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's activity report 2022

The main activity of TLR Services is the import of district heating materials to Estonia and advising and training buyers in the field of pipeline construction.

The material is delivered directly from factories located in Poland, Denmark and Finland to the place specified by the client, but there is also a stock of the most demanded materials in Estonia.

In 2022, there was an increase in turnover and profitability.

Next year, the same high turnover is expected.

Main financial ratios of TLR Services OÜ: 2022 2021

Turnover growth (%) 1.52 22.69

Net profitability (%) 11.76 7.41

Coverage ratio of short-term obligations 4.25 4.70 (times)

Return on equity ROE 66.19 53.97 (%)

Methodology for calculating ratios:

Turnover growth = (sales revenue at the end of the period - sales revenue at the beginning of the period) / sales revenue at the beginning of the period * 100

Net profitability = net profit / sales revenue * 100

Coverage ratio of short-term obligations = current assets / short-term obligations.

ROE = net profit / average equity * 100