This company's branding has already reached 3,632 peopleand his is followed by 22 Storybook users.On average, the company has been rated 4.4 points.and commented 8 times.

's activity report 2022

OÜ KiiltoClean (hereinafter also referred to as the „Company“) is engaged in the sale of cleaning agents, equipment and accessories to catering companies, cleaning service providers, accommodation establishments and food industries. The company started operations on July 1, 2000.

KiiltoClean’s main brands are Kiilto, Erisan, Serto, Erioil and Farmos.

In 2022, OÜ KiiltoClean's business activities continued without major changes: the marketing of cleaning products in Estonia continued and Latvian and Lithuanian partners were supported in marketing the products in the mentioned countries.

The company's main financial indicators were: 2022 2021

Sales revenue 5 599 335 4 872 977

Revenue growth 14.9% -13%

Gross profit 2 017 028 1 748 686

Gross profit margin 36% 36%

Net profit 231 497 303 084

Net profitability 4.13% 6%

Short-term obligations coverage ratio 3.57 4.46

ROA 10.44% 17.24%

ROE 14.45% 22.12%

Revenue growth (%) = (sales revenue 2022 – sales revenue 2021)/ sales revenue 2021* 100

Gross profit margin (%) = gross profit/sales revenue * 100

Net profitability (%) = net profit/ sales revenue * 100

Short-term obligations coverage ratio (times) = current assets/short-term obligations

ROA (%) = net profit/ total assets * 100

ROE (%) = net profit/ total equity * 100

The company has not engaged in research or development activities during the reporting year, this role is with the parent company.

In 2022, OÜ KiiltoClean had an average of 20 employees. The labor cost was 797 971 euros (in 2021 709 401 euros), including salaries paid to board members in the amount of 72 084 euros (in 2021 85 773 euros).

For 2023, the Company has planned a sales revenue growth of 10%.