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's activity report 2022

The first entry for Tartu Pharmacies OÜ was made in the Business Register on 02.03.2020.

The main activity of Tartu Pharmacies is the operation of pharmacies (code 47731 of the Estonian economic activity classifier), the company has 3 pharmacies in Tartu as of the end of the reporting year.

In 2022, Tartu Pharmacies OÜ had sales revenue of 5,430,539 (2021: 5,014,393) euros and a profit of 234,847 (2021: 240,046) euros.

2022 financial indicators:

Financial indicators (in euros) 2022 2021

Sales revenue 5,430,539 5,014,393

Net profit(-loss) 234,847 240,046

Net profit margin 4.3% 4.8%

Assets 957,132 858,840

Asset productivity 24.5% 28.0%

Equity ratio 62.0% 42.0%

Formulas used:

Net profit margin : net profit/sales revenue*100

Asset productivity : net profit/total assets*100

Equity ratio : equity/total assets*100 In 2023, according to the management's estimate, Tartu Pharmacies OÜ will continue to operate, maintaining its market share