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's activity report 2022

R-Group Baltic OÜ was established in June 2013 and is a subsidiary of R-Group Finland Oy. R-Group Baltic OÜ has a permanent establishment in Finland for the purposes of corporate income tax. R-Group Baltic OÜ is a manufacturer and supplier of metal details and connections for concrete structures (metal company). The company's global brand is R-STEEL. The company offers high-quality steel solutions and products worldwide. With new state-of-the-art technology, high quality, excellent customer-oriented service and our production and supplier network, we offer our products, solutions to all small, medium and large companies. The company follows the standards ISO 9001: 2015 and 14001: 2015 in its operations.

The company has approximately 4000 m2 of production and storage space and about 400 m2 of office space in Tallinn, at Kõrtsi tee 7/1, Lehmja village, Rae parish.

R-Group Baltic OÜ is not connected with the Ukrainian or Russian markets, so the Russian military invasion of Ukraine that began in February 2022 does not directly affect the company's operations.

The general (macroeconomic) development of the operating environment is proceeding at a normal pace and the impact on the company's financial results is rather positive.

The company's business is not seasonal or cyclical. The company's operations do not have significant social or environmental impacts.

Exchange rate changes affect to the extent that procurement contracts concluded in US dollars affect the price of goods to be acquired due to exchange rate changes.

R-Group Baltic OÜ's sales revenue in 2022 increased significantly and was 13,842 thousand euros, which is 42% higher than in 2021 (10,662 thousand) and net profit was 918 thousand euros, which is higher than in 2021 (905 thousand euros). The volume of the company's assets increased by 1,461 thousand euros compared to the previous year.

The main financial ratios are as follows: 2022.a. 2021.a.

Debt ratio (liabilities/assets) 0.5 0.5

Current ratio (current assets/short-term liabilities) 1.8 1.7

Net profitability of sales 6.6% 8.5% (net profit/sales)

During the financial year, the company invested in both equipment and the development of new products. The company received support from EAS within the framework of the „Enterprise Development Program 2020“, which will continue in 2023.

The company has 3 board members. The goal for 2023 is continuous growth - to increase the sales of its products by increasing sales volumes in existing markets and entering new markets. The company will also continue to invest in product development and product development in line with market demand. Production processes will continue to be developed and made more efficient, following the principle of energy efficiency and thereby reducing the company's ”footprint” on nature. In addition to the above, being a good employer, responsibility and care are also among the company's priorities.

The principles of the company's operation:

Understanding customers;

We strive to understand the business desires of our customers and help them succeed;

Financial success;

We strive to be cost-effective with our customers;

Policy of action; We strive to find new solutions and be creative and proactive;

Responsibility;

We act responsibly and fulfill our promises;

Transparency;