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's activity report 2022

OÜ Sigwar is a thriving company that continues to engage in grain cultivation, production of animal feed, pig farming, and the production and sale of meat products. In the year 2022, OÜ Sigwar harvested winter wheat, summer wheat, winter barley, summer barley, rapeseed, and peas from its owned and rented fields. The 2022 grain yield was in line with expectations, demonstrating the company's consistent performance in the agricultural sector. All mineral fertilizers and plant protection products were supplied by Baltic Agro AS, a trusted partner in the industry.

The income derived from grain cultivation plays a significant role in sustaining the pig farming and meat industry operations of OÜ Sigwar. The pig farming sector is dependent on societal and economic changes, and the company has had to adapt accordingly. In response to these changes, the company has reduced its herd size, with the number of pigs decreasing by 28% compared to 2021. The pig farms continue to adhere to heightened biosecurity requirements due to the ongoing threat of African swine fever, and regular surveillance is conducted to ensure the health and safety of the animals.

In 2022, OÜ Sigwar made the strategic decision to close one of its sales points in Tallinn. This decision was made in line with the company's efforts to streamline its operations and focus on its core business areas. The number of employees has also decreased, reflecting the company's commitment to efficiency and productivity.

In terms of investments, OÜ Sigwar invested a substantial amount of 462,392 euros into fixed assets in 2022. Looking ahead to 2023 and beyond, the company has outlined several key objectives. These include initiating the renovation of the drying complex, starting the renovation of the farrowing block to enhance efficiency in pig farming, developing precision farming, maintaining the market share of its own meat products, and fostering team development.

The company's main financial ratios for 2022 and 2021 provide a clear picture of its financial health. The short-term obligation coverage ratio was 2.6 in 2022, down from 4.6 in 2021. The debt ratio was 0.1 in both years, indicating a stable level of liabilities relative to total assets. The capitalization ratio was also 0.1 in both years, showing a consistent level of liabilities relative to long-term liabilities and equity. The solidity ratio increased from 0.8 in 2021 to 0.9 in 2022, indicating a strong equity position relative to total capital. The gross profitability of sales revenue was 12.9% in 2022, up from 7.9% in 2021. The return on equity, or net profitability, was 7.3% in 2022, down from 9.4% in 2021. The return on assets, or net profitability of total capital, was 6.4% in 2022, down from 7.6% in 2021. These figures reflect the company's solid financial performance and its ability to generate returns on its investments.