Already 5,802 people have seen this company's branding and they are being followed by 15 Storybook user.In average the company has been rated 4.3 points ja kommenteeritud 3 korda.

's activity report 2022

In 2022, the company continued its operations as a subsidiary of the parent company Playground

Advertising OÜ.

Convertal OÜ's turnover increased in 2022, reaching a turnover figure of 6 million euros, an increase of 29% compared to the previous financial year. The annual profit was 1,087 euros. The company's main activity is to grow clients' business through digital advertising services. The field of digital advertising changes rapidly over time and every year, as in the past year, new services are added to the selection.

In 2022, the company employed an average of 12 employees and their salary cost including taxes was 436,287 euros. In 2021, the corresponding numbers were 15 employees and 445,701 euros.

Convertal OÜ's goal for 2022 is to increase export volume by finding new partners abroad. The minimum goal for the following year is to maintain the performance of 2022.

in terms of both turnover and profit. In a positive scenario, we forecast a turnover growth of 5%. No investments or significant research and development projects were made during the reporting year and none are planned for the following year.

Financial ratios 2021 2022

Sales revenue 4,617,148 5,968,974

Revenue growth % 360 29

Operating profit margin % 2.3 6.3

Net profit 95,472 1,087

Net profitability % 2.1 0.02

Short-term obligations coverage ratio 1.3 1.4

ROA % 10.5 16

ROE % 47 54

Formulas used in calculating ratios:

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

Operating profit margin (%) = operating profit / sales revenue * 100

Net profitability (%) = net profit / sales revenue * 100

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

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