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's activity report 2022

Lehepunkt OÜ has been part of the Norwegian family business Reitan Convenience AS since May 2012.

Reitan Convenience AS is one of Europe's leading convenience store chains, employing 12,000 people in seven countries, serving approximately 1 million customers per day at about 2,000 sales points in the Nordic and Baltic countries.

The main activity of OÜ Lehepunkt is the distribution and wholesale of periodicals and entertainment products in Estonia. The company offers a wide range of newspapers and magazines from around the world, as well as crosswords, calendars, books, board games, and collectibles. The selection includes about 350 domestic and about 600 foreign periodicals. OÜ Lehepunkt's contractual partners are all leading retail chains and independent sales points. OÜ Lehepunkt serves approximately 1,000 sales points and delivers press products from printing houses to shopping centers, stores, kiosks, and petrol stations and libraries all over Estonia.

In addition to the above, Lehepunkt offers the consumer the opportunity to subscribe to and purchase journalism on the SIRVI web platform.

Main financial ratios 2022 2021

Sales revenue (thousand €) 15 079 15 389

Operating profit (thousand €) -169 381

Net profit (thousand €) -187 367

Sales revenue profitability % -1.12% 2.48%

Net profitability of sales revenue % -1.24% 2.38%

Coverage ratio of short-term liabilities 0.55 1.00

ROA % -3.81% 5.99%

ROE % -15.39% 20.35%

Formulas used in the calculation of ratios:

Sales revenue profitability % = operating profit / sales revenue * 100

Net profitability of sales revenue % = net profit / sales revenue * 100

Coverage ratio of short-term liabilities (times) = current assets / short-term liabilities

ROA % = net profit / total assets * 100

ROE % = net profit / total equity * 100

Staff

The board of OÜ Lehepunkt consists of 5 members and the management board of 2 members. The board members did not receive a salary in 2022. The management board members were paid a salary of 102 831 € (in 2021 90 949 €) Appendix 18. The average number of employees was 53 (in 2021 55), they were paid a total salary of 1 079 577 € (in 2021 1 055 188 €).