This company's branding has already reached 2,767 peopleand his is followed by 43 Storybook users.On average, the company has been rated 4.5 points.and commented 56 times.

's activity report 2022

In 2022, AS WERMSTOCK's traditional business activities continued and the market share achieved in previous years was secured in a situation where the Estonian construction market grew, but competition among construction material sellers also intensified.

In 2022, AS WERMSTOCK's turnover was 7,527,721 euros, which is 31.84% more than in 2021. Of the goods, 2.72% were sold abroad.

The main activity of WERMSTOCK AS is the project, wholesale and retail sale of interior finishing and construction materials. The following products made up the majority of our sales in 2022: ceramic wall and floor tiles, sanitary ware, bathroom furniture, bathtubs, mixers, shower systems, glass mosaic, massage bathtubs and massage pools, steam saunas, shower corners.

The company's net profit for 2022 was 805,913 euros, which is 34.41% more than in 2021.

Main financial ratios for the 2022 financial year and the preceding 2021 financial year: 2022 2021

Turnover growth ((sales revenue 2022 - sales revenue 2021)/ sales revenue 2021 * 100): 31.84% 21.97%

Profit before income tax profit % (Profit before 11.52% 11.44% income tax/sales revenue * 100):

Profit growth((net profit 2022 - net profit 2021)/ net profit 2021 * 100): 34.41% 62.25%

Net profitability (net profit/ sales revenue * 100): 10.71% 10.50%

Short-term obligation coverage ratio(current assets/short-term obligations): 6.04 3.43

ROA(net profit/ total assets * 100): 24.28% 18.35%

ROE(net profit/ total equity * 100): 28.94% 25.64% In 2022, AS WERMSTOCK had an average of 10 employees and the wage cost including taxes was 376,912 euros, including the board member's fee with tax 23,155 euros. The board of AS WERMSTOCK consists of three and the management board of one person.

No remuneration has been paid to the members of the company's supervisory board.

The main goal of AS WERMSTOCK for the next financial year is to increase the company's market share in all main areas of activity and to keep the return on equity above 20%.

We expect that the Estonian construction market will not grow in 2023 but rather decrease compared to 2022, due to the increase in the prices of products and energy carriers and the sharp rise in bank interest rates. In this regard, we also expect a decrease in WERMSTOCK AS's turnover or remaining at the same level, but this depends primarily on the general trends of the construction and real estate market.

According to the division plan prepared on 22.02.2023, the Joint Stock Company WERMSTOCK (dividing company) will be divided by separation, whereby the dividing company transfers part of its assets to the acquiring new company, which is being established. The division decision has been approved by the sole shareholder of Joint Stock Company WERMSTOCK on 22.02.2023. As a result of the division, the share capital of the dividing company does not change. The purpose of the division is to separate the investment activity from the main activity of AS Wermstock.