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's activity report 2022

Our main activity is the manufacture of construction structures.

The company's activities do not involve significant social and environmental impacts.

In 2022, we increased production volume by over 69% compared to the previous year, due to the growth in sales orders. The growth in sales revenue was partly influenced by a higher price, which increased the selling price, and partly by increased production capacity.

In the past fiscal year, we invested 7 thousand euros.

The number of employees in the reporting year was 21 employees.

In 2023, we do not plan to hire new employees.

In the near future, we do not plan to make investments. Our main markets are the Scandinavian countries, where a decrease in construction volumes is forecasted for 2023. Therefore, we foresee a more challenging period for the coming year.

There is generally no seasonality in our main activity.

There were no research projects in the reporting year and none are planned for the following years. At the moment, we cannot predict the directions of development for the following years.

Settlements with buyers and suppliers are usually in euros.

OÜ MetEst Steel's sales revenue in 2022 was 6,504,209 euros. The company's operating profit for 2022 was 518,971 euros.

Main financial ratios 2022 2021

Sales revenue 6,504,209 2,355,773

Revenue growth 176% 29 %

Operating profit 518,971 25,182

Short-term obligations coverage ratio 1.37 1.08

Formulas used in calculating ratios:

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

Short-term obligations coverage ratio (times) = current assets / short-term obligations