 519 415 437

Short-term obligation coverage ratio 2.94 1.76 (current assets/short-term obligations)

ROA % (net profit/assets*100) 25.41% 17.53%

ROE % (net profit/equity*100) 36.47% 40.68%

Andre Laine

Board member