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's activity report 2022

Melytec Europe OÜ was established on November 27, 2015, and its main activity is the wholesale of various industrial and special-purpose machines, instruments, devices, and equipment.

The range of products offered includes microscopes and digital systems for microscopic examinations, chemical analyzers, accessory meters, test equipment, coolers, and various laboratory equipment.

The company's customers are mainly manufacturing companies and research organizations operating in the field of materials science, chemical and phase analysis, and physical and mechanical testing.

The company's suppliers are predominantly European Union manufacturers - Struers Aps (Denmark), Emco-Test Prüfmaschinen GmbH (Austria), FEI Europe B.V (Netherlands), Evident Europe GmbH (Germany).

The company did not carry out significant research and development projects or investments in the reporting year and does not plan to do so in the coming years.

The company's business does not show noticeable seasonality or cyclical economic activity. The company's activities do not have significant environmental and social impacts. The company does not have financial instruments that would be exposed to risks related to changes in exchange rates, interest rates, or stock prices.

Geopolitical events after the reporting date change the general macroeconomic operating environment. Due to geopolitical events in 2022, supply areas changed as supplies to the Russian Federation were suspended and sales increased in European and Asian markets, including the expansion of the product range. Therefore, geopolitical events until the confirmation of this financial year's report did not significantly affect the company's activities, as confirmed by the 2022 economic indicators. The company's management constantly analyzes risk scenarios that may affect the company's trade activities and supply chains. Based on the analyses carried out at the time of preparing the report and the current situation, the management estimates that changes in the economic environment will not reduce next year's turnover.

The company's owners do not have an official dividend policy. The distribution of dividends is decided when the company has achieved a strong financial position, taking into account the owner's growth ambitions and the desire to make a profit allocation at the same time.

The main goal of the company for the next financial year is to maintain the company's market position, introduce new sales articles and high-tech equipment, secure and expand in European and Asian markets.

The following is an overview of the company's key financial indicators: 2022 2021 2020

Working capital, euros 2 589 811 2 939 379 1 996 371

Short-term liabilities coverage ratio 2.1 8.2 2.4

Liquidity ratio 1.2 7.8 2.1

Cash ratio 0.006 0.2 0.3

Debt ratio 0.4 0.1 0.4

Average collection period (days) 298 226 244

Sales revenue growth (%) 3.5 42 -30.0

Formulas used in the calculation of ratios:

Working capital (in euros) = current assets - short-term liabilities

Short-term liabilities coverage ratio (times) = current assets / short-term liabilities

Liquidity ratio (times) = current assets - inventory / short-term liabilities

Cash ratio (times) = cash / assets

Debt ratio = liabilities / (liabilities + equity)

Average collection period (days) = receivables from buyers / (sales revenue/360)

Sales revenue growth (%) = (reporting period sales revenue - comparison period sales revenue) / comparison period sales revenue × 100%