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's activity report 2022

Boomerang Distribution OÜ (formerly known as Boomerang Subcontracting OÜ) was established in 2003.

On October 1, 2020, the company split into two, resulting in a clearer distribution of services offered and the separation of the main activities of the companies. Boomerang Distribution OÜ aims to provide customers with e-commerce related services worldwide.

Most of Boomerang Distribution OÜ's clients are small or medium-sized companies

from Sweden, Finland and Estonia, but the target countries and focus of the orders issued are rather

directed towards Europe and America. In addition to the usual order picking, packing and dispatching, the company also deals with returns handling and other value-adding activities. As a 3PL company, we manage the clients' warehouse through a warehouse management system, arrange package shipping as a full-service solution, in addition to offering customs goods management and handling

Boomerang Distribution is a 3PL partner for Nordic e-commerce companies whose consumers are located in Europe.

Main financial indicators: 2022 2021

Sales revenue (EUR) 8 988 084 9 273 036

Revenue growth ( (revenue 2022 - revenue 2021) / revenue 2021*100 ) -3.07% 15.53%

Net profit (EUR) -47 763 220 364

Profit change ( (profit 2022 -profit 2021) / profit 2021 *100 ) -121.67% -8.66%

Net profitability % (net profit/sales revenue*100) -0.53% 2.38%

Short-term liabilities coverage ratio (current assets/short-term 0.87 0.91 liabilities)

ROE % (net profit/total equity*100) -0.14% 55.32%

As of 31.12.2022, Boomerang Distribution OÜ's short-term liabilities exceeded current assets by 191 414 euros, which is higher than in 2021 ( 139 063 euros). Boomerang Distribution

OÜ has prepared the 2022 financial statements based on the going concern principle. In the opinion of the company's management, the negative working capital does not cause economic difficulties for the company, as there are contracts and according to the cash flow forecast, the company is able to meet its short-term liabilities on time.

The military conflict between Russia and Ukraine directly affects the company's business activities. The increase in energy prices and the change in the exchange rate ( EUR/SEK) are also very important. The company continues to work and seeks opportunities to maintain the same volumes and seeks opportunities to cover possible additional costs

Business activity: 3PL logistics services that support e-commerce companies. Boomerang also offers physical handling of goods, customized service, warehouse management system, including marketing to consumers and