This company's branding has already reached 5,459 peopleand his is followed by 57 Storybook users.On average, the company has been rated 4.5 points.and commented 2 times.

's activity report 2022

The main activity of Messiehitus OÜ in the past reporting year was still the organization of building and facility design and the provision of construction services as a general contractor. The company's business activities took place in Estonia.

The sales revenue of Messiehitus OÜ in 2022 was 17.6 (in 2021 it was 8.5) million euros. Sales revenue increased by 106.4% compared to the previous financial year (in 2021 it increased by 51.25%). The profit for the reporting year was 816 (in 2021 the profit was 107) thousand euros. Considering the large changes in input prices during the financial year, the company successfully coped with the changes in input prices. The management assesses the financial results for 2022 as good.

Messiehitus OÜ did not make any research and development expenditures during the reporting period and these are not planned for 2022 either.

The average number of employees of Messiehitus OÜ in the reporting year was 16 employees (also 16 in 2021). Wage costs in the financial year were 507 (404 in 2021) thousand euros. No remuneration was paid to the member of the management board for the work of the management board and no benefits were granted to him. No compensation is provided for the member of the management board in case of resignation or recall.

The financial results of Estonian construction companies largely depend on the external environment. Last year's energy crisis and the war against Ukraine started by the Russian Federation in 2022 affected the prices and availability of materials. As the war continues, it will certainly affect the financial results for 2023. We foresee a continuation of the rise in material prices in 2023. In addition to the ongoing war, the uncertainty caused by rising interest rates affects this year's financial results in the real estate sector and the number of new orders has decreased. As a result of the above, a general decline in the turnover of construction companies can be predicted for this year.

The areas of activity of Messiehitus OÜ in the next financial year will remain the same as in previous years. For the 2023 financial year, we forecast the company's turnover volume to be 13 million euros and profit to be 425 thousand euros.

Financial ratios Calculation methodology 2022 2021

Sales growth/decline sales revenue 2022 - sales revenue 2021 / sales revenue 2021 x 100 106.4% 51.25%

Operating profitability operating profit / sales revenue x 100 4.65% 1.27%

Net profitability net profit / sales revenue x 100 4.64% 1.25%

Return on equity ROE net profit / equity x 100 71.71% 33.15%

Return on total assets ROA net profit / cost of assets x 100 29.5% 5.54%

Sales revenue per employee sales revenue / average number of employees 1 098 921 532 414

Profit/loss per employee net profit / average number of employees 50 990 6 668

Labour costs per employee labour costs / average number of employees 42 100 33 556 labour costs per employee 2022-labour costs per employee

Growth/decline in labour costs 25.5% 27.0% 2021 / labour costs per employee 2021 x 100