Already 7,739 people have seen this company's branding and they are being followed by 96 Storybook user.In average the company has been rated 4.6 points ja kommenteeritud 32 korda.

's activity report 2022

OÜ Airwave was registered in the Commercial Register on 21.12.1999. The financial year is 12 months long. In 2022, the company was engaged in the wholesale of renewable energy-based climate, ventilation, heating equipment and PV panels, and the provision of technical support and support services for these devices.

OÜ Airwave is an importer of several leading brands and an authorized service center in the Baltics: Midea (China), Thermia (Sweden),

Daikin Europe NV (Belgium/Japan), Wolf (Germany), Longi (China). We are constantly expanding our product portfolio with new innovative products and brands.

In order to earn rental income, commercial real estate was acquired at the end of 2019 and a special purpose company (SPV) - AWRE SIA was established. The activities of AWRE SIA include owning real estate, renting it out and managing it.

In January 2023, Airwave OÜ was divided by separation, as a result of which two new companies were formed AWRE OÜ and AWRE

Energia OÜ. The purpose of the division was to separate two parallel areas of activity: real estate development and electricity sales from the main activity of OÜ Airwave and to develop these two business directions further by acquiring new objects both locally and abroad.

OÜ Airwave continues its main activity as a wholesaler of heating and ventilation equipment and plans to expand its product range in the field of solar energy production and storage equipment.

MAIN FINANCIAL RATIOS

The net turnover of the consolidated group of OÜ Airwave for the reporting period was 34.9 million euros, which is 32.9% more than last year. The balance sheet total as of the end of 2022 was 22.2 million euros. The result of the financial year was a profit of approximately 4.6 million euros.

2022 2021

Sales revenue (eur) 34 863 902 26 226 339

Turnover growth (%) 32.93 42.23

Net profit (eur) 4 607 131 3 295 787

Net profitability (%) 13.21 12.57

Current assets 15 724 133 9 372 378

Long-term liabilities 4 195 097 2 195 914

Coverage ratio of short-term liabilities (times) 3.75 4.27

Assets 22 212 625 16 470 790

ROA (%) 20.74 20.01

Equity 16 881 773 12 369 266

ROE (%) 27.29 26.64

Formulas used to find financial ratios:

Turnover growth (%) = (sales revenue 2022 - sales revenue 2021) / sales revenue 2021 * 100

Net profitability (%) = net profit / sales revenue * 100

Coverage ratio of short-term liabilities (times) = current assets / short-term liabilities

ROA (%) = net profit / total assets * 100

ROE (%) = net profit / total equity * 100

STAFF

The average number of employees of OÜ Airwave during the financial year was 25 employees. In 2022, the company's labor costs amounted to 1,682,157 euros.

CUSTOMERS

The company markets its products in Estonia, the Baltics. Compared to 2021, the annual sales to Estonian customers increased by approximately 6.7 million euros and sales to customers in other European Union countries increased by approximately 1.9 million euros.