This company's branding has already reached 13,795 peopleand his is followed by 8 Storybook users.On average, the company has been rated 4.6 points.and commented 300 times.

Activity report 2022

Overview of the company's activities

OÜ Mustamäe Spa was established on May 17, 2018. The main areas of activity of the company are the provision of water and sauna center services and beauty and wellness services.

The trademark of OÜ Mustamäe Spa is Elamusspa, under which name its products are sold and marketed. The main customer of Elamusspa has become local residents. Although we have been open for a short time, we have gained noticeable recognition among foreign visitors.

The activity of Mustamäe Spa OÜ can be considered seasonal. The peak season in our climate zone is eight dark months, the low season from May to August. To level out seasonality and increase the target group of customers, we plan to build slides for the family spa area for small children.

To avoid future risks, we have fixed the interest rates of loan obligations. Exchange rates and stock market activities do not significantly affect our economic activity.

The reporting year was the fourth year of operation for the company. In 2022, investments were made for approximately 1.8 million euros.

An average of 54 employees worked in 2022.

Main performance indicators 2022 2021

Sales revenue 6 615 080 3 363 708

Revenue growth % (sales revenue 2022 – sales revenue 2021)/ sales revenue 2021 * 97% -4% 100)

Net profit 1 905 975 307 028

Net profitability % (net profit/ 29% 9% sales revenue * 100)

Short-term debt coverage ratio 0.75 0.43 (current assets/ short-term liabilities)

ROA (net profit/assets) 45% 9%

ROE (net profit/equity) 72% 41% The main activities and goals for 2023 are to expand the water and sauna center services, complete investments, improve the level of service and increase visitor satisfaction. The goal is to train team members, which will further improve the quality of service and accept even more satisfied visitors.