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's activity report 2022

2022 was the thirteenth year of operation for Wexl Group OÜ. The sales revenue for 2022 amounted to 33,132,574 euros. The company's main activity is the wholesale of household appliances. In 2022, household appliances made up the main nomenclature.

Since 2016, the company has a branch in Latvia.

In 2022, the company had an average of 23 employees and labor costs amounted to 583,957 euros, of which the wage cost was 443,051 euros.

Employment contracts have been concluded with the members of the board, on the basis of which they work in the company.

In 2022, the board members were paid 12,800 euros. No remuneration was paid to the board members. There is no CEO position in the company.

In 2022, the company's net profit amounted to 1,213,219 euros.

During the reporting period, fixed assets were acquired for 31 thousand euros. No significant investments are planned for the near future.

During the reporting period, there were no significant research and development projects and related expenditures, nor are they planned for the coming years.

The general macroeconomic developments in the operating environment have not had a significant impact on the financial results of OÜ Wexl Group.

The economic activity of OÜ Wexl Group is not cyclical, some seasonality exists - sales in the end months of the year are higher.

The business activities of OÜ Wexl Group do not have significant environmental and social impacts.

During the financial year and the period of preparation of the report, no risks related to changes in exchange rates, interest rates and stock prices were identified.

Main financial ratios: 2022 2021

Sales revenue (thousand euros) 33,133 28,242

Revenue growth (%) ((sales revenue 2022-sales revenue 17.32 7.56 2021)/sales revenue 2021*100)

Operating profit margin (%) (operating profit/sales revenue*100) 3.69 1.79

Profit growth (%) ((net profit 2022- 141.70 -17.50 net profit 2021)/net profit 2021*100)

Net profitability (%) 3.69 1.65 (net profit/sales revenue*100)

Short-term liabilities coverage ratio 1.96 1.79 (current assets/short-term liabilities)

ROA (%) (net profit/assets*100) 12.18 5.43

Equity (thousand euros) 4,986 3,823