This company's branding has already reached 4,012 peopleand his is followed by 26 Storybook users.On average, the company has been rated 5.0 points.but there is no comment.

's activity report 2022

Introduction

AS Tempest was established in 1994. The company deals with the sale of finishing materials and abrasives and the conversion of sandpaper.

The main customers are furniture manufacturers.

In 2022, regular operations continued. The production and sale of abrasives have expanded to the Elva production complex completed at the end of 2014. So far, the market share of finishing materials has been maintained.

Revenues, Expenses, Profit

The net profit of AS Tempest in 2022 was 809,851 euros (2021: 855,758 euros). Sales revenue has decreased by 4.13% compared to the previous financial year, in 2022 6,266,175 euros (2021: 6,535,878 euros). During the financial year, the cost of goods sold increased by 6.40% and operating expenses increased by 1.40% compared to 2021.

Main financial ratios 2022 2021

Sales revenue (thousand euros) 6,266 6,536

Revenue growth -4.13% 12.67%

Gross profit (thousand euros) 1,358 1,923

Gross profit margin % 21.67% 29.42%

Net profit (thousand euros) 809.85 855.76

Profit growth -5.36% 112.55%

Net profitability 12.92% 13.09%

Current ratio 27.90 10.99

ROA 9.38% 10.47%

ROE 9.65% 11.22%

Formulas used to find financial indicators: (cid:127) Sales growth (%) = (sales revenue 2022 - sales revenue 2021)/ sales revenue 2021 * 100 (cid:127) Gross profit margin (%) = gross profit/sales revenue * 100 (cid:127) Profit growth (%) = (net profit 2022 - net profit 2021)/ net profit 2021 *100 (cid:127) Net profitability (%) = net profit/ sales revenue * 100 (cid:127) Current ratio (times) = current assets/current liabilities (cid:127) ROA (%) = net profit/ total assets * 100 (cid:127) ROE (%) = net profit/ total equity * 100

The general macroeconomic development of the operating environment has had a rather negative impact on the financial results of AS Tempest this year.

The company's business operations are year-round. Seasonality has mainly manifested in building renovations.

The first half of the financial year was regular, but in the second half, a large decline in turnover began in our markets, i.e. in the furniture sector. This is also reflected in

the financial results of AS Tempest.

The company's economic activities do not have significant environmental and social impacts.

Risk of changes in exchange rates and interest rates