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's activity report 2022

The main activity of Medivar OÜ is the wholesale of medical devices to Estonian healthcare institutions.

The main product groups are diagnostic devices, medical furniture, personal protective equipment. Our clients are all major Estonian healthcare institutions. The aim is to increase market share with our existing products in the domestic market and to increase exports. We are expanding our activities in the retail product market, such as food supplements in pharmacies and retail stores. We are also developing the veterinary medicine direction, involving new people in the company for both activities.

2022 financial results in thousand EUR or as a ratio

Financial indicator 2022 2021 methodology

Sales revenue 7330 7853

Change in turnover compared to the previous year 0.93 times 1.2 times

Operating profit 597 1482

Change in operating profit 0.4 times 1.6 times compared to the previous year

Net profit 507 1366

Change in net profit 0.37 times 1.5 times compared to the previous year

Operating profitability 8 19 Operating profit/sales revenue (%) *100%

Net profitability (%) 7 17 Net profit/sales revenue *100%

Equity ratio 76 75 Equity/balance sheet (%) volume *100%

Return on equity 21 70 Net profit/average (ROE%) equity *100%

Return on assets (ROA %) 16 53 Net profit/average asset volume *100%

Inventory turnover 3.2 3.8 Sold (multiplier) cost of goods sold/average inventory

Solvency ratio 4.0 3.9 Current assets/short-term liabilities

Debt ratio 0.24 0.25 Total liabilities/balance sheet

Average number of employees 17 12 Adjusted