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's activity report 2022

In the year 2022, the limited liability company BTIsolatsioon was primarily engaged in the production of sheet metal products necessary for insulation. This was a significant part of their operations, showcasing their expertise in the field and their commitment to providing high-quality products for their clients.

The company's financial performance for the year was quite impressive. The sales revenue for the year stood at 855,110 euros. This revenue was generated from various sources. Metalworking contributed to 68% of the sales revenue, the sale of goods accounted for 15%, and other services made up the remaining 17%. The majority of these services were carried out in the member states of the European Union, demonstrating the company's strong presence in the region.

In terms of geographical distribution, 81% of the sales revenue was generated in Estonia, 9% in Finland, 9% in Latvia, and the remaining 1% in other locations. This shows the company's strong market presence in these regions and its ability to generate substantial revenue from its operations.

When compared to the previous year, the turnover increased by 4%. This is a positive sign, indicating the company's growth and its ability to increase its revenue year on year.

The company's main financial ratios and their calculation methodology are shown in the table below:- Sales growth (%) 4% = (sales revenue 2022 – sales revenue 2021)/ sales revenue 2021 * 100- Gross profit margin (%) 44% = (sales revenue - goods, raw materials, and services)/sales revenue * 100- Business profitability (%) 5% = operating profit / sales revenue * 100- Profit growth (%) -25.5% = (net profit 2022 – net profit 2021)/ net profit 2021 * 100- Net profitability (%) 5% = net profit/ sales revenue * 100- Short-term obligations coverage ratio (times) 2.12 = current assets/short-term obligations- ROA (%) 2.2% = net profit/ total assets * 100- ROE (%) 2.4% = net profit/ total equity * 100The company's main partner was BTI Service OÜ. The profit for the limited liability company amounted to 41,978 euros.

The depreciation of the company's fixed assets for the year 2022 was 78,004 euros (2021: 76,519 euros). This is a significant amount, indicating the company's investment in maintaining and upgrading its fixed assets.

In terms of investments, the company invested 4,760 euros in machinery and equipment and 89,185 euros in construction activities during the reporting period. This shows the company's commitment to investing in its operations and its focus on growth and expansion.

In 2022, BTIsolatsioon OÜ did not have an obligation to prepare consolidated reports.

Looking ahead to the next financial year, the main objective of BTIsolatsioon is to maintain its important market positions, expand and modernize its production, and make its operations more efficient. The company also plans to continue improving its management and quality systems, demonstrating its commitment to continuous improvement and excellence.