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's activity report 2022

YX-Fintemec OÜ was established in 2017 with the aim to start the production of metal structures.

The company already has an established customer base.

2018 was planned for the initiation of activities. 2019 started more seriously with production and reached profit. In 2021 and the reporting year, turnover was increased and profit improved.

The company had an average of 32 employees during the reporting year (32 in 2021) and labor costs were 1,027 thousand (798 thousand in 2021) euros.

The board consists of 2 members and a fee of 48,971 euros was paid for being a board member.

The goal of YX-Fintemec OÜ for the next year is to increase turnover and be profitable.

The war in Ukraine that started in February 2022 has increased uncertainty in the markets and caused an increase in input prices. The company's management is monitoring the situation and negotiations are being held with customers to adjust sales prices due to price increases. As of the date of approval of the report, the management has no reason to believe that the impact of the war would jeopardize the company's operations in the coming months.

YX-Fintemec OÜ main financial ratios: 01.01.2022-31.12.2022 01.01.2021-31.12.2021

Sales revenue (eur) 5,923,626 4,251,800

Short-term obligation coverage ratio 2.13 2.27

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