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's activity report 2022

OÜ Selmet Invest was established in 2000, the main activity of the company is the production of wood chips. OÜ Selmet Invest's sales revenue for 2022 was 4,549,559 euros. The company plans to achieve sales growth in the production of wood chips in the next financial year as well. The growth potential is supported by the development of boiler houses operating on local fuel (wood chips) and the growing demand for wood fuels. There is an ongoing plan to renew production tools to support the growth of wood chip production and profitability.

The total remuneration of employees for the financial year was 203,675 euros. The average number of employees during the financial year was 9.

OÜ Selmet Invest's net profit for 2022 was 175,687 euros.

In 2023, the same economic activity will continue.

Main financial ratios:

Name 2022 2021

Sales revenue (EUR) 4,549,559 2,690,447

Net profit (EUR) 175,687 15,600

Coverage ratio 0.93 0.82

Formula: current assets/ short-term liabilities

Return on assets (ROA) 11.18% 1.30%

Formula: net profit/(Total assets)*100

Return on equity (ROE) formula: 26.25% 3.16%

Formula : net profit/(equity)*100