This company's branding has already reached 124,148 peopleand his is followed by 9 Storybook users.On average, the company has been rated 4.5 points.and commented 1 time.

's activity report 2022

Showtech OÜ, a company with a primary focus on the purchase, rental, and sale of concert stages, sound, lighting, and video technology, has been making significant strides in its operations. Over the years, the company has established itself as a reliable provider of high-quality equipment for various events and productions. During the reporting period, Showtech OÜ made substantial investments to modernize its sound technology. This move is in line with the company's commitment to staying abreast of the latest technological advancements in the industry. By updating their sound technology, Showtech OÜ ensures that they can continue to deliver top-notch services to their clients, thereby maintaining their competitive edge in the market.

Interestingly, in 2022, no remuneration was considered for the board member, a trend that was also observed in 2021 when the board member's remuneration was zero euros. This decision underscores the company's commitment to prudent financial management, with a focus on reinvesting profits back into the business to drive growth and development.

A look at the company's key financial ratios reveals some interesting insights. In 2022, the company's sales revenue stood at 370 thousand euros, a significant increase from the 181 thousand euros recorded in 2021. This impressive growth in sales revenue is a testament to the company's robust business strategies and its ability to adapt to market dynamics.

The company's profit, however, saw a slight dip, standing at 2 thousand euros in 2022, down from 19 thousand euros in 2021. Despite this decrease, the company's ability to remain profitable amidst challenging economic conditions is commendable.

The short-term obligation coverage ratio, which is calculated by dividing current assets by short-term liabilities, was 3.21 in 2022, a significant increase from the 0.30 recorded in 2021. This improvement indicates that the company is in a better position to meet its short-term obligations using its current assets.

The Return on Assets (ROA) and Return on Equity (ROE) ratios, which measure the profitability of a company in relation to its total assets and equity respectively, also showed interesting trends. The ROA stood at 2.1% in 2022, down from 32.1% in 2021, while the ROE increased to 36.9% in 2022, up from 7.5% in 2021. These figures suggest that while the company's assets were less profitable in 2022, the return on equity increased significantly, indicating a more efficient use of the company's equity.

In conclusion, Showtech OÜ's financial performance in 2022 paints a picture of a company that is resilient, adaptable, and committed to growth. Despite the challenges, the company has demonstrated its ability to navigate market dynamics and deliver solid financial results.