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's activity report 2022

Eswire OU started operations in 2005. Our field of activity is the production and sale of electronic devices (more specifically, the assembly and testing of wire harnesses and electromechanical components).

The year 2022 was very successful for Eswire OU. We managed to grow our turnover quite strongly in this unstable global economic situation and in the end, the growth of turnover was significantly better than predicted.

Quick response, replacement of some materials, and good cooperation with Eswko OU partners certainly helped.

Starting cooperation with the research company Hansavesl OU also contributed a lot, which was caused by the research market situation in Estonia, which was quite poor in the first half of the year.

In the second half of the year, we started preparing a new production hall in Rakvere, which should start working at the beginning of the new year. The training of workers took place at the client's production facility in Finland.

The market for electronic components in Estonia and the European Union was sharply declining in the last reporting period compared to the previous period, which is certainly characterized by more and more attention being paid to the green turn and the need for electronic components in this regard.

Our field of activity is moving more and more towards the green turn. Products are aimed at increasing the charging points for batteries and the production of electrical and electronic components needed for wind energy production.

Our advantage is continuity, which is not affected by seasonality or other economic factors.

It has been agreed with customers that the increase in the exchange rate or the price of various metals and other metal exchange prices will automatically be added to the final price of the product (even if it grows once a month, if necessary). Based on this, the risks of exchange rate changes are largely hedged.

We do everything on our part to minimize environmental and social impacts. We estimate that there are no significant environmental and social impacts associated with the activities of Eswire OU.

For the new year, we currently do not dare to predict a growth in sales turnover as some partners are seeing a slight decline, which also affects us.

However, launching a new unit should compensate for this decline.

All this new also naturally requires a decent investment and we have the resources for it.

Based on our estimates, the electronics industry should be relatively stable, despite the volatile global economic situation.

Main financial ratios: 2022 2021 t-Mi-irlg-itulu (euro)

Sales revenue growth/ decline

Net profit/ loss (euro) 743176

Net profitability 11.090%

Short-term obligation coverage ratio (times) 2.88

ROA 19% 27.39%.

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Formulas used in calculating financial ratios:

Turnover growth (%) = (sales revenue 2022/sales revenue 2021/sales revenue 2021) * 100

Net profitability (%) = (net profit/sales revenue) * 100

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

ROA (%) = (net profit/assets) * 100

ROE (%) = (net profit/equity) * 100