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's activity report 2022

Reme Grupp OÜ is a company established in the fall of 2009, whose main activity is to provide a complete solution for concrete work. Depending on the needs of the clients, the company carries out both small-scale concrete works and large, complex and innovative projects. The aim of Reme Grupp OÜ is to provide its current and future clients with a quality and flexible construction service.

The major projects of Reme Grupp OÜ in 2022 were: 1. Sõpruse pst 40 concrete works (Oma Ehitaja AS) 2. Vector house Pärnu mnt 137 concrete works (Nordecon AS) 3. Mustamäe State Gymnasium concrete works (Astlanda Ehitus OÜ) 4. Arteri quarter construction (Merko Ehitus Eesti AS) 5. Kurna shopping center concrete works (Mapri Ehitus OÜ) 6. Koidula 34 concrete works (Montreco OÜ) 7. Herne 30 Sports Hall concrete works (Nordlin Ehitus OÜ) 8. Narva school (Nordlin Ehituse OÜ)

The company's sales revenue for the financial year was 11,675,871 euros and net profit 1,268,461 euros. Total labor costs were 1,511,100 euros and the average number of employees during the financial year was 68 employees. The board of Reme Grupp OÜ consisted of 2 members during the reporting year. Gross salaries of 21,136 euros were calculated for the board members in 2022.

Reme Grupp OÜ made investments in fixed assets worth 344,298 euros during the financial year and plans to continue investing in the coming years. No research and development expenditures were made during the reporting year.

No significant events have occurred during the preparation period of the annual financial statements that are not reflected in the annual financial statements.

Main ratios:

Ratio 2022 2021

Sales revenue (euros) 11,675,871 8,780,866

Sales revenue growth 33.0% 53.1%

Net profit (euros) 1,268,461 1,678,663

Net profitability 10.9% 19.1%

Short-term obligations coverage ratio 2.14 2.13 (times)

ROA 18.8% 31.3%

ROE 29.2% 46.8%

Formulas used in calculating ratios:

Sales revenue growth (%) = (sales revenue 2022 – sales revenue 2021) / sales revenue 2021 * 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

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

Although the construction market has become more uncertain, the company has managed to increase sales revenue by 33% and maintain profitability. The main success factor is focusing on main contracting and concrete work. The goal for 2023 is to increase sales revenue and maintain profitability through more precise planning of construction work, team development, and efficient work distribution. The company uses different technical solutions whenever possible, which allow to work more efficiently even under changing conditions.

The execution of concrete work largely depends on weather conditions. In a snowless and warm winter, it is possible to carry out work all year round without problems. However, in case of more extreme weather conditions, one must be prepared to act quickly and flexibly.