Already 1,580 people have seen this company's branding and they are being followed by 16 Storybook user.In average the company has been rated 4.6 points ja kommenteeritud 1 kord.

's activity report 2022

General Information

Digisound OÜ was established on 25.02.2005. The company's areas of activity are consumer electronics and retail and wholesale of other consumer goods (EMTAK 2008 groups 46431 and 47991). The main product groups are: car stereo and stereo equipment, mini systems, home cinema products and professional DJ products. The company has a branch in Latvia, and the Finnish branch was closed during the reporting year. Digisound OÜ is 100% owned by the Finnish group Oy Audioimport Group Kinnunen Ab.

Business Activity

In 2022, the company's sales revenue was 4.8 million euros, growing by 15% compared to the 2021 financial year's sales revenue (4.2 million euros). We are pleased to see that the impact of the Covid-19 pandemic began to slowly recede during the reporting year 2022, and after a serious shortage of components, our suppliers were able to deliver more of the quantities we ordered. This helped to increase sales revenue during the reporting year. Although the pandemic eased, the war in Ukraine continues to pose new challenges for us all. Consumers are cautious due to future uncertainty: their purchasing power has decreased as food and fuel prices have risen.

Business cyclicality and seasonality: typical seasonality was not observed during the reporting year 2022. To maintain our position as one of the largest car audio importers and resellers, we have done more marketing in both the Baltic States and

Finland. We have our own audio technology demo cars and participated in many Car Audio events in 2022. This way, we have been able to increase the visibility of our products and attract more consumers to Car Audio. We are also active on social media and advertise through various channels. For 2023, we have again made a strong marketing plan and focus on customer satisfaction through excellent customer service. We have also developed our website a lot and our goal is that the customer can place an order directly from the website. A big advantage is that customers can download our product range with the necessary information directly to their online store. This way, we can also increase sales and make our products more accessible to consumers.

As for the environmental aspect, we continue as before, taking care of good cooperation with different stakeholder communities and continue to prepare necessary electricity, plastic and cardboard reports. However, we try to keep the product life cycle as long as possible, focusing on service and spare parts. We believe that we operate socially responsibly. Our company has zero tolerance for harassment and discrimination. Our employees are from many different countries. We believe that everyone contributes to the work. We also value every contact when working with our suppliers and other parties, regardless of gender, religion, political views, etc.

In 2022, fixed assets were acquired for 29.5 thousand euros. In 2022, the company's currency exchange risks were low as transactions were only in euros. Interest rate-related risks were also low as interest rates were stable.

Main ratios 2022 2021 Formulas

Turnover increase compared to previous year (%) 15.42 -14.61

Solvency ratio (times) 5.00 2.24 = (current assets - inventories) / short-term liabilities

Liquidity ratio (times) 0.36 0.81 = cash / short-term liabilities

Cash collection period (days) 62 58 = (debtor's debt - advance payments from buyers) / average daily sales revenue

Inventory turnover (times) 1.75 8.00 = sales revenue / average annual inventory balance

Asset turnover (times) 0.71 2.61 = sales revenue / average assets

Debt ratio (times) 0.11 0.30 = liabilities / total liabilities

Loan ratio (times) 0.12 0.43 = liabilities / equity

Net return on sales (%) 9.84 6.45 = annual profit / sales revenue x 100%

Return on assets ROA (%) 7.01 16.79 = annual profit / average assets x 100%

Return on equity ROE (%) 8.75 25.26 = annual profit / average equity x 100%