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's activity report 2022

Retim Europe OÜ started its economic activity in 2016. The main areas of activity are

Wholesale of wood and primary processed wood products (EMTAK 46731) The sales revenue for 2022 was 37,712,136 euros.

No major investments were made during the reporting period, no fixed assets were purchased.

In preparing the 2022 annual financial statements of Retim Europe OÜ, the continuity of the company's operations has been assumed.

Next fiscal year, the plan is to continue with the current activities, expand its market share and make a profit.

Main financial ratios 2022 2021

Sales revenue (in euros) 37,712,136 42,079,364

Revenue growth -10.38% 84.48%

Net profit (in euros) 3,316,749 2,949,743

Profit growth 12.44% 92.57%

Net profitability 8.79% 7.01%

Short-term obligations coverage ratio 2.58 2.04

ROA 18.72% 19.92%

ROE 30.55% 39.12%

Formulas used in calculating ratios: (cid:127) Sales growth (%) = (sales revenue 2022 - sales revenue 2021)/ sales revenue 2021 * 100 (cid:127) Profit growth (%) = (net profit 2022 - net profit 2021)/ net profit 2021 * 100 (cid:127) Net profitability (%) = net profit/ sales revenue * 100 (cid:127) Short-term obligations coverage ratio (times) = current assets/short-term obligations (cid:127) ROA (%) = net profit/ total assets * 100 (cid:127) ROE (%) = net profit/ total equity * 100