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's activity report 2022

Brief description of the main activity

The main activity of OÜ Rõngu Pagar is the production and sale of simple and selected bakery products and culinary. We market our products in the bakery shop in Rõngu and

in Viljandi and transport products to retail chains all over Estonia.

Our major customers are Selver AS, Kaubamaja AS, Tartu TK, Aldar Eesti OÜ, Stockmann AS, Harju TÜ, A1M OÜ, Prisma Peremarket

AS, Järva TÜ, Elva TÜ, Võru TÜ.

Economic environment

In the reporting year, the sales revenue of Rõngu Pagar OÜ has increased by 18% compared to 2021 data. In 2022, sales revenue in Estonia accounted for 99.1%, in Finland 0.9%.

Profitability in 2022, sales revenue was 5 955 920 euros (in 2021, 5 037 389 euros). In 2022, the profit was 356 317 euros (in 2021, 20 150 euros).

Financial indicators

The main ratios are presented as follows: 2022 2021

Change in sales revenue 18% 14%

Coverage ratio of short-term debt 0.7% 0.6%

Equity amount 21% 15%

Operating profit margin 8.5% 2.6%

The following formulas have been used to calculate the ratios.

Coverage ratio of short-term debt = Current assets/ Short-term liabilities

Equity amount = Equity/ Total assets

Operating profit margin = Operating profit/ Sales revenue

Staff As of the end of 2022, 77 people were employed (in 2021, 79 people), the average number of employees during the reporting year is 75 people (in 2021,

68 people). The wage cost including taxes was 1 222 548 euros (in 2021, 1 087 878 euros).

The board member works as a managing director and his remuneration was 82 888 euros. No dividends were paid out in 2022.

Investments

In the reporting year, 837 427 euros (in 2021, 1 435 427 euros) were invested in tangible fixed assets.

Goals for 2023 In 2023, it is planned to continue operations in the same field and strive to expand its market share.