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's activity report 2022

Introduction

Filter Solutions OÜ was established in 2018 and has been part of the FILTER group of companies since 2019. The company's main areas of activity are the sale of comprehensive solutions and products in the field of energy production and water treatment. The business model is based on the sale of high-quality equipment and accessories, along with the implementation of solutions and subsequent maintenance of equipment. The management of Filter Solutions OÜ pays significant attention to agile management to ensure the flexibility of business processes, which is of critical importance in a changing business environment.

Key financial indicators

For the period 2022 2021

Sales revenue, eur 7 372 720 5 746 933

Operating profit, eur 261 491 63 218

Net profit for the period, eur 253 819 59 266

Ratios (%) 2022 2021

Growth in sales revenue, % 28.29 31.83

Growth in operating profit, % 313.63 -79.95

Net profit growth 328.27 -81.2 (decrease), %

Operating margin% = 3.55 1.10 (Operating profit/Sales revenue * 100)

Profitability% = 3.44 1.03 (Net profit / Sales revenue *100)

Return on equity % = (Net profit / Equity * 31.90 10.94 100)

Staff

As of the balance sheet date 31.12.2022, the company employed 53 people under an employment contract (as of 31.12.2021 53 employees).

The cost of labor, including taxes, amounted to 2.1 million euros (in 2021, 1.9 million euros).

Significant environmental and social impacts

Filter Solutions OÜ aims to be a promoter of innovative and environmentally friendly systems. An important value is to increase customers' environmental awareness and thereby support customers in developing their technologies by making systems more modern and efficient. Goals for the next fiscal year and events after the balance sheet date Filter Solutions OÜ's main goals for the next fiscal year are to ensure the quality of the services and products sold. The goal is to strengthen competitiveness in its geographical network of operations.

Goals for the next fiscal year