Already 3,467 people have seen this company's branding and they are being followed by 6 Storybook user.In average the company has been rated 4.8 points ja kommenteeritud 1 kord.

's activity report 2022

Introduction

Recruitment Estonia OÜ was registered in 2005 as a company providing personnel search and rental services.

The company represents two brands in Estonia, CVO Recruitment and Simplika. As of December 2022, the company is 100% owned by Gi Group Holding.

In 2022, the company's sales revenue increased, and this growth came from the provision of personnel rental services. On the other hand, sales revenue in terms of personnel search services somewhat decreased. Changes in sales revenue were influenced by market conditions and developments, not so much by internal changes in the company.

The company's profit decreased compared to the previous year, and this was caused by a certain increase in fixed costs, which was again due to market conditions and developments. However, 2022 was a successful year for the company, as despite times of crisis and difficult economic conditions, there was a noticeable increase in sales revenue.

Main ratios 2022 2021

Sales revenue (in euros) 5 616 537 3 918 680

Revenue growth 43% -14%

Net profit (in euros) 210 478 351 657

Profit growth -40% 46%

Net profitability 4% 9%

Short-term obligations coverage ratio 1.37 1.95

ROA 12% 32%

ROE 45% 65%

Formulas used in calculating ratios (2022): • Sales growth (%) = (sales revenue 2022– sales revenue 2021)/ sales revenue 2021 * 100 • Profit growth (%) = (net profit 2022– net profit 2021)/ net profit 2021 * 100 • Net profitability (%) = net profit/ sales revenue * 100 • Short-term obligations coverage ratio (times) = current assets/short-term obligations • ROA (%) = net profit/ total assets *100 • ROE (%) = net profit/ total equity *100

In 2022, Recruitment Estonia OÜ's sales revenue amounted to 5 616 537 euros (in 2021, 3 918 680 euros).

84% of Recruitment Estonia OÜ's sales revenue was made up of service exports (54% in 2021) and 16% (46% in 2021) of sales to Estonia. The service portfolio consisted of 88% labor rent (80% in 2021) and 12% recruitment service (20% in 2021). The profit for the financial year of Recruitment Estonia OÜ was 210 478 euros (in 2021, the profit was 351 657 euros).

Significant environmental and social impacts In 2022, the company's operations were affected by both the aftermath of the health crisis and new crises that emerged - war

in Ukraine, record inflation, energy crisis, and economic downturn in the last quarter.

Risk of changes in exchange rates and interest rates

Transactions with suppliers, customers, debtors, and creditors are in euros, so the exchange rate