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's activity report 2022

Introduction

AS Triest - Val's main activity is the production of workwear.

The economic activity of AS Triest - Val in 2022 was characterized by an increase in the volume of workwear production. Attention was mainly paid to ensuring the release of production in current markets.

Revenues, expenses and profit In 2022, AS Triest - Val's sales revenue amounted to 8,028,730 euros, which is 13.1% more than in 2021.

Main financial ratios

In euros 2022 2021

Sales revenue 8,028,730 7,099,098

Sales revenue growth % +13.1 +18.8

Profit for the reporting year 506,899 202,079

Net profitability % 6.3 2.8

Coverage ratio of short-term liabilities 2.1 2.3

ROA (return on assets) % 30.6 11.5

ROE (return on equity) 54.6 18.9 %

Formulas used in calculating ratios: n Sales revenue growth (%) = (sales revenue 2022 - sales revenue 2021)/ sales revenue 2021 * 100% n Net profitability (%) = profit for the reporting year/ sales revenue * 100% n Coverage ratio of short-term liabilities (times) = current assets/short-term liabilities n ROA (%) = profit for the reporting year/ total assets * 100% n ROE (%) = profit for the reporting year/ total equity * 100%

Investments

A total of 9.5 thousand euros was invested in tangible fixed assets during the reporting period.

Personnel In 2022, the company's labor costs amounted to 2,915,469 euros, an increase of 5.05% over the year.

The board of AS Triest - Val consists of one member, the board member was paid a salary during the reporting year. The members of the council were paid a salary based on a contract of employment, no fees were paid to the members of the council.

Risks

In its daily operations, AS Triest - Val encounters various risks, the management of which is important and an integral part of the company's business activities. The company's ability to identify, measure and control various risks is a significant input to the overall profitability of AS Triest - Val.

Risk is defined by the company's management as a possible negative deviation from the expected financial result. The main risk factors are market risk (including price risk) and operational risk. In the opinion of the board of AS Triest - Val, these risks are medium for the company.

COVID-19 has not had a significant impact on the company's financial indicators.

The impact of the Russian-Ukrainian war on the company's economic activity in 2023 is not significant according to the management's assessment.

Forecast for the next financial year

We forecast sales revenue growth for the next year.