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's activity report 2022

SaleMove OÜ was established on 14.01.2016, the owner of the company is Glia Technologies, Inc. based in the United States.

SaleMove OÜ is a company providing programming services, according to EMTAK 2008 the main activity of the company is programming (EMTAK 62011). The company sells services 100% to the parent company, who compensates SaleMove OÜ for costs with a margin. America

There is a high demand for quality programming services in the United States market. The financial situation of the parent company is stable, so despite the fact that the company has one client, the concentration risk is low. This is supported by the realization of the company's expansion plans and ambitious future prospects. No change in the field of activity is planned for the next financial year. The company is still operating.

Main events of the reporting year: (cid:127) Recruitment and training of labor force (cid:127) Increase in the average number of employees compared to the previous financial year by ~60% (cid:127) Sales revenue growth compared to the previous financial year by ~70%

During the reporting period, a total of 32,526 euros was invested in tangible fixed assets (updating and improving computer and information systems and office furniture). These investments are necessary to continue providing high-quality services. The company will continue with the aforementioned investments also in 2023.

Research and development activities focus on product development and prototyping. The developed products are then used to provide services to end customers. Separate research and development activities are aimed at increasing the security and durability of existing products and prototypes. The development area is communication and digital user support services.

The goal of SaleMove OÜ is to provide a quality, stable and flexible service solution to end customers and partners. The company's goal for the next financial year is to continue providing quality and flexible service solutions. We expect the company size to double in the near future. Continuous effective cooperation with end customers and the availability of qualified labor force are important for achieving the goals.

The information and communication sector is a high value-added and growing employment sector, the solutions of which have helped companies in other sectors to reorganize work during the virus crisis. The acceleration of digitalization may offer new business opportunities.

Of the Estonian economic sectors, the information and communication sector was least affected by the outbreak of the coronavirus. The impact of the crisis on the sector in the short term is rather positive - the rise of remote work and the search for contactless solutions increased the workload of IT and telecommunications companies. Compared to other sectors, companies in the information and communication sector have not postponed new investments and development activities.

During the reporting period, the company employed an average of 124 people (2021: 77). The board has two members, one of whom is paid.

Main financial ratios and their calculation methodology: 2022 2021

Sales revenue growth (%) 71.96 104.65

Operating profit margin (%) 6.54 6.54

ROA (%) 22.27 22.62

ROE (%) 45.79 49.11

Formulas used in the calculation of ratios:

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

Operating profit margin (%) = operating profit / sales revenue * 100

ROA, return on assets (%) = net profit / total assets * 100

ROE, return on equity (%) = net profit / total equity * 100