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's activity report 2022

The activity code of As Würth according to EMTAK is 46749, wholesale of tools and hardware.

We are VAT liable and the liable number is EE100211168.

The most important keyword of the past year was Ukraine.

Due to the war, there was a lot of uncertainty about the future and as a result, a tremendous increase in energy prices.

As there was a risk of a gas shortage in Estonia in the winter of 2022/23, we switched to heating oil in the warehouse, just in case.

Regarding the car fleet, we are moving towards electrification and in 2022 we doubled the number of electric cars in our company.

The results of 2022 were mediocre, the turnover did increase somewhat, but the profit decreased.

It was especially sad to look at the bank account, where by the end of the year only a fifth of what was there the previous year was left.

In order to ensure sales growth and increase revenues, we rented out our premises and vehicles, increased stock and wage costs.

We plan to continue expanding our sales network and small islands seem promising as we would have no competitors there.

The biggest challenge in 2023 is the ERP replacement.

In 2023, we plan to include new lubricants in the selection to make things smoother.

Main financial ratios in thousands of euros 2022 2021

Sales revenue 44 991 40234

Operating profit 9 018 9 044

Net profit 7 667 7 412

Investments 1 019 912

Equity 31 001 30 308

Tangible fixed assets (at acquisition cost) 17 928 17 229

Total assets 37 558 36 917

Average number of employees 194 189

Labour cost 10 134 9 312

Net profit margin 17.04% 18.46% net profit / sales revenue

Operating profit margin 20.04% 22.48% operating profit / sales revenue

Short-term liabilities coverage ratio 4.50 6.45 current assets / short-term liabilities

Debt ratio 0.17 0.18 liabilities / total assets

ROA 20.41% 20.08% net profit / total assets

ROE 24.73% 24.45% net profit / equity