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's activity report 2022

Harry Metall OÜ is an industrial company that works as a subcontractor for black metal machine-building companies.

About 90% of the turnover is exported from Estonia, the remaining 10% is domestic sales. The main export countries are

Finland and Sweden.

The main activity of Harry Metall OÜ is mechanical metal processing, including the production of demanding mining, land improvement and wind energy technology parts and also complete products. In addition, we offer customers assistance in product development.

In recent years, the company has made extensive investments in new production machines and tools. The machinery of the new factory includes, among other things, CNC machines, the possibility of automatic welding and an advanced paint shop. The old production hall, which is located near the new one, is successfully oriented towards pre-processing for the new hall. In addition, the company is exploring the possibilities of expanding production in the current fiscal year.

The company continues to develop its quality system and production processes.

The sales revenue for the past fiscal year was 8,725,530 euros. Similar sales revenue is expected from the new fiscal year, which is expected to maintain at least the same level of turnover. Other business income was 64,713 euros, which came from apartment rent, sale of fixed assets and EAS wage support.

The average number of employees in the fiscal year is 26. The labor costs for the reporting period are 762,957 euros.

The board of Harry Metall OÜ consists of one member. No remuneration was paid to the board member during the reporting period.

Main financial ratios: 31.12.2022 31.12.2021

Sales revenue 8,725,530 6,573,242

Change in sales revenue 33% 28%

Gross profit margin % 6% 21%

Net profit /loss 472,430 -1,086

Net profitability 5% 0%

Coverage ratio of short-term liabilities 3 2

ROA 14% 0%

ROE 18% 0%

Revenue growth (%) = (sales revenue 2022 – sales revenue 2021)/ sales revenue 2021 * 100

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

Profit growth (%) = (net profit 2022 – net profit 2021)/ net profit 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