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's activity report 2022

OÜ Sporrong Estonia brief description

The main activities of OÜ Sporrong Estonia are: * production and sale of various metal products (badges, medals, uniform details, tie pins, etc.); * sale of advertising products.

Shareholder information:

By the end of the year, the share capital amounted to 2784 euros, which consists of one part. The owner of the share is AB Sporrong.

Business name: AB Sporrong

Registration code: 556221-1820

Legal address: BOX 6042 171 06 Solna, Sweden

In 2022, OÜ Sporrong Estonia made investments in the implementation of new technology. A modern laser cutter, laser welding and engraving and milling system were purchased. In cooperation with the University of Tartu, a project was started concerning the automation of nitric acid cleaning.

The ongoing war in Ukraine and the sanctions directed against the Russian Federation have an impact

on the economy of Europe and the whole world. The company has no direct contact with Ukraine, Russia or Belarus.

However, the impact on the general economic situation may require certain assumptions and estimates to be adjusted. The global events have had a major impact on raw material prices.

OÜ Sporrong Estonia in 2023.

The goal is to complete the process of automating nitric acid cleaning, the ultimate goal of which is to clean and concentrate the residual nitric acid generated in the electroplating industry so that it can be reused.

The main performance indicators and the average number of employees in the past financial year were as follows: 2022 2021

Sales revenue 5 661 264 5 048 728

Net profit/loss -205 812 140 293

Equity 1 341 107 1 546 919

Total assets 3 598 945 3 654 497

Labour costs 1 796 008 1 660 406

Average number of employees 82 73

Solvency ratio 1.5 1.8

Formulas used in the calculation of ratios:

Short-term liabilities coverage ratio (times)=current assets/short-term liabilities