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's activity report 2022

The company Tolmet Tallinn OÜ was established on 20.07.2010 (reg.nr.11967685). A merger agreement was concluded on 16.12.2020. The merger decision was adopted on 22.06.2021, based on which the company was renamed Tolmet OÜ.

The company Tolmet OÜ was established on 19.07.2021, based on the merger agreement of three companies dated 16.12.2020.

The merging companies were: Tolmet Eesti OÜ, registry code 11105162, location Tartu county, Tartu city, Tartu city, Ringtee tn 26, 50105 (merging entity) and OÜ TOLMETEX, registry code 11102659, location Pärnu county, Pärnu city, Pärnu city, Savi tn 34a, 80010 (merging entity) merge with the business entity Tolmet Tallinn OÜ (merging entity)

The main activity of Tolmet OÜ is the collection and processing of black and colored scrap metal. The company has seven scrap metal yards across Estonia that meet environmental requirements: in Muuga, Tallinn, Tartu, Pärnu, Valga, Jõhvi, and Narva.

The aim of the merger of companies was to increase competitiveness in the scrap metal market in Estonia and to expand the network. The sales revenue in 2022 was 28,257,598 Euros. Sales revenue consisted of 99.92% goods and 0.08% services. The company's profit was 561,646 euros, which was achieved by reducing production costs through the introduction of new equipment and the merger of three companies' assets.

The average number of employees during the financial year was 36, salaries were calculated at 898,533 euros for the reporting year.

Main financial ratios for the financial year and the previous financial year and their calculation methodology 2022 2021

Sales revenue growth (%) 3.04% 270.51%

Net profitability (%) 1.99% 3.19%

Short-term obligations coverage ratio 2.67 1.29

ROA (%) 20.14% 19.71%

ROE (%) 29.70% 65.70%

Methodology for calculating the presented financial ratios:

Sales revenue growth = (2022 sales revenue - 2021 sales revenue)/2021 sales revenue * 100

Net profitability = net profit / sales revenue * 100

Short-term obligations coverage ratio = current assets/ short-term obligations

ROA = net profit / total assets * 100

ROE = net profit / equity * 100 In 2022, the merger process of companies was completed and a new management structure was created.

Considering what is happening in the world, the difficult situation caused by the military conflict, the high level of inflation in the country, the main task of the company is to maintain stability and jobs.

Mihails Sobolevs

Board Member