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's activity report 2022

Gammeter OÜ is a leading developer and distributor of electromechanical components and technical solutions for the home appliances, automotive and electronics industries worldwide.

Gammeter OÜ also offers standalone, semi- and fully automatic smart production equipment and solutions for every purpose related to modern cable systems. In addition to standard and customer-specific systems, we offer a wide range of modules and testing systems to ensure quality, and also network solutions for producing cable systems efficiently and with high quality.

Field of activity: - distributor of electronic components – supplier - technical solutions for achieving optimal results in the cable systems manufacturing industry

Following the coronavirus pandemic, 2022 was still a major challenge for the Gammeter group due to raw material shortages and the resulting long delivery times. Despite this, the group has been able to restore and increase business activities, which had fallen in previous years due to the pandemic. Thanks to rapid cost-cutting, the Gammeter group was able to achieve positive development despite the circumstances.

Future developments are unclear, as the world economy showed clear signs of recession in 2022, along with rising inflation and high interest rates. This is a situation that will require necessary measures in 2023. Restructuring or mergers/acquisitions are also possible in 2023.

Despite this, Gammeter OÜ looks positively to the future, but as previously mentioned, economic downturn, inflation, energy crisis and rising interest rates can quickly make the situation problematic, and in such a case, financial resilience would be a factor for success.

Financial ratios: 2021 2021

Net sales profitability % 3.3 2.5 (Net profit/sales *100)

Total asset profitability % (Net profit/average 9.0 6.3 total assets * 100)

Short-term liabilities coverage ratio (times) 1.5 2.0 (Current assets/short-term liabilities)

Board members:

Kaj Marten Hansen

Per-Olof Lundeborg

Pierre Lindeholm

Stefan Kolic