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's activity report 2022

The main activities of Lõpe Agro OÜ are cereal and pig farming. Crop farming is seasonal, other activities take place all year round. OÜ Lõpe

Agro has a pig farm in Lääneranna parish in Lõpe village and in Pärnu city in Kihlepa village.

Lõpe Agro OÜ has three subsidiaries, which also engage in cereal farming and fodder and hay crop farming.

The total sales revenues for the 2022 financial year were 4,311,620 euros (2021: 3,140,709), the financial year ended with a net profit of 1,018,927 euros (2021: 454,819)

Lõpe Agro OÜ has been a consistently developing company. During the reporting period, a total of 1,842,204 euros (2021: 1,658,489) was invested in tangible fixed assets. Both agricultural land and agricultural machinery were acquired.

The average number of employees in 2022 was 19 (2021: 20) and the labor costs for the reporting year were 580,152 euros (2021: 526,152).

Environmentally friendly agricultural practices are followed in the cultivation of all agricultural land.

Goals for the next financial year: to continue pig farming in existing farms; renew the fleet of agricultural machinery; acquire lands suitable for cereal farming.

increase renewable energy investments

Main 2022 2021 financial ratios

Sales revenue (euros) 4,311,620 3,140,709

Revenue growth% 37.3% -17.3%

Operating profit% 27.3% 17.4%

Net profit (euros) 1,018,927 454,819

Profit growth% 124% 14.1%

Net profitability% 23.6% 14.5%

Short-term obligations coverage ratio 1.1 1.3

ROA 8.3% 4.3%

ROE 15.8% 8%

Formulas used in calculating ratios:

Turnover growth (%) = (sales revenue 2022-sales revenue 2021)/sales revenue 2021*100

Operating profit margin(%) = (operating profit/sales revenue*100)

Profit growth(%) = (net profit 2022 - net profit 2021)/net profit 2021*100

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

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

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

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