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ENSTO BUILDING SYSTEMS OÜ's activity report 2022

The 100% owner of Ensto Building Systems OÜ is the Finnish Republic company Ensto Building Systems OY, which belongs to the Legrand group listed on the Paris Stock Exchange. The activity of Ensto Building Systems OÜ is „Production of other electrical equipment” (EMTAK 27901).

The sales revenue of Ensto Building Systems OÜ for the 2022 financial year was 59 568 764 EUR (in 2021, 59 383 704 EUR). The net profit for 2022 was 2 419 480 EUR (in 2021, 2 246 867 EUR).

In 2022, Ensto Building Systems OÜ employed an average of 248 employees (in 2021, 201 employees), whose total salary was 4 437 663 EUR (in 2021, 3 394 352 EUR). The board of Ensto Building Systems OÜ consists of three members. The board members were paid a total of 116 527 EUR in 2022 (in 2021, 74 640 EUR).

Ensto Building Systems OÜ invested 750 799 EUR in 2022 (in 2021, 618 933 EUR). Investments of 1.5 million EUR are planned for 2023.

In February 2022, an extension to the Ensto Building Systems OÜ Keila factory was completed. In the first half of 2022, the production (electric car charging accessories) and component storage on the premises of the Ensto Ensek AS factory were moved to the newly completed extension. So today, all of Ensto

Building Systems OÜ Keila factory production is on the same premises. Ensto Building Systems OÜ Paide factory continues on two separate production premises.

The macroeconomic situation is tense and unpredictable mainly due to the geopolitical situation. Since the volume of transactions related to Russia and Belarus is small in Ensto Building Systems OÜ (exports to Russia accounted for 1% of total sales in 2022, there were no imports from Russia;

There were no export or import transactions with Belarus), the war in Ukraine does not directly affect economic activity. However, the prices of energy carriers and other production inputs have risen sharply, which has necessitated the adjustment of sales prices.

The sales of Ensto Building Systems OÜ are relatively even throughout the year. There are individual product groups (such as electric radiators) where sales are seasonal, but this does not cause large fluctuations in monthly sales.

Ensto Building Systems OÜ is one of the largest employers in the city of Keila and has helped implement community development projects. Ensto

Building Systems OÜ has an ISO 14001 environmental management system certificate and uses energy-saving and environmentally friendly processes in production.

The COVID-19 pandemic did not affect the 2022 financial results of Ensto Building Systems OÜ.

Assessment of Financial Risks

Credit Risk

The sale of the company's products and services is in accordance with internal group procedures. The main customers of Ensto Building Systems OÜ are other companies belonging to the same group, and settlements are made according to agreed transfer prices and payment deadlines.

For clients outside the group, customer payment discipline is continuously monitored and the relevant group regulation is followed in debt collection. For non-contractual customers, prepayment is the payment condition when handing over the goods.

Liquidity Risk

Continuous cash flow planning and control are important parts of the daily liquidity risk management of the Ensto Building Systems group. The group-wide Treasury department deals with daily cash flow planning. In managing liquidity risks, a conservative approach is taken so that there is always sufficient cash reserve to meet financial obligations at any time.

Interest Rate Risk

The company has no debt obligations related to a variable interest rate.

The company's current account is part of the group account. A fixed interest rate is applied when using the group account.

Main ratios (per year or as of December 31) 2022 2021