This company's branding has already reached 14,734 peopleand his is followed by 106 Storybook users.On average, the company has been rated 4.6 points.and commented 480 times.

Activity report 2022

FEB Joint Stock Company was established in 1991 and is a wholesale and retail company of sanitary ware, heating and ventilation systems, tools and low-voltage systems.

FEB has its own sales chain throughout Estonia. Regardless of the location of the sales center, the service, product range, and interior and exterior design are similar.

FEB sales representatives with a uniform appearance are familiar to visitors in Tallinn, Tartu, Pärnu, Rakvere, Narva and Viljandi.

In 2022, AS FEB's sales revenue was 48,535 thousand euros! (2021: 38,362), which is 26.5% more than in 2021. At the same time, 99% of the goods were sold

in Estonia.

The net profit of AS FEB's economic activity in 2022 amounted to 2,556 thousand euros (2021: 1,883). The balance sheet value of the company's assets increased by 3,266 thousand euros during 2022 and amounted to 31,391 thousand euros (2021: 28,125). Equity increased by 4,074 thousand euros during the year, amounting to 26,195 thousand euros (2021: 22,121).

In 2021, 386 thousand euros were invested in tangible and intangible fixed assets.

The subsidiary Vaga Tehnika Eesti OÜ was merged with FEB AS as of 01.04.2022.

AS FEB has a three-member board and a one-member management board. No fees were paid to the members of the Management Board and the Supervisory Board during the reporting year. The remuneration paid to the CEO was 68 (2020: 49) thousand euros.

The average number of employees during the reporting period was 131 (2020: 126) and the total remuneration of employees was 3,541 (2021: 2,838) thousand euros.

Since September 2006, AHLSELL SVERIGE AB has been the 100% owner of AS FEB shares.

In 2023, AS FEB will continue to sell sanitary ware, heating and ventilation systems, tools, electricity and low-voltage products.

Settlements with partners outside the European Union are mainly in EUR or to a lesser extent in their local currencies, mainly

Swedish kronor, British pounds or US dollars. The possible risk of exchange rate fluctuations arises from settlements in these countries' local currencies, but the share of these countries is not so large in relation to total sales and purchases that possible exchange rate changes would have a significant impact on the company's economic activity. The currencies of these countries have historically been quite stable against the euro. Historically, exchange rate changes have not had a significant impact on the company's financial results. The loan interest rate is fixed.

The company sets goals for environmentally friendly activities and monitors their achievement. The main goal is to reduce the environmental footprint, including Czy0x2 wsavausttser jqap eonnemrgilak jkiahsgutfaemdicsbe avZähYenXdWamVinUe, Ts.Sh RtaQasPtuOveNnMergLiaK JaIsHutGamFisE suCuBreAndamine (e.g. solar energy), reuse of materials, collection and utilization of waste by type (including compliance with the packaging recycling law). As a socially responsible company, we actively support extracurricular activities and professional sports in Estonia.

Russian-Ukrainian conflict and inflation: We continuously assess the risks arising from the inflationary environment and sanctions imposed on Russia to our economic activity and implement risk mitigation measures. As it is difficult to assess the duration of the military conflict in Estonia and Europe in the short term, we do not consider it appropriate to give a quantitative assessment of the possible future impact on the company and its financial indicators at the time of preparing the current financial statements. zyxwvutsrqponmlkjihgfedcbaZYXWVUTSRQPONMLKJIHGFEDCBA

Main financial ratios 2022 2021

Sales revenue (thousand euros) 48,535 38,362

Sales revenue change 26.5% 11.3% --

Gross profit margin 20.5% 20.8%