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's activity report 2022

Nordicore Operations OÜ was established on 24.04.2016, in 2020 the company was renamed Introduct Estonia OÜ to unify the names of all companies belonging to the Introduct Group located all over the world. The main field of Introduct Estonia OÜ is the development, maintenance and management of IT systems.

In 2022, the turnover was 4.4 million euros and the profit was 288.8 thousand euros. The company employs seven full-time employees and they were paid 299.5 thousand euros in salaries. In 2022, dividends of 83.6 thousand euros were paid.

In 2022, a subsidiary was established with a 70% stake.

During the years of operation of the company, no major client or partner has terminated cooperation, instead, other companies have been added that use our service. When communicating with the client, our goal is to map his needs and then provide the best possible service to guarantee long-term cooperation. In this way, we create value for our clients through information technology solutions and management. The value for the client can be more efficient work organization, profit growth, competitive advantage, satisfied employees or all of these at once. It is important for us that the service we provide is of high quality and makes our clients' business processes more efficient.

In 2023, the company plans to increase turnover, expand operations through the customer base, invest significantly more in marketing activities, and continue recruitment, professional development and training of employees, modernization of technological solutions and making internal processes more efficient so that the company's main process supports growth and ensures continued customer satisfaction with the service.

Financial ratios and their discussion methodology 2 022 2 021

Sales revenue growth 111.7% 73.0%

Operating profit margin 7.7% -0.3%

Liquidity ratio 1.39 1.25

Equity ratio 38.1% 35.5%

Sales revenue growth = (sales revenue in the reporting year - sales revenue in the previous year) / sales revenue in the previous year

Operating profit margin = operating profit / sales revenue

Liquidity ratio = current assets / short-term liabilities

Equity ratio = equity / total assets