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's activity report 2022

AS Veikand is a company established in 1991, which deals with the sale of materials, additives and equipment to the food industry.

The sales revenue in 2022 was 6.997 million euros (in 2021 it was 6.636 million euros) and the net profit was 0.249 million euros (in 2021 it was 0.55 million euros).

The correction of net profit mainly came from financial investments, the operating profit was higher by 0.13 million euros. No new product groups were added.

Main ratios:

ROE 0.06

ROA 0.05

Liquidity ratio 1.76

Inventory turnover 5.07

The company employed 14 employees during the reporting year. The labor costs were a total of 385 thousand euros (in 2021 it was 380 thousand euros).

Normal business activities continued in the past fiscal year. The e-shop saksavorst.ee was developed, paid professional training was conducted, new products were developed together with customers. With the end of the pandemic, participation in professional fairs resumed, the largest and most important of which was IFFA held in May. The challenge for 2023 is problems related to customers' solvency. The sector situation continues to be tense due to rising input prices.

The board of the joint-stock company consists of one member, the salary cost was 19,775 euros.