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's activity report 2022

The main activity in the past fiscal year was the production of sheet metal blanks and as a side activity, we sold production waste to scrap metal buyers.

In the past fiscal year, we invested nearly 350 thousand euros.

In the reporting year, sales revenue increased significantly, the main contribution of which was the higher selling price due to the higher raw material price. For 2023, we forecast a decrease in turnover of approximately 20%, which is due to lower raw material prices and decreased demand. The company's activities do not have significant social and environmental impacts.

The number of employees in the reporting year was 38 people.

Next year we do not plan to hire additional employees. There is generally no seasonality in our main activity. To some extent, a decrease in market activity can be felt in July, August, and December. The main reason is the holidays taking place in Scandinavia at that time.

There are no major investments planned for next year. There were no research projects in the reporting year and none are planned for the following years.

Settlements with customers and suppliers are made in euros. Loan agreements are concluded in euros. At present, Euribor has been constantly rising, which affects and increases the amounts of loan interest repayments.

OÜ MetESt Metall's sales revenue in 2022 was 13,491,599 euros. The company's operating profit for 2022 was 2,957,010 euros.

Main financial ratios 2022 2021

Sales revenue 13,491,599 8,700,941

Revenue growth 55% 36%

Operating profit 2,957,010 1,336,717

Short-term obligations coverage ratio 3.39 2.64

ROA 32% 17%

Formulas used in calculating ratios:

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

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

ROA (%)= net profit/ total assets