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's activity report 2022

The joint-stock company Rauameister, established in 1996, is a mechanical engineering company for the design and production of bulk material handling equipment, mainly for the energy sector.

We are a significant metal processing industry and employer in the region, employing more than a hundred workers.

In the reporting year, sales revenue increased to 9.6 million euros. The increase in revenue was mainly due to price increases, but also a 22% increase in the volume of goods produced and sold. 98% of the production was delivered to European

Union countries, mainly to the Republic of Finland.

In 2023, the main activity of AS Rauameister will continue. Although global crises and the war in Ukraine have changed the economic environment and the fluctuation of raw material and energy prices continues to rise, the mechanical engineering industry oriented towards the energy and wood processing sector is stabilizing. Green energy provides additional financing in these sectors in addition to loan capital, also in the form of national and EU support. AS Rauameister's main partners in Finland sell their solutions worldwide and having the ability to implement even more complex projects, our role in fulfilling their orders is growing. Significant investments for 2023 are not planned, but development work on digitizing production processes continues.

The purchase and sales currency of AS Rauameister is the euro. In making transactions with financial assets, very conservative investment principles have been followed with the aim of ensuring the liquidity of financial assets, the preservation of value and also earning income. The company's operations do not have seasonality, but to hedge against the rise in material and raw material prices, strategic material stocks cover a significant part of the needs for the next year. Significant environmental and social impacts are not associated with the activities of AS

Rauameister.

2022 2021

Sales revenue 9629944 6340689

Turnover growth 51.9% -16.6%

Net profit 936825 33503

Profit growth 2696.2% -96.9%

Operating margin 9.73 0.1

Short-term obligations coverage ratio 9.9 9.84

Liquidity ratio 3.81 2.75

ROA 8.06% 0.01%

ROE 9.49% 0.01%

Formulas:

Turnover growth = (sales revenue 2022 - sales revenue 2021) / sales revenue 2021 * 100

Profit growth = (net profit 2022 - net profit 2021) / net profit 2021 * 100

Operating margin = net profit / sales revenue

Short-term obligations coverage ratio = current assets / short-term obligations

Liquidity ratio = (current assets - stocks) / short-term obligations

Return on Assets (ROA) = net profit / assets