Already 1,997 people have seen this company's branding and they are being followed by 2 Storybook user.In average the company has been rated 4.8 points but has not been commented.

's activity report 2022

Activities in the reporting year 2022.

Wisercat Estonia OÜ's activities continue to be related to software development. The company's results grew significantly compared to previous periods. The largest customer sectors are: energy, transport and logistics, finance and taxation, social sector.

Wisercat Estonia OÜ continued to focus on sales in 2022 and on implementing the projects that were started. The number of company employees increased by 30% during 2022. The initial goals were exceeded during the year in terms of both total company turnover and profit growth.

Due to the company's growth, offices were expanded in both Tallinn and Tartu.

Wisercat Estonia OÜ started a new business in the direction of cybersecurity.

Plans for the next fiscal year.

The main goal for 2023 will be to steadily grow the existing business in both the public and private sectors and to find new customers.

In addition, there are plans to expand the range of services offered. In the upcoming fiscal year, the company hopes to achieve at least a 30% increase in turnover and also to continue expanding the company's workforce.

The impact of the interest rate increase that began in 2022 and continues in this fiscal year on future economic results is considered low by the management. In the past fiscal year, interest expenses accounted for 0.04% of total costs. Similarly, the management considers the impact of exchange rate changes to be low, which accounted for 0.01% of total costs in the previous fiscal year.

Wisercat Estonia OÜ's main financial indicators and ratios 2022 vs 2021

Sales revenue (EUR) 5 165 150 3 857 923

Sales revenue growth (%) 33.88 75.68

Net profit (EUR) 557 523 85 537

Average number of employees 35 21

Return on assets (ROA) 0.32 0.08

Return on equity (ROE) 0.54 0.17

Current ratio 2.41 1.87

Net profit margin 0.11 0.02

Formulas used to find ratios:

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

Return on assets (ROA) = Net profit/Assets

Return on equity (ROE) = Net profit/Equity

Current ratio = Current assets / Current liabilities