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's activity report 2022

Founded in 1994 and owned by Estonian private capital, Tarplani Kaubanduse OÜ is a food industry and wholesale company that produces, markets and sells various mayonnaises, sauces and juices. Tarplani Kaubanduse OÜ is the leading mayonnaise producer and seller in Estonia, with the largest market share.

The company's mayonnaise and salad dressing production and sales food safety management system is certified and complies with FSSC 22000 requirements.

In 2022, the company met its set goals, maintained its market share in Estonia and also increased its export share.

Operating results

The company's sales revenue for the reporting year was 5,390,353 (2021: 3,781,102) euros.

The profit before interest, taxes, and depreciation (EBITDA) for the reporting year was 1,062,835 (2021: 553,831) euros.

The net profit for the reporting year was 907,940 (2021: 391,929) euros.

Main financial ratios 31.12.2022 31.12.2021

Operating profit margin (%) 17.9 11.9 operating profit / sales revenue x 100

Net profit margin (%) 16.8 10.4 net profit / sales revenue x 100

Return on equity (%) 50.9 31.9 net profit / average equity for the period x 100

Return on assets (ROA) (%) 36.2 20.1 net profit / average total assets for the year x 100

Liquidity ratio (times) 3.1 2.2 current assets / short-term liabilities

Management

The company's board of directors consisted of Tarmo Plank, Asko Pohla and Kaili Pohla. The board members are paid for performing their duties.

No compensation is provided for the board members in case of their recall.

Investments and prospects

The board considers the company's prospects to be very good.

The company's investments in fixed assets for the reporting year amounted to 10,062 (2021: 130,943) euros.

No development and research expenditures were made in the 2022 fiscal year. Also, no development and research expenditures are planned for 2023.

The board plans to further secure its market position in 2023 and increase sales revenues and operating profitability. The introduction of new products and geographical expansion of sales will also continue.

The war in Ukraine affects the entire European and also Estonian food industry, posing difficult choices in terms of raw material purchases and prices. The prices of finished goods for both retail chains and Horeca are under pressure. Tarplani Kaubanduse optimizes costs throughout the production process.

The goal is still to emerge from this crisis situation even stronger and more successful. As of the preparation of the report, the event has not had a significant impact on the company's operations.