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's activity report 2022

PG Oil OÜ was established in 2021 as a subsidiary of Pro Grupp Invest OÜ. The company's main activity is the production of cooking oil and cake from oil crops.

The aforementioned products are mainly sold to the parent company, thereby ensuring the certainty of components and prices for the buyer.

In 2022, a contract was signed for the construction of a factory and bunker warehouse, with an investment of approximately 8.4M EUR. The factory will be completed by the beginning of 2023. Production began in January 2023. This investment allows the processing of oilseeds grown by Estonian farmers and the use of high-quality local raw materials in feeds.

In the first quarter of 2023, the equipment will be set up and full capacity will be reached by the second quarter of 2023.

Key financial ratios of PG Oil OÜ: 2022 2021

Profitability (operating profit / sales revenue) % 0.18 0.00

Liquidity ratio (current assets / short-term liabilities) times 0.71 0.36

Debt ratio (total debt / assets) times 0.93 0.60