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's activity report 2022

AS IGEPA Libra Vitalis was registered in the business register on 30.06.2005.

The main activities of the joint-stock company in the 2022 financial year were the wholesale of paper, cardboard and printing materials to the printing industry and the wholesale of office papers to office supply stores. In addition, the sale of materials necessary for cutting to sewing industries was continued, as well as the marketing of visual communication media materials and equipment to companies engaged in large format printing.

The main clientele of the joint-stock company is largely related to exports and the economic development of export markets most affects the company's business activities.

Business is not seasonal and economic activity is not cyclical.

The company's business activities do not have significant environmental and social impacts. There is also no significant impact on the company's business activities from risks associated with changes in exchange rates, interest rates and stock prices. The company uses factoring, which mitigates risks through cash flow and ensures other principles of financial risk mitigation.

In the second half of the financial year and during the preparation of the report, the Euribor has grown. Due to factoring and leasing contracts, this has a noticeable impact on the growth of the company's future financial costs. The impact on the company's annual report is insignificant.

The joint-stock company holds FSC® and PEFC™ certificates and stands for responsible forest management, which preserves biodiversity and benefits local residents and workers, while also ensuring economic viability.

The joint-stock company is a member of the Estonian Printing and Packaging Industry Association.

The planned realization in the 2022 financial year was 13 million euros, which was exceeded by 2.03 million euros. The company's turnover was 15.033 million euros, which decreased by 1.4% compared to the 2021 financial year. A total of 7,105 tons of goods were sold.

In 2023, economic activity will continue. The planned turnover is 13 million euros. There are no plans for restructuring and changing the nomenclature of products.

The board of the joint-stock company consists of one member.

In the 2022 financial year, AS IGEPA Libra Vitalis had twenty-one employees.

The total amount of employee salaries, additional payments and related taxes in the 2022 financial year was 861 thousand euros. The corresponding amount in the 2021 financial year was 741 thousand euros.

Main financial indicators: 2022 2021

Total current assets 8 149 791 5 147 185

Total short-term liabilities 5 238 537 2 797 555

Total assets 8 515 424 5 488 447

Total equity 3 092 268 2 559 268

Sales revenue 15 032 616 15 241 035

Operating profit 687 005 475 209

Net profit 613 000 425 000

Net profit margin: net profit/sales revenue 4% 3%

Operating profit margin: Operating profit/ sales revenue 5% 3%

Return on equity per year: net profit/ average equity for the period 22% 19%

Return on assets per year: net profit/ average assets for the period 9% 8%

Equity ratio: equity/total assets 36% 47%

Short-term liability coverage ratio: current assets/short-term liabilities 1.6 1.8