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's activity report 2022

The main activity of OÜ Alfey Solutions is the wholesale of sanitary equipment, building materials, chemical products, household goods, thermoplastics and rubber.

Main markets for purchasing products: EU member states. Main sales markets: Ukraine, Uzbekistan. The company has reliable subcontracting partners and persistent goods manufacturers and consumers. The company's team of experts focuses on offering the best quality goods to its customers worldwide. The company strives to provide valuable and expert information to investors, customers and everyone else. The company's experience, knowledge and skills are primarily focused on creating customer satisfaction and helping them achieve their goals. The company's goal is to deliver reliable goods at the best price. Consumers want more than ever to be sure that the building materials and chemicals they use do not harm the environment or people and are in line with globally recognized social, economic and environmental standards.

Overview of significant events in the fiscal year 2021 COVID-19 pandemic had a negative impact, the quarantine conditions drastically changed the rules of the game and the balance of power in the market, causing a more than 50% drop in sales. The company recovered its turnover at the end of 2022, due to a decrease in margin and a more loyal attitude towards settlements with customers. The company's economic situation was stable, sales revenue fell by 2.13%. In 2022, contracts were signed for the supply of goods to companies in Uzbekistan and Poland. In 2022, the customer base has increased geographically.

Revenues, expenses and profit

In the reporting year, sales revenue amounted to 31,214 thousand euros. Sales to EU countries accounted for 0.3% of sales revenue, sales to Ukraine - 50.93%, sales

Uzbekistan - 46.86%. The main costs consist of goods costs and account for 94.30% of sales revenue. The profit for 2022 amounted to 420 thousand.

euros. The management has no doubt that Alfey Solutions OÜ is capable of continuing as a going concern and realizing its assets and fulfilling its obligations in the course of normal business. The management is ready to support Alfey Solutions OÜ financially immediately in case of economic difficulties and to make additional investments to ensure the continuity of the company's economic activity.

The company's shareholder does not have an official dividend policy. The distribution of dividends is decided when the company has achieved a strong financial position, taking into account at the same time the growth ambitions of the shareholders and the desire to make a profit allocation.

No dividends were paid in 2022.

There is no noticeable seasonality or cyclical nature in the company's business activities.

Investments in the fiscal year 2022. No investments were made in 2022.

Risk of exchange rate changes

The main instrument for avoiding the company's currency risk is the euro basis of contracts, in the reporting year most business transactions were in euros. Profit from exchange rate changes amounted to 169 thousand euros. The company does not have significant liabilities and claims in other currencies. Therefore, the risk of exchange rate changes is low. Other risks, such as interest rate and stock price changes, have not had a significant impact on the company's business activities.

Personnel As of the end of 2022, the company employed 2 people. In 2022, wages and taxes were calculated for employees in the amount of 70 thousand euros. Compared to 2021, wage growth was 2.9%.

Significant environmental and social impacts

The main activity of OÜ Alfey Solutions does not have a significant environmental impact and does not have a negative impact on the environment. The company's workforce is relatively stable, there is no labor turnover. All terms of employment contracts are met.