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's activity report 2022

Metal Express OÜ was established in 2005 and deals with the sale and storage of metals and products made from them. The product groups offered are steel, stainless steel, aluminum, copper and its alloys, meshes and perforated sheets. In addition, for over ten years we have been the official representative of the Swiss company

Forster Profilsysteme AG in the Baltic States and Finland. In June 2011, we established a subsidiary in Finland, which is named

Metal Express Oy. In connection with the subsidiary, all annual report indicators have been consolidated since 2011.

The year 2022 was successful for the company, we achieved the highest sales revenue of all time. We were able to expand our customer base and increase the selection in the warehouse in terms of quantities and product range. The year 2022 was once again an extraordinary year in the metal market. The war in Ukraine since the end of February and high energy prices caused problems with material supplies. Changes occurred very quickly and the deficit in the first half of the year caused distortions that were felt throughout the year. Despite high prices, there was a very high market demand for material in the first half of the year.

High inflation, which began to quickly show its effect in the second half of 2022, and its causes to the economy are significant and will also leave a mark on the performance of subsequent periods.

In 2023, the group will continue its active operations in its main markets in Estonia and Finland. With the aim of increasing our market share in our field of activity and increasing the range of warehouse products.

Financial ratios Calculation methodology 2022 2021

Sales revenue 19 700 785 17 239 494 annual sales revenue

Sales revenue growth /previous year's sales revenue 14.28% 65.76% -1

Profit growth -35.8% 261.19% fiscal year

Net profitability 6.86% 12.21% profit/sales revenue

Short-term obligations

Short-term obligation coverage ratio (times) = 4.2 times 3.0 times coverage ratio current assets / short-term obligations

ROE net profit/equity 26.9% 51.3%

ROA net profit/assets 21.6% 32.8%