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's activity report 2022

The business entity Avem Eesti OÜ was established on 01.08.2006 and registered on 07.08.2006.

As of June 11, 2012, the business entity belongs to the OY Spectrum Investments Ltd group. The company continues to manufacture metal products for Finnish companies on a subcontracting basis. The company does not plan any investments or research and development projects in the near future. The company's economic activity is not seasonal and its operations do not have significant environmental and social impacts. In 2017, the quality management system ISO 9001.2015 was implemented.

No significant changes in the field of activity compared to 2022 have occurred. The forecast for 2023, considering existing orders, promises to be more modest compared to the sales revenue of the reporting year.

Main financial ratios: 2021/2022 2020/2021

Sales revenue 4 808 006 3 491 023

Operating profit margin 5.1% 6%

Net profit/loss 204 907 176 704

Short-term liabilities coverage ratio 5.3 3.15

Formulas used in calculating ratios:

Operating profit margin (%)=operating profit/sales revenue*100

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