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's activity report 2022

OÜ Keystone Group was established on 04.08.2015. Active economic activity started in the same year.

In 2022, OÜ Keystone Group's sales revenue amounted to 189,032,077 euros.

The board of the company is single-member, nothing has been accounted for or paid to the board during the reporting period.

Keystone Group OÜ deals with the sale of sawn timber. In 2022, the traditional business volumes of Keystone Group OÜ continued to grow steadily and the market share achieved in previous years was secured.

Last year brought steady growth to the production sector as a whole. The company's good results were favored by factors such as the growth in sawn timber sales, which was supported, among other things, by focused and cost-effective development activities.

In 2022, Keystone Group OÜ's sales revenue amounted to 189.0 million euros. At the same time, the sale of goods increased by 248% over the year.

100% of Keystone Group OÜ's sales revenue was made up of exports. The largest export destination continued to be China and South America.

Keystone Group OÜ's gross profit amounted to 2.6 million euros, which is 29% less than last year. The growth in gross profit was based on the growth in sales of goods. General administrative expenses were 0.823 million euros and marketing expenses were 184.3 million euros.

2022 2021

Operating profit 4 318 016 3 853 863

Sales revenue 189 032 077 79 001 156

Operating profit margin % 2.30 4.88

Net profit 2 564 402 3 597 938

Net profit margin % 1.36 4.55

Equity 14 370 132 11 805 730

Return on equity (ROE)% 18 30

Average total assets 56 277 491 36 112 577

Return on assets (ROA) % 4.6 9.96

Current assets 56 277 491 36 112 577

Short-term liabilities 41 907 359 24 306 847

Coverage ratio of short-term liabilities, times 1.34 1.49

Operating profit margin= Operating profit / sales revenue x 100

Net profit margin=Net profit / sales revenue x 100

Return on equity= net profit / average equity for the period x 100

Return on assets=net profit / average total assets for the period x 100

Coverage ratio of short-term liabilities=current assets / short-term liabilities

Goals for the next fiscal year

The main goal of Keystone Group OÜ for the next fiscal year is to maintain and secure the company's market position in a cooling economic environment. One of the management's priorities is to continue to increase sales efficiency through reduced costs and employee training. In 2023, Keystone Group OÜ plans to invest effectively in marketing and the search for new clients and areas of activity.

In 2023, the main goal of Keystone Group OÜ is to find new potential markets and niches and to retain existing clients.