This company's branding has already reached 2,058 peopleand his is followed by 8 Storybook users.On average, the company has been rated 4.1 points.and commented 11 times.

's activity report 2022

Baltic Bearing Factory OÜ started its operations on 23.05.2013. Due to reasons independent of the company's management, economic activity did not take place in the years 2013-2015. During this period, the management was engaged in studying laws and preparing for the launch of production. In 2016, the company started the production of bearings.

Revenues, expenses and profit.

In 2022, the sales revenue of Baltic Bearing Factory OÜ amounted to 12,114,883 EUR. 95.4% of the sales revenue was made up of goods sales. 4.6% of the sales revenue was made up of metal processing. The main export destinations are Russia and Kazakhstan. The company's 2022.

year's depreciation of fixed assets amounted to 248,605 EUR.

The profit for the 2022 financial year consists of 755,586 euros, from which no dividends were paid out.

The average number of employees in 2022 was 31 people, their salaries amounted to 548,608 euros. The company's management did not receive any remuneration during the financial year.

Main financial ratios 2022 2021

Sales revenue (EUR) 12,114,883 7,739,558

Revenue growth 56.53% -20.1%

Operating profit margin % 6.61% 1.47%

Net profit (EUR) 758,043 66,358

Net profitability 6.26% 0.86%

Short-term obligations coverage ratio 1.07 0.99

ROA 6.45% 0.73%

ROE 32.43% 4.20%

Formulas used in calculating ratios:

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

Operating profit margin (%) = operating profit/sales revenue * 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

Goals for the next financial year.

The main goal of Baltic Bearing Factory OÜ for the next financial year is to maintain and secure its market position in existing markets. The company treats the pandemic and the state of emergency as a non-adjusting post-balance sheet date event, it does not have a significant negative impact on our operations and financial indicators.