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's activity report 2022

OÜ Multipakend Production was established in April 2015 due to the restructuring of AS Multipakend's operations and as a result, a group was formed. The production activity of cardboard packaging has been transferred to the subsidiary OÜ Multipakend Production and operations started in May 2015.

The main partners of OÜ Multipakend Production are companies located in Estonia and Finland.

OÜ Multipakend Production is the owner of Multipakend AS and one board member.

In 2022, the sales revenue amounted to 8,845 thousand euros. 71% of OÜ Multipakend Production's sales revenue came from sales in Estonia and 29% from sales abroad. The largest export destination was the Republic of Finland and Israel.

In 2022, the operating profit of OÜ Multipakend Production amounted to 637.3 thousand euros.

Main financial ratios:

Title 2021 2022

Sales revenue (thousand euros) 7226.3 8845.4

Revenue growth (%) 5 22

Operating profit margin (%) 5 7

Net profit (thousand euros) 283.5 637.3

Profit growth (%) negative 125%

Net profitability (%) 3.9 7.2

Short-term obligations 1.96 2.52 multiplier

Return on assets (ROA,%) 10 20

Return on equity 17 29 (ROE,%)

Formulas used in calculating ratios:

Sales revenue growth (%) = (sales revenue 2022 sales revenue 2021)/ sales revenue 2021 * 100

Operating profit margin (%) = operating profit/sales revenue * 100

Profit growth (%) = (net profit 2022 – net profit 2021)/ net profit 2021 * 100

Net profitability (%) = net profit/ sales revenue * 100

Short-term obligations coverage ratio (times) = current assets/short-term obligations

ROA (%) = net profit/ total assets * 100

ROE (%) = net profit/ total equity * 100

A total of 98 thousand euros was invested in tangible fixed assets during the reporting period. The major investments were the acquisition of new tools.

The main goal of OÜ Multipakend Production's 2023 activity plan is to maintain and secure the company's good economic position in the respective field. The aim of the business activity is to increase volume growth and strengthen its competitiveness in the corrugated cardboard production market.

In 2023, OÜ Multipakend Production aims to increase the previous year's indicators.

We plan to focus more on IT solutions in production processes and economic processes and continue to modernize the customer management program. In 2023, Multipakend Production OÜ received EAS support for digitizing the production process and acquiring a new device.

All these steps increase the company's competitiveness.

The company's management strives to keep the company's economic activity stable, but does not rule out the discovery of new challenges and opportunities.

We are pleased to note that the reliability of OÜ Multipakend Production during the reporting period has remained impeccable in business and economic activities.

OÜ Multipakend Production has fulfilled all the agreements and contracts concluded by it correctly, without delay and in good faith towards the parties to the transaction. OÜ Multipakend Production is a continuously operating company.