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's activity report 2022

Milectria Est OÜ, established on 25.10.2006, is a manufacturer of electrical systems, producing wire and cable assemblies and electrical panels in its modern production facility. The company places great emphasis on expertise and top-quality execution and develops, designs, and manufactures its products for the most demanding environments.

Customer needs are met based on a diverse partnership. Milectria Est OÜ's global clientele, which includes some of the most highly valued companies in their field, uses the products for both military equipment and industrial applications.

2022 was a year of challenges for Milectria Est OÜ. The war in Ukraine led to many unpredictable situations. Inflation increased and many costs (materials, components, energy, wages) rose. The availability and delivery times of materials and components were not at the usual level and posed challenges in effective production planning. Nevertheless, business and staff grew significantly. Considering the challenges associated with the global situation, overall satisfaction was achieved in 2022.

Milectria Est OÜ's sales revenue for 2022 was 11,273,207 euros and other business income was 219,130 euros.

Staff

The board of the company consists of five members. No remuneration was paid to the board members.

The average number of employees in the financial year, adjusted for full-time employment, was 122. Labor costs amounted to 2,159,125 (including social taxes).

Goals for the next financial year in 2023 continue to work with existing customers and expect an increase in order volume. The aim is to develop cooperation, meet customer expectations, and increase the added value of production.

It is necessary to invest in maintaining the interest of companies interested in Milectria products and developing cooperation.

Main financial ratios: 2022 2021

Equity ratio of total assets (%) 67.4 65.1

Liquidity ratio 2.1 1.9

Operating profitability of turnover (%) 5.0 0.9

Net profitability of turnover (%) 4.8 0.6

Net profitability of assets (ROA) (%) 10.0 1.2

Net profitability of equity (ROE) (%) 15.1 1.7

Equity ratio = Equity/(Liabilities and equity in total)*100

Liquidity ratio = Current assets/Short-term liabilities

Operating profitability of turnover = Operating profit/Sales revenue*100

Net profitability of turnover = Net profit/Sales revenue*100

Net profitability of assets = Net profit/Average assets*100

Net profitability of equity = Net profit/Average equity*100