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's activity report 2022

General

Eurosec OÜ was established on 05.03.2009 and its main activity is the sale of various military, law enforcement, rescue, safety and security equipment. Among other things, they are involved in the product development and production of tactical special equipment.

The company's board is single-member. As of 31.12.2022, the company employed 3 employees under employment contracts. The board was paid 16,250 euros in 2022.

Eurosec OÜ's sales revenue for the 2022 financial year was 2,170,540 euros and the loss from business operations was 1,070,840 euros.

The decline in turnover and profit from sales was expected. The decline in stock markets set the tone for the loss.

The activities of the period still took place according to previously set goals.

Most sold product categories in 2022: • Ammunition; • Barriers and fences; • Firefighting and rescue equipment; • Personal protective equipment; • Tactical equipment; • Watercraft.

In 2022, shares were acquired for 565,040 EUR and sold at an acquisition cost of -69,130 EUR, resulting in a loss and revaluation loss of -871,573 EUR in total.

In 2022, an additional 689,440 EUR was invested in real estate investments and no sales took place. In addition, 203,523 EUR was invested in tangible fixed assets.

The focus for the future in 2023 continues to be on the development and production of own products. Also on making the entire customer and sales management more efficient through the use of software solutions - both in Estonia and in export markets.

To support e-channel sales and retail sales to customers, we will add product groups in the coming years that would help increase sales revenue in this area.

We will put more emphasis on environmentally friendly and innovative solutions that help customers better achieve environmental goals. E.g. electric vehicles (e.g. fire trucks) and equipment. Various products and solutions have been introduced by now and it is highly likely that we will see a significant increase in the sales revenue of such products in the coming years.

As for investments, we will continue to invest in real estate and shares.

Financial ratios

Formula 2022 2021

Return on sales Reporting year profit / Sales revenue -49% 24%

Short-term debt coverage ratio Current assets / Short-term liabilities 4.88 55.06

Debt ratio Liabilities / Total assets 0.14 0.01

ROA Reporting year profit / Assets -14% 33%