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's activity report 2022

Ertenergy OÜ's initial public offering was confirmed on 20.05.2014. The company's fiscal year begins on 01.11 and ends on 31.10.

Ertenergy OÜ is an international sales company for energy-related products, which has been active in the European market since May 2014.

Ertenergy OÜ's business activities include the following trade sectors: energy, renewable energy, energy efficiency, emissions, environmental protection and energy certificates. Ertenergy OÜ collaborates with partners worldwide in its business activities and is recognized as an experienced and reliable partner in the energy business.

Ertenergy OÜ is expanding its trade activities to new energy markets in the European Union countries.

Our business development plan related to trade operations focuses on Central and Southeast European countries.

In the next fiscal year, Ertenergy OÜ plans to continue its current activities and expand its trade activities to new energy markets in the European Union countries.

There were no working conditions during the reporting period and no other compensation was paid to the board member.

Main financial ratios of Ertenergy OÜ: 2021-2022 2020-2021

Sales revenue (in thousands of euros) 29021 5416

Net profit(-loss)(in thousands of euros) 55 25

Net profitability (%) 0.19 0.5

Short-term obligations coverage ratio (times) 753 1697

ROA (%) 1.08 0.49

ROE (%) 1.08 0.49

Net profitability (%) = ((net profit(-loss)/sales revenue) x 100)

Short-term obligations coverage ratio (times) = current assets/short-term obligations

ROA (%) = ((net profit(-loss)/assets) x 100)

ROE (%) = ((net profit(-loss)/equity) x 100)