N.G.P EUROPE OÜ

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This company's branding has already reached 2,275 peopleand his is followed by 1 Storybook user.On average, the company has been rated 4.8 points.but there is n

N.G.P EUROPE OÜ current status

This company's branding has already reached 2,275 peopleand his is followed by 1 Storybook user.On average, the company has been rated 4.8 points.but there is no comment.

's activity report 2022

The main activity of N.G.P Europe OÜ is the wholesale of alternative tobacco products. Our goal is to provide customers with high-quality nicotine patches and effective smoking cessation solutions.

N.G.P Europe OÜ has invested 3.9 million euros in fixed assets, mainly in connection with the establishment of new lines in a factory in Denmark. The aim is to increase production capacity, develop new products and improve efficiency. The technological features of the new lines allow us to offer better product quality and higher production volume.

Significant investments will also fall into the following periods (2023-2025) - over three years, there are plans to invest 6 million euros in the construction of a new factory.

The expected benefit is increased production capacity, better product quality, efficiency increase and competitive advantages.

There were no other research and development projects.

The activities of N.G.P Europe OÜ did not have significant environmental and social impacts.

The sales revenue for the reporting period was 15,230,123 (in 2021 9,284,007) euros.

The general macroeconomic environment of the industry has been favorable for the company.

Although many costs increased (goods, material, services, operating expenses, labor costs with taxes), the company was able to increase the net profit of the company. The profit for the reporting year was 7,276,948 (in 2021 4,472,951) euros.

In the reporting year, goods were sold in addition to Estonia also in European Union countries such as Lithuania, Latvia, the Netherlands,

Sweden, Slovakia, Hungary, Belgium, etc. Outside the European Union, however, to Iceland, Ukraine and

the United Kingdom.

The plan for the coming years is to increase market share, targeting the finding of new (wholesale) customers and participation in international fairs in Germany, Spain, the United Arab

Emirates.

Business is not seasonal, sales activities take place all year round.

In the course of normal business, the company is exposed to various financial risks. Risk is defined as a possible future event that may affect the achievement of the company's objectives.

The company is mainly exposed to financial risks, including credit and currency risk: (cid:127) Credit risk is the risk where the company suffers a loss if the counterparty does not fulfill its contractual financial obligations.

(cid:127) Currency risk arises from transactions that are not made in EUR currency.

The company's management regularly analyzes the company's risks and constantly seeks ways to mitigate the adverse impact of risks on business results.

In the opinion of the management, neither after the reporting date nor as of the date of signing the annual report has there been any event that would have a significant impact on the financial year result of the company.

The goal is also to expand marketing activities and introduce and advertise new products. To increase the sales volume of products, it is planned to hire new employees in 2023.

The board of the company consists of two members. In 2022, a fee of 11,480 euros was paid to one board member.

The main ratios of the company: 2022 2021

Sales revenue € 15,230,123 9,284,007

Operating profit (-loss) € 7,277,562 4,472,939

Operating profitability % 47.8 48.2

Solvency ratio (times) 10.5 53.7

Debt ratio (times) 0.06 0.0

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