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's activity report 2022

Grandmet LLC was established in November 2008, with the aim of dealing with metal sales and brokerage.

Since 2022, Grandmet LLC has expanded its operations to metal waste recycling. Now the company also deals with scrap metal sorting and material reuse.

The company operated in the main field of activity during the financial year and the year was successful.

In the reporting year, the company had an average of 10 employees and wage costs amounted to 166,570 euros. The board consists of 1 member. The fees paid to the board members were 7,919 Euros.

Directions for development for the next financial year:

Grandmet LLC's plan for next year is to increase turnover and profitability.

The ongoing energy crisis and war in Ukraine have not yet had a negative impact on the company's economic activity. We monitor the situation and based on the known information, it is not expected to have a significant impact on our operations in the future.

Grandmet LLC is still an operating company.

Main financial ratios: 2022 2021

Net profit margin -3.5% 1.9%

Solvency 2.6 3.7 coverage ratio

Liquidity ratio 0.9 1.2

ROE -4.9% 98%

ROA -3.2% 73%

Net profit margin = net profit / turnover

Solvency coverage ratio = current assets / short-term liabilities

Liquidity ratio = current assets - inventory / short-term liabilities

ROE (%) = net profit / total equity * 100

ROA (%) = net profit / total assets * 100