LENNE OÜ

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This company's branding has already reached 8,710 peopleand his is followed by 95 Storybook users.On average, the company has been rated 4.7 points.and commente

LENNE OÜ current status

This company's branding has already reached 8,710 peopleand his is followed by 95 Storybook users.On average, the company has been rated 4.7 points.and commented 267 times.

's activity report 2022

OÜ Lenne's main activity is the design and production of children's outerwear. The main product categories are overalls, jackets, trousers, hats and gloves. Approximately 1,000,000 products are produced annually, 250 different models. (EMTAK 1419)

The company was founded in 1991. OÜ Lenne employs 50 people, many of whom have been with the company since its inception.

Products are manufactured based on customer orders, with peak sales in spring and autumn. 30% remains in the Estonian market. LENNE branded products are sold in over forty stores in Estonia.

In 2022, OÜ Lenne's turnover was 12,561,484 euros. In 2022, 98% of the turnover consisted of the production and sale of children's clothing.

Main financial ratios 2022 2021

Sales revenue 12,561,484 11,974,155

Profitability 0.12 -0.13

Operating profit/Net turnover

Profitability 0.45 0.41

Net profit/Net turnover

OÜ Lenne attributes its success to efficient production, high quality and personalized design. The quality of the products is guaranteed by long-term experience in the production of children's clothing.

In the management's opinion, there is no need to implement currency risk hedging measures, the base currency for financial assets and long-term liabilities is the euro and sales transactions are made in euros. The obligation to suppliers is partly in dollars but the associated currency risk does not have a significant impact on the company's results.

In 2022, we have started cooperation with new clients in Ukraine and Kazakhstan.

The value of financial investments is exposed to stock market risk, the result of financial investments in 2022 is profitable, the stock prices in 2023 have generally moved in a neutral direction for the company.

Due to the unstable situation in the world economy, there is a lack of confidence in economic growth. It is important that we maintain hope despite economic setbacks.

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