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's activity report 2022

Introduction

WMT Invest OÜ was established on 22.07.2021 without making a share capital contribution. On 02.08.2022, a monetary contribution to the share capital was made in the amount of 2,500 euros, which was registered in the commercial register on 02.02.2023.

The main activity of WMT Invest OÜ is the sale of used and new passenger cars and minibuses (with a total mass of less than 3.5t) and other unclassified business activities. In 2022, a strategic decision was made to expand operations to Europe. From that moment on, even more time is dedicated to individual work with clients and efforts are made to make truly valuable, interesting offers in every sense to the company's partners. The main priority of the company's work is the quality of service, logistical processes, negotiation stage, and legal framework.

Economic Environment

The automotive industry has been hectic in recent years - due to the chip crisis, there was a deficit of new cars and the used car market flourished. Now new cars are back on the market, but people's confidence in consumption has taken a serious hit due to price increases. General price increases and rising living costs make consumers and companies more insecure and larger expenses, such as buying a new car, are postponed to the distant future. At the same time, however, car dealers' warehouses are filling up as car factories have been vigorously fulfilling interim pre-orders. Special offers and discounts are being made again to attract buyers.

More and more new cars are coming to the market, which will continue the decline in used car prices in the coming year as well.

Revenues, expenses and profit In 2022, WMT Invest OÜ's sales revenue amounted to 6,492,775 euros, of which sales in Estonia accounted for 17.3% and sales in Poland 82.3%. The company's sales revenue increased 40 times compared to 2021 and the profit amounted to 1,278,870 euros. The volume of expenses during the reporting period amounted to 5,186,264 thousand euros: of these 99% - purchased goods and services, 1% - labor costs. The company successfully continued to develop its business and the thoughtful activities of the sales department ensured that important customers did not disappear and cash flows remained at the necessary level.

The range of cars in 2022 has not changed significantly compared to previous years.

There is no noticeable seasonality or cyclical nature in the company's business activities.

The company's shareholders do not have an official dividend policy. The distribution of dividends is decided when the company has achieved a strong financial position, taking into account at the same time the growth ambitions of the shareholders and the desire to make a profit allocation. In 2022, no dividends were paid.

The management has no doubt that WMT Invest OÜ is capable of continuing as a going concern.