This company's branding has already reached 1,742 peopleand his is followed by 172 Storybook users.On average, the company has been rated 5.0 points.but there is no comment.

's activity report 2022

OÜ ELPA was established in 2011.

OÜ Elpa plans to engage in trade in the agricultural and food industry sector.

In 2011, there was no economic activity, but in 2012 and 2013, the company expanded its operations to Lithuania.

OÜ Elpa is a company whose main activity is the purchase and sale of milk. The company has long-term contracts with sellers and buyers, which ensures a certain stability.

In 2016, the company resumed its milk procurement and brokerage activities.

On December 28, 2016, Elpa OÜ acquired a 50% stake in Vaimastvere Agro OÜ and a 50% stake in Agro Piim AS.

Latterly, an additional 1% was purchased and Vaimastvere Agro OÜ is a subsidiary.

The spread of the coronavirus, military action in Ukraine, and imposed sanctions have not, in the management's opinion, affected OÜ Elpa's operations and economic situation. The management believes that the company is still operating and there is no intention or need to terminate.

In 2022, normal business activity in milk procurement and brokerage - seasonally from spring to autumn, turnover is higher than in winter months.

Milk prices are determined by the price obtained for production from export markets.

Two plots were purchased for real estate development purposes, no other significant research and development projects and related expenditures are planned for the reporting year and subsequent years.

There are no significant events that could affect the company's operations and stability in the next financial year.

In the 2023 financial year, the plan is to continue with the main activity and focus mainly on increasing the customer base.

Significant environmental and social impacts: The company's operations depend largely on the productivity and development of Estonian agriculture, the performance of agricultural enterprises. The company continues to have a large share of milk exports.

The company's workforce is very stable, there is no labor turnover.

Investments: No major investments are planned.

No remuneration has been calculated for the members of the board.

Exchange rate and interest rate risk: The interest on the company's long-term loans is fixed in contracts, changes in EURIBOR do not affect the company.

2021 2022

Sales revenue 29 372 797 57 866 745

Net profit 16 435 230 115

Net profitability (%) 0.06 % 0.4 %

Short-term obligations coverage ratio (times) 1.06 1.01

ROA (%) 0.42 3.98

ROE (%) 10.79 6.02

Formulas used in calculating ratios: * 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