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's activity report 2022

Airport Pharmacy OÜ was established on 04.03.2020 and the main activity of the company is the retail trade of medicines and other pharmacy goods (code 47731 of the Estonian economic activity classifier).

As of the end of the 2022 fiscal year, the company operates 4 pharmacies, 2 of which are located in Tallinn, 1 in Harju County and 1 in Ida-Viru County.

Regular economic activity took place in 2022.

During the period 01.01.2022-31.12.2022, the company's total sales revenue was 4,053 thousand EUR and net profit 1.3 thousand EUR (in 2021 the sales revenue was 4,222 thousand EUR and net profit -2.1 thousand EUR). The decrease in sales revenue was due to one pharmacy being under repair, which lasted a total of 2 months.

The EBITDA (i.e., operating profit before depreciation of fixed assets) for the 2022 fiscal year is 1.3 thousand EUR (EBITDA for the 2021 fiscal year -2.0 thousand EUR).

As of the end of the fiscal year on 31.12.2022, the working capital (current assets minus short-term liabilities) was 2.6 thousand EUR and the equity ratio (equity divided by total assets) was 0.4% (as of 31.12.2021, respectively 1.4 thousand EUR and 0.2%).

In the opinion of the management, Airport Pharmacy OÜ continues to operate and the company will continue to operate in the pharmacy sector.