This company's branding has already reached 6,155 peopleand his is followed by 36 Storybook users.On average, the company has been rated 4.8 points.but there is no comment.

Activity report 2022

The main activity of the company is the sale of ventilation equipment (EMTAK 46699).

Despite the decline in the construction market, we managed to maintain our market position. Due to the decrease in residential construction, the demand for corresponding products was smaller. However, we managed to supply equipment to several large business objects. Due to the increase in loan interest rates, a rapid recovery of the construction market is not foreseeable. Also, the tax changes planned by the government add uncertainty.

Revenues, expenses and profit

The turnover of the financial year was 6 657 360 EUR (2021/2022 was 6 025 823 EUR). Compared to the previous financial year, the turnover growth is 11.57% (2021/2022 the turnover growth was 37.54%).

Main financial ratios 2022/2023 2021/2022

Sales revenue (EUR) 6 657 360 6 025 823

Gross profit margin % 26.69% 25.29%

Net profit (EUR) 488 113 487 407

Profit growth (+) / decrease (-) 0.14% 163.82%

Net profitability 7.33% 8.09%

Short-term obligations coverage ratio 2.66 2.55

ROA 14.44% 15.35%

ROE 19.60% 20.80%

Formulas used in calculating ratios: (cid:127) Sales growth (%) = (sales revenue 2022/2023 - sales revenue 2021/2022)/ sales revenue 2021/2022 * 100 (cid:127) Gross profit margin (%)= (sales revenue - goods, raw materials and services)/sales revenue * 100 (cid:127) Profit growth (%) = (net profit 2022/2023 - net profit 2021/2022)/net profit 2021/2022 * 100 (cid:127) Net profitability (%) = net profit/sales revenue * 100 (cid:127) Short-term obligations coverage ratio (times) = current assets/ short-term obligations (cid:127) ROA (%) = net profit/ total assets * 100 (cid:127) ROE (%) = net profit/ total equity * 100

Staff

The company employed an average of 14 full-time employees during the financial year and the labor cost was 714 534 EUR (2021/2022 was 586 803 EUR). The company's board consists of 2 members, there are 3 members in the council. During the financial year, the management's salary fund was 192 312 EUR (2021/2022 was 179 838 EUR). The company has no potential lawsuits related to board members.

Goals for the next financial year

The goal for the next financial year is to strive in market competition despite the decline in the construction market and economic instability.

Aivar Paluvee

Board member