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's activity report 2022

Overview of economic activity in 2022. In the financial period ended on 31.12.2022, Pro Lift OÜ continued its main activity of offering full-solution superstructures along with lifting equipment and their spare parts.

In 2022, no research and development activities were carried out in the company and there are no plans to engage in research and development activities in the coming years.

We are developing the entire production structure from the sales process to the finished car.

In 2023, Pro Lift OÜ will continue to offer full-solution superstructures for trucks. We will also continue the change in the production structure and invest in the development of even more perfect solutions and strive to find a cooperation partner or open our own unit in southern Estonia. The war efforts in Ukraine indirectly affect Pro Lift through changes in the general economic environment, but the company has adapted well to the changing circumstances during the reporting year.

Main financial ratios 2022 2021

Sales revenue (thousand euros) 9 962 7 192

Revenue growth (%) 39 15

Operating profit margin (%) 8 6

Net profit (thousand euros) 747 405

Coverage ratio of short-term liabilities 1.59 1.09

ROA (%) 13 7

ROE (%) 27 20

Formulas used in calculating ratios:

Revenue growth (%) = current year's sales revenue/previous year's sales revenue*100-100

Operating profit margin (%) = operating profit/sales revenue*100

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

ROA (%) = net profit/assets

ROE (%) = net profit/equity