NOVAHOLM OÜ current status
This company's branding has already reached 1,643 peopleand his is followed by 17 Storybook users.On average, the company has been rated 4.3 points.but there is no comment.
's activity report 2022
In 2022, pre-treated growing media and finished products for immediate use were sold for the production of growing environments used in professional horticulture.
The sales targets for products and services were met.
The annual results were somewhat affected by the restrictions imposed due to the Covid-19 pandemic. In addition, several materials necessary for production and purchased services became more expensive during the year.
In 2023, the company will continue in the same field of activity.
The existing capital will be used for the development of the main activity. No major investments are planned for 2023.
Growth is expected in the case of finished products.
The management assesses the impact of the economic environment on the company's field of activity mainly positive for the next year.
The target market partners are long-term operators, participating in professional horticulture. Depending on the nature of the field of activity and relying on the assessments of cooperation partners, we expect an increase in the consumption of growing environments as a whole in the coming years.
The company's results may be affected by several external variables. The increased logistics and energy carrier costs in 2022 show a trend towards cheaper in 2023.
Adverse weather conditions during the summer period may affect the availability of raw materials.
The effects related to the pandemic have disappeared from most target markets. Changes in exchange rates may have some effect.
The company has measures and means to mitigate the aforementioned risks in order to maintain competitiveness in the coming years.
Key economic indicators in 2021 and 2022:
Key economic indicators 2022 2021
Coverage ratio of short-term liabilities 3.6 3.0 (current assets/short-term liabilities)
Return on assets (ROA) 25% 11% (net profit/total assets)
Return on equity (ROE) 33% 15% (net profit/equity)
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