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's activity report 2022

Power Technology OÜ was registered in the Harju County Court registry department on August 31, 2010, and the company's main activity is the sale of industrial equipment.

In 2022, 100% of sales revenue was earned from the sale of industrial equipment. Sales revenue increased significantly compared to 2021.

Of the total sales revenue, 98% was made up of sales to European Union countries, of which 57.7% was to Estonia, 13.5% to France, 10.8% to Lithuania, 9.4% to Bulgaria, and a smaller amount to other EU countries.

Power Technology OÜ engineers are trained and certified for designing Lögstrup electrical panels. Power Technology OÜ is a certified partner of A/S Lögstrup and holds a license to manufacture electrical panels.

The financial year ended with a profit of 106,188 euros. The plan for 2023 is to continue the current activity.

Board members were paid a fee for performing their duties in the amount of 20,762 euros.

The average number of employees during the reporting year was 5. The total wage cost amounted to 64,845 euros. Other necessary services are purchased from cooperation partners.

The company's financial ratios are as follows:

Financial ratio Calculation method 2022 2021

Return on equity ROE Net profit/equity*100 9.35 17.27

Return on assets ROA Net profit/total assets*100 4.37 12.02

Net profitability Net profit/sales revenue*100 1.87 8.48