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      ELEMENT GRUPP OÜ

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      This company's branding has already reached 6,927 peopleand his is followed by 39 Storybook users.On average, the company has been rated 4.7 points.and commente

      ELEMENT GRUPP OÜ current status

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      Andmerobot
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      This company's branding has already reached 6,927 peopleand his is followed by 39 Storybook users.On average, the company has been rated 4.7 points.and commented 9 times.

      Activity report 2022

      Element Group Ltd was established on 09.06.2004.

      Element Group Ltd is a construction company whose main activity is the installation of ventilation.

      From 01.1.2022 to 31.12.2022, Element Group Ltd had a sales revenue of 8,033,274 euros. 100% of the sales revenue was made in the Republic of Estonia.

      Constantly looking for ways to make the service more efficient in order to increase the profitability of the company. We are still looking for new clients.

      The company had an average of 14 full-time contract employees. During the financial year, the company's labor costs totaled 465,903 euros.

      In 2023, the same activity will continue.

      On February 24, 2022, Russia declared war on Ukraine and as a result, there is a risk of material price increase and deficit.

      Due to the unstable economic situation in Estonia and the whole world and not foreseeing its final consequence, it is difficult for the management to fully assess the possible quantitative impact on the financial indicators of the next period of the economic unit. Based on the initial and currently available data, the management believes that the situation does not have a significant impact on the sustainability of the company's economic activity.

      The company is still operating and developing its activities in the field of ventilation works.

      Main financial ratios 31.12.2022 31.12.2021

      Sales revenue 8,033,274 6,279,960

      Gross profit margin 8.52% 7.26%

      Net profit (-loss) 235,362 65,191

      Turnover profitability 0.01% -2.09%

      Short-term liabilities coverage ratio 0.98% 1.04%

      Formulas used in calculating ratios: (cid:127) Gross profit margin (%) = (sales revenue-goods, raw materials, and services)/sales revenue*100 (cid:127) Turnover profitability (%) = operating profit/ sales revenue*100 (cid:127) Short-term liabilities coverage ratio (times) = current assets/short-term liabilities

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