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Activity report 2022

VLCor Baltic OÜ began its operations in 2016. The main activity of the company is the acquisition of goods for resale. The main goods supplies in 2022 were to Ukraine.

In 2022, VLCor Baltic OÜ's sales revenue amounted to 6,528,455 euros. VLCor Baltic OÜ ended the year with a profit of 230,694 euros.

The plans for 2023 are to continue in the same field of activity and to increase the net turnover to up to 10 million euros.

The board consists of two members. The board members do not have significant benefits.

VLCor Baltic OÜ operates in the wholesale of metal products to other countries. Therefore, the international wholesale market situation of metal products significantly affects the company's economic indicators. In 2022, the economic situation in this sector was favorable for VLCor Baltic OÜ and the company earned the expected profit. VLCor Baltic OÜ's operations are not seasonal and the company operates throughout the year.

The company's performance was significantly affected by the foreign policy situation. As a result of Russia's war against Ukraine, Ukrainian companies, which had a large share in VLCor Baltic OÜ's order structure, were partially or completely destroyed.

Crimes against humanity led to the disruption of the supply chain and the increase in transport and raw material prices. This resulted in a decrease in production and a contraction of the market, which in turn significantly reduced the sales revenue (approx. 60%) in 2022 compared to 2021. However, the company continues to operate, is still active, and the principle of continuity is not currently at risk.

The growth in sales revenue in 2023 has recovered.

Transactions with suppliers and customers take place in both euros and US dollars, for this reason, changes in the US dollar exchange rate have a significant impact on the company's financial results.

The most important financial ratios of VLCor Baltic OÜ were: 31.12.2022 31.12.2021

Business profitability (operating profit/sales revenue) % 3.60 2.22

Net profitability (net profit/sales revenue) % 3.53 2.26

Return on equity ROE 20.33 38.42 (net profit/equity) %

Total asset profitability (net profit/assets) % 16.21 23.42

Short-term obligation coverage ratio, 4.93 2.56 (current assets/short-term liabilities), times