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's activity report 2022

Lisako LLC 2022 fiscal year report

Main activity description

Lisako LLC (hereinafter also the company) started its economic activity in November 2001 in Lääne-Virumaa. The main activity of the company is the manufacture of forklifts and trailers. The company's trademark "BMF" is already known in many European countries. The company has mainly sold its products to Austria and Germany.

Economic environment

In the reporting year, Lisako LLC's sales revenue has grown by 13.68% compared to 2021 data.

In 2022, sales revenue in Estonia accounted for 2.1%, in European countries 91.3% and outside European countries 6.7%

The war in Ukraine, along with economic sanctions imposed on Russia, affected the company's economic activity through the rise in prices of metal products and materials and supply difficulties. This also led to an increase in stocks to ensure production stability

Profitability The sales revenue for 2022 was 26,333,732 euros (2021 23,164,414 euros). In 2022, the profit was 1,981,237 euros (in 2021, the profit was 2,074,675 euros)

Financial ratios 2022 2021 2020

Sales revenue change 13.68% 45.57% -4.33%

Short-term debt coverage ratio 2.62 2.24 2.1

Liquidity ratio 1.41 1.2 1.48

Operating profitability 7.52% 8.96% 11.14%

The following formulas have been used to calculate the ratios:

Short-term debt coverage ratio = Current assets / Short-term liabilities;

Liquidity ratio = (Current assets - Inventories) / Short-term liabilities;

Operating profitability = Net profit / net turnover * 100.

Staff At the end of 2022, the company employed 65 people (2021 58 people), the average number of employees during the reporting year is 55 people (2021 52 people).

The wage cost, including social taxes and unemployment insurance contributions, was 1,732,944 euros (2021 1,510,078 euros)

The company has 1 board member, the board member has been paid fees in the reporting year in the total amount of 36,113 euros. (2021 36,049€)

Investments

In the reporting year, 1,655,977 euros (2021 679,263 euros) have been invested in tangible fixed assets. In 2023, it is planned to invest at least 0.5 million euros in fixed assets.

Goals for 2023