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's activity report 2022

Streetbrand OÜ is part of the FIFAA AS group. Streetbrand OÜ was established in 2013 and the main activity of the company is retail sale of sports and leisure goods in three Ballzy concept stores and online at ballzy.eu web store.

The financial year started on 01.01.2022 and ended on 31.12.2022.

The parent company of Streetbrand OÜ is AS Fifaa, which is registered in the Republic of Estonia. Streetbrand OÜ is a 90% subsidiary of AS Fifaa.

In the past financial year, sales revenue was 10,039.7 thousand euros (in 2021, 6,152.3 thousand euros). In 2022, the company's net profit was 1,294.6 thousand euros (in 2021, the company earned a net profit of 537.0 thousand euros).

Sales revenue mainly increased due to the continued growth of e-store sales, especially in the Finnish and Lithuanian markets. In addition, we opened a new Ballzy store in the summer

in Viru Center in Tallinn. Global trends in the footwear market and the demand for brands represented by Streetbrand OÜ positively affected sales revenue.

The company's wage cost was 482.1 thousand euros (in 2021, 361.3 thousand euros).

Main financial ratios (in thousands of euros) 2022 2021

Sales revenue 10,039.7 6,152.3

Sales revenue growth 63.2% 87.8%

Net profit 1,294.6 537.0

Profit growth 141.1% 363.3%

Net profitability 12.9% 8.7%

Formulas used in calculating ratios:

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

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

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

Staff

The average number of employees of Streetbrand OÜ, adjusted to full-time, was 17 employees in the financial year (2021: 13 employees). In 2022, labor costs amounted to 642.1 thousand euros (2021: 480.6 thousand euros). The remuneration calculated for the members of the board in 2022 was 65.5 thousand euros (in 2021, 55.5 thousand euros).

Seasonality of business

There are no major seasonal fluctuations in the company's business under normal economic conditions.

Environmental and social impacts

Streetbrand OÜ's activities do not have significant environmental and social impacts.

Investments

Streetbrand OÜ invested 398 thousand euros in tangible and intangible fixed assets during the reporting period, in 2021, 277 thousand euros.

Goals for the next financial year

Next financial year, Streetbrand OÜ plans to continue in the same fields of activity, in addition, we plan to expand the market share of the Ballzy e-store in existing markets, where we see the greatest potential especially in Finland. From new markets, we plan to expand to the Swedish market with the Ballzy online store.